(8-minute video) Banks are trying to get into the DeFi space by offering crypto services to their clients. And it seems like they're creating Frankenstein's monster.

July 09, 2021 DeFi Will Destroy the Traditional Banking System By Ian King, Editor, Strategic Fortunes Dear Paul, Decentralized finance, or DeFi, tries to take traditional banking services and put them on the blockchain. I’m talking about making loans, borrowing, trading assets on exchanges and more. But now, banks are trying to get into the DeFi space by offering crypto services to their clients. And it seems like they’re creating Frankenstein’s monster. That’s because the banks are building something that could evaporate their own businesses. In today’s Market Insights video, Steve Fernandez and I discuss why the crypto boom has put banks in a difficult situation. (If you'd prefer to read a transcript, click here.) Regards, Ian King Editor, Strategic Fortunes Crypto’s on Fire — How to 12X Your Money in 12 Months Bitcoin shot up 45% in one month — and just hit a new record price. Some experts say it could hit $400,000 over the next 10 years … and another predicts it could soar to $1 million — and become bigger than gold! In his newest presentation, crypto expert Ian King says those predictions are just the beginning … because he’ll be sharing specific cryptos that could hand you profits even bigger than Bitcoin. Ian says these specific opportunities could make you 12X your money in 12 months… And you can see Ian King’s special cryptocurrency presentation right here … right now. $70 Million Ransomware Demand Shocks the World Retirement Help Is on the Way This Gene-Editing Stock Doubled in 3 Days 5 Years to a 7-Figure Retirement?     Privacy Policy Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Smart Profits Daily emails, click here. To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2021 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)