**Bitcoin DeFi Adoption Remains Low Despite High Interest**

Bitcoin is the largest and most well-known cryptocurrency, but surprisingly, most Bitcoin holders are not using Bitcoin-based DeFi (BTCFi) platforms. These platforms let users earn rewards or take out loans using their Bitcoin, but few people are taking advantage of these features.

**Why Are Bitcoin Users Avoiding BTCFi?**

A recent survey by GoMining found that only 8% of Bitcoin holders actually use BTCFi services like lending or yield farming. Even though 73% of those surveyed said they’re interested in earning passive income from their Bitcoin, a huge 77% have never tried any BTCFi platform at all.

The main reasons? Many Bitcoin holders find BTCFi tools too complicated, and they don’t fully trust these services yet. On top of that, 65% of people couldn’t name even one BTCFi project, which shows there’s a major lack of awareness and education in this space.

**Is the Crypto Industry Missing the Mark?**

Industry experts believe that BTCFi platforms are being designed for advanced crypto users—people who are already familiar with DeFi and self-custody. But most Bitcoin holders prefer simpler and more secure options, like custodial services where someone else manages the technical stuff for them.

GoMining CEO Mark Zalan says that if BTCFi platforms want to grow, they need to focus on making their services easier to use and educating users about the benefits. Right now, many of these platforms are copying the Ethereum DeFi model, which might not be a good fit for the average Bitcoin holder.

**Room to Grow with Better Tools and Education**

Even though there’s a lot of investor money going into BTCFi startups, many of these projects are not reaching everyday Bitcoin users. What’s needed are user-friendly tools that help people earn yield safely, without having to deal with complicated technology or risky setups.

The survey used data from 700 users of GoMining, a digital Bitcoin mining platform. While this isn’t a massive group, GoMining claims their user base is a good reflection of regular Bitcoin investors. Their data shows that many users are curious about crypto opportunities but need more support to get started.

**What Needs to Change for BTCFi to Take Off?**

For BTCFi to truly take off, platforms need to be simpler, safer, and easier to understand. Building trust and improving user experience are key. Education will also play a big role in helping people feel confident enough to try these new financial tools.

In short, the potential for BTCFi is massive—but to unlock it, the crypto industry must stop building for experts and start focusing on everyday Bitcoin holders.