Bitcoin MENA 2024, held in Abu Dhabi on December 9, brought together blockchain leaders to discuss decentralised finance (DeFi) and security innovations. Core DAO’s Adam Bendjemil emphasised the importance of Bitcoin-based DeFi (BTCFi) and a security-first approach to blockchain technology.

Core DAO’s Vision: Combining Bitcoin Security with EVM Compatibility

Adam Bendjemil, Head of Ecosystem Growth at Core DAO, explained how the platform stands out by integrating Bitcoin’s robust security framework with Ethereum Virtual Machine (EVM) compatibility. Speaking to Cointelegraph, he highlighted Core DAO’s strategy to enhance DeFi trust and adoption.

“Our focus is on leveraging battle-tested systems, ensuring protocol safety through rigorous audits, and introducing a Bitcoin twist to improve accessibility,” Bendjemil said. By forking established protocols and enhancing them with Bitcoin security measures, Core DAO aims to offer a reliable and scalable DeFi solution.

Security First, Innovation Second

Bendjemil underscored Core DAO’s prioritisation of security, noting that trust in DeFi hinges on robust safety measures. The platform utilises Solidity and conducts multiple audits to reduce protocol risks.

“Adoption goes hand-in-hand with security,” he stated, adding that holding Bitcoin remains a winning strategy for long-term growth. Core DAO seeks to balance technological advancement with stability, supporting the broader adoption of blockchain systems.

Bitcoin Price Forecast: $110,000 by 2025?

In related news, Raoul Pal, CEO of Global Macro Investor, predicted Bitcoin could reach a local peak of $110,000 by January 2025 before falling below $70,000 by February. Pal attributed this to liquidity cycles, anticipating another surge in the third quarter of 2025.

With its focus on innovation, security, and Bitcoin integration, Core DAO exemplifies the advancements discussed at Bitcoin MENA 2024, signalling a promising future for DeFi and blockchain technology.