Bitcoin Amsterdam: BTC shines in depths of crypto bear market
The Bitcoin (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.
This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam 2023 conference.
Jameson Lopp, the CEO of Bitcoin custody firm Casa, provides food for thought with less than a year to go before Bitcoin’s next mining reward halving. In a conversation with Cointelegraph, the Bitcoin advocate and software engineer said BTC’s value proposition has been a stronghold through months of tough market conditions:
Dylan LeClair is another prominent voice in the Bitcoin space who continues to advocate the fundamentals of the asset amid an unprecedented economic landscape in the United States. The Bitcoin analyst tells Cointelegraph that the average investor continues to “passively plow” into a basket of government bonds and U.S. companies in the hopes of making money over the long term.
Related: Bitcoin Amsterdam: Focus on BTC fundamentals, says Edward Snowden
LeClair admits that while no analyst can guarantee returns on investments in any one asset or vehicle, there is an increasingly strong argument for the long-term potential of Bitcoin:
The analyst adds that Bitcoin continues to be a means for citizens of countries facing hyperinflation to safeguard and control their wealth:
Meanwhile, Bitcoin developer and educator Jimmy Song tells Cointelegraph that altcoins have detracted from the transformational potential of Bitcoin by “muddying the waters between centralization and decentralization:”
Song also suggests that various cryptocurrency projects have co-opted Bitcoin’s
Read more on cointelegraph.com
