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Exclusive Interview: The Bullish Prediction for Bitcoin
In a recent interview with Cointelegraph, Obi Nwosu, the CEO and co-founder of Fedi, elucidated his belief in Bitcoin's imminent ascendancy as the dominant cryptocurrency by the close of this year.
Bitcoin's Superiority
According to Nwosu, Bitcoin's supremacy will be undeniable in all facets by the end of 2023, positioning it as the leading contender in the cryptocurrency world.
Discussion at the Bitcoin 2023 Event
During the Bitcoin 2023 gathering in Miami on May 20, Cointelegraph's Joe Hall engaged Nwosu, the frontman of Fedi – a pioneering Bitcoin community custody protocol offering an alternate solution for those reluctant to use or unable to access centralized exchanges.
Throughout the conversation, Nwosu underscored Bitcoin's burgeoning stature as the "quickest, most affordable, simplest, most decentralized, and secure" ecosystem - a fact he sees as increasingly irrefutable. He expressed optimism that Bitcoin's strengths would be more apparent as the year progresses, with the cryptocurrency ticking every box for supremacy.
The Efficient and Secure Solution: Bitcoin
Regardless of the objective - be it innovating functionality, building a decentralized social media platform, or bolstering local communities, Nwosu opined that Bitcoin emerges as the most effective and secure choice.
Despite his strong backing for Bitcoin, Nwosu acknowledges room for other cryptocurrencies in the landscape, likening it to the diverse evolution of music.
Debunking the Misconception about Bitcoin's 'Slow Innovation'
Nwosu highlighted a widespread misconception about Bitcoin's so-called "slow innovation". He debunked the notion that Bitcoin suffers from functional or scaling constraints, stating instead that developments are occurring at a brisk pace with a focus on crafting foolproof solutions on the first attempt.
He believes that striving for perfection, even if it means temporary delays, outweighs the hassle of repetitive adjustments.
Cryptocurrency: A Hybrid of Philosophical and Technological Aspects
In Nwosu's perspective, cryptocurrency represents a merger of philosophical and technological ideas. He elucidated how its intangible nature makes it impervious to physical threats, such as military force, yet susceptible to misinformation and overly stringent regulations.
According to Nwosu, nations that devalue freedom of speech and overall liberties may adopt restrictive approaches towards cryptocurrency. He emphasized the necessity to counteract this by rectifying misinformation and designing systems that champion ethical practices.
