The CEO of bitcoin storage platform Fedi said that bitcoin’s superiority over other cryptocurrencies is clear in all aspects, and BTC will strengthen its position by the end of 2023.
Obi Nwosu expressed confidence that Bitcoin has the fastest, cheapest, simplest, most decentralized and secure ecosystem, which by the end of the year will be more obvious.
At the same time in the cryptospace will leave room for other cryptocurrencies, the businessman believes. Fedi CEO compares the development of the crypto industry to musical evolution:
“There are still turntables and vinyl records, there are people who like to listen to music cassettes and CDs.
It’s the same with cryptocurrencies: someone will always be a bitcoin supporter, even though we have a multicurrency future ahead of us.
Businessman thinks many people have misunderstandings about Bitcoin because of its limited scalability.
However, Nwosu believes the reality is that the industry has started to see more and more effective solutions for evolving network functionality.
Obi Nwosu sees cryptocurrencies as a combination of philosophy and technology.
Because of the intangible nature of cryptocurrencies, they cannot be fought with physical force, be it guns or missiles.
And yet cryptoassets are vulnerable to misinformation as well as inadequate and excessive regulation. This is especially true in countries where there is no freedom of speech, says Fedi’s CEO.
U.S. presidential candidate Robert Kennedy Jr. has the same opinion about cryptocurrencies. He recently called bitcoin a means of supporting democracy.