Is YFI compitator of bitcoin?

[EAA-ALLAH]

YFI is now 8k btc 15k YFI is so risky be carefull guys loot scamer in DEFI project.

Hey guys again checking the yfi market and bitcoin market. Yfi and bitcoin nearly same. Yfi now the competitors of bitcoin. But yfi never replace bitcoin anyways.

[Ace H Knows]

YFI is not competing with BTC because they have different functions, in fact, the YFI token is also backed by Wrapped Bitcoin so they are not competing with each other because they have a different purpose and function.

[trauchot]

It doesn't matter what price YFI will reach, because bitcoin is still much more popular and in demand, and therefore YFI will not be able to compete with bitcoin, the only thing YFI can do is just overtake the price of bitcoin and that's all, but of course I was surprised when I saw YFI price and trading volume of this cryptocurrency, because this cryptocurrency appeared suddenly and has already reached such incredible heights.

[EAA-ALLAH]

YFI is not competing with BTC because they have different functions, in fact, the YFI token is also backed by Wrapped Bitcoin so they are not competing with each other because they have a different purpose and function.

How can it possible sir ,, bitcoin is the best cryptocurrency in the cryptocurrency market which trading volumes 200000 times than the yfi finance.  More than thousands projects are arranging it's trading platform with Bitcoin.

[Tanimariya]

The price of YFI is slightly higher than the current bitcoin. But three times more than Bitcoin. The current price of YFI is now 16,648$. The cryptocurrency market changes every moment. Bitcoin's current price is $16,298. Over the last few days, the price of YFI has been slightly lower than that of Bitcoin. So I think this price never holds the popularity of the coin. Looking at the number of users in the market every day, it is clear which coin is the most popular.

[svetlana]

The price of YFI is slightly higher than the current bitcoin. But three times more than Bitcoin. The current price of YFI is now 16,648$. The cryptocurrency market changes every moment. Bitcoin's current price is $16,298. Over the last few days, the price of YFI has been slightly lower than that of Bitcoin. So I think this price never holds the popularity of the coin. Looking at the number of users in the market every day, it is clear which coin is the most popular.

This does not mean anything. More recently, the price of YFI on exchanges was twice as high as Bitcoin.In my opinion, it was artificially overestimated. This was done most quickly for speculative purposes. But YFI has now shown its true value. Bitcoin is still the number one coin, despite the fact that it is slightly lower in price than YFI.