Obi Nwosu, CEO and co-founder of Fedi, outlines why Bitcoin will be the cryptocurrency king by the end of 2023. He emphasised that Bitcoin has the “fastest, cheapest, easiest, most decentralised, and secure” ecosystem, which he believes will become increasingly obvious by the end of the year. However, he feels that, in addition to Bitcoin, there is room for other cryptocurrencies. Nwosu contends that Bitcoin’s “slow innovation” is a myth, and that innovations are moving at a “incredibly fast” pace, with a focus on generating solutions that are correct the first time. He believes that correcting misinformation and creating systems that encourage the good folks is the key to combating this. Countries who do not believe in free speech are actively considering tight control of Bitcoin.
