DeFi Raccoons and Evolving Bitcoin Narratives

Investor Ben Hunt has a specific definition for defi charlatans, raccoons. They’re the enemy. They’re not like foxes or coyotes. They steal and kill just for the sheer sport of it. It’s just what they are.

Forget about the popular culture image of raccoons, plush toys with opposable thumbs and a cute little face; they symbolize wanton criminality in the animal kingdom. It’s a good reference point for the hucksters, con men, and sometimes outright criminals who infest the financial markets. Financial raccoons come to where the money is, and that’s the…