Bitcoin Amsterdam - BTC shines in depths of crypto bear market

Bitcoin’s (BTC) worth proposition continues to beryllium a root of assurance for investors and proponents amid prevailing depressed marketplace conditions for the wider cryptocurrency space.

This was a cardinal takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam league hosted astatine Westergas successful Oct. 2023.

Jameson Lopp, CEO of Bitcoin custody steadfast Casa, provides nutrient for thought with little than a twelvemonth to spell earlier Bitcoin’s adjacent mining reward halving. In speech with Cointelegraph, the Bitcoin advocator and bundle technologist says that BTC’s worth proposition has been a proverbial stronghold done months of pugnacious marketplace conditions:

“During the carnivore market, truthful galore radical person mislaid wealth connected each these different tokens. Once again, Bitcoin is shining arsenic the safer asset.”

Dylan LeClair is different salient dependable successful the Bitcoin abstraction that continues to advocator the fundamentals of the plus amid an unprecedented economical scenery successful the United States. The Bitcoin expert tells Cointelegraph that the mean capitalist continues to “passively plow” into a handbasket of authorities bonds and U.S. companies successful the hopes of making wealth implicit the agelong term.

Related: Bitcoin Amsterdam: Focus connected BTC fundamentals, says Edward Snowden

LeClair admits that portion nary expert tin warrant returns connected investments connected immoderate 1 plus oregon vehicle, determination is an progressively beardown statement for the agelong word imaginable of Bitcoin:

“Nothing is guaranteed, but its fundamentals suggest that successful a precise agelong clip framework you're going to beryllium securing a precise bully store of value. Like however radical utilized to bargain spot oregon bargain gold, whereas it has integer characteristics.”

The expert adds that Bitcoin continues to beryllium a means for citizens of countries facing hyperinflation to safeguard and power their wealth:

“The radical utilizing Bitcoin, the existent adopters, person much condemnation than ever and it's much wide than ever. People successful 3rd satellite countries are utilizing Bitcoin not due to the fact that it's fashionable oregon hyped. It's due to the fact that they're utilizing it to prevention them from losing everything.”

Cointelegraph writer Joe Hall (right) hosts a sheet featuring Rene Pickhardt and Jimmy Song during Bitcoin Amsterdam 2023.

Meanwhile Jimmy Song, Bitcoin developer and educator, tells Cointelegraph that alt coins person detracted from the transformational imaginable of Bitcoin by “muddying the waters betwixt centralization and decentralization”:

“We’re seeing however a batch of radical deliberation that Sam Bankman-Fried is someway the CEO of Bitcoin - it's conscionable dirtying Bitcoin’s bully name.”

Song besides suggests that assorted cryptocurrency projects person co-opted Bitcoin’s estimation for their ain gain, which has near unsuspecting investors the eventual losers:

“People get confused, they get screwed retired of it and past they curse disconnected crypto everlastingly oregon thing similar that, not having ever understood thing astir it.”

Prince Filip Karađorđević of Serbia spoke to Cointelegraph conscionable earlier hosting a one-on-one with president Miguel Albuquerque of Madeira. The autonomous Portuguese archipelago is acceptable to motorboat a Bitcoin concern hub arsenic a means to thrust adoption of the cryptocurrency.

Karađorđević has go a Bitcoin advocator successful caller years and present works for Jan3, a Bitcoin steadfast founded by Samson Mow that is looking to thrust nation-state usage of BTC. Conversations centered astir the imaginable of Bitcoin highlighted however the integer plus has antithetic worth propositions for developed, processing and archetypal satellite economies.

“In processing countries you'll spot overmuch much adoption there. Countries that truly person treble and triple digit inflation, you're Lebanon’s, Nigeria's, Argentina's.”

Meanwhile developed nations similar America, United Kingdom, France and Switzerland volition person varying degrees of adoption babelike connected regularisation and education.

NSA whistleblower Edward Snowden also stressed the value of Bitcoin successful combatting tyranny and governmental overreach portion providing idiosyncratic sovereignty of wealthiness during a virtual code during the 2023 league successful Amsterdam.

Magazine: ‘Elegant and ass-backward’: Jameson Lopp’s archetypal content of Bitcoin