Osaretin Victor Asemota
Osaretin Victor Asemota

@asemota

4 Tweets 2 reads Dec 23, 2021
I read the FT article claiming Bitcoin is worse than a Ponzi scheme and it dawned on me that many people have only a small perception of the problems people face globally when it comes to global digital inclusion and consequences of bad economic policies leading to devaluation.
China can devalue it's currency deliberately to drive exports but other countries where economic policies are wishy-washy suffer from currency devaluation without corresponding economic benefit because of massive inflationary pressure. Bitcoin becomes a hedge in those instances.
I think people don't realize that what cryptocurrency has done is give this power to ordinary people beyond hedge funds and institutional investors. This is why global adoption is imperative. It will shift power away from institutions and countries to people and their needs.
This process has started with Lightning. All of the speculation will reduce as utility increases. I am proud of what companies like @Bitnob_official and @yellowcard_app have achieved in a short time within Africa. Next year will be very interesting.

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