{"id":13681,"date":"2023-10-17T11:39:49","date_gmt":"2023-10-17T11:39:49","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=13681"},"modified":"2023-10-17T11:39:50","modified_gmt":"2023-10-17T11:39:50","slug":"btc-shines-in-depths-of-crypto-bear-market","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13681","title":{"rendered":"BTC shines in depths of crypto bear market"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>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.<\/p>\n<p>This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam 2023 conference.<\/p>\n<p>Jameson Lopp, the CEO of Bitcoin custody firm Casa, provides food for thought with less than a year to go before Bitcoin\u2019s next mining reward halving. In a conversation with Cointelegraph, the Bitcoin advocate and software engineer said BTC\u2019s value proposition has been a stronghold through months of tough market conditions:<\/p>\n<p>\u201cDuring the bear market, so many people have lost money on all these other tokens. Once again, Bitcoin is shining as the safer asset.\u201d<\/p>\n<p>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.\u00a0The Bitcoin analyst tells Cointelegraph that the average investor continues to \u201cpassively plow\u201d into a basket of government bonds and U.S. companies in the hopes of making money over the long term.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin Amsterdam: Focus on BTC fundamentals, says Edward Snowden<\/em><\/strong><\/p>\n<p>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:<\/p>\n<p>\u201cNothing is guaranteed, but its fundamentals suggest that in a very long time frame, you\u2019re going to be securing a very good store of value. Like how people used to buy property or buy gold, whereas it has digital characteristics.\u201d<\/p>\n<p>The analyst adds that Bitcoin continues to be a means for citizens of countries facing hyperinflation to safeguard and control their wealth:<\/p>\n<p>\u201cThe people using Bitcoin \u2014 the true adopters \u2014 have more conviction than ever, and it\u2019s more widespread than ever. People in third-world countries are using Bitcoin not because it\u2019s fashionable or hyped. It\u2019s because they\u2019re using it to save them from losing everything.\u201d<em>Cointelegraph journalist Joe Hall (right) hosts a panel featuring Rene Pickhardt and Jimmy Song during Bitcoin Amsterdam 2023. Source: Cointelegraph<\/em><\/p>\n<p>Meanwhile, Bitcoin developer and educator Jimmy Song tells Cointelegraph that altcoins have detracted from the transformational potential of Bitcoin by \u201cmuddying the waters between centralization and decentralization:\u201d<\/p>\n<p>\u201cWe\u2019re seeing how a lot of people think that Sam Bankman-Fried is somehow the CEO of Bitcoin \u2014 it\u2019s just dirtying Bitcoin\u2019s good name.\u201d<\/p>\n<p>Song also suggests that various cryptocurrency projects have co-opted Bitcoin\u2019s reputation for their own gain, which has left unsuspecting investors the ultimate losers:<\/p>\n<p>\u201cPeople get confused, they get screwed out of it, and then they swear off crypto forever or something like that, not having ever understood anything about it.\u201d<\/p>\n<p>Prince Filip Kara\u0111or\u0111evi\u0107 of Serbia spoke to Cointelegraph just before hosting a one-on-one with President Miguel Albuquerque of Madeira. The autonomous Portuguese archipelago is set to launch a Bitcoin business hub as a means to drive the adoption of the cryptocurrency.<\/p>\n<p>Kara\u0111or\u0111evi\u0107 has become a Bitcoin advocate in recent years and now works for Jan3, a Bitcoin firm founded by Samson Mow looking to drive nation-state use of BTC. Conversations centered around the potential of Bitcoin highlighted how the digital asset has different value propositions for developed, developing and first-world economies.<\/p>\n<p>\u201cIn developing countries, you\u2019ll see much more adoption there \u2014 countries that really have double and triple-digit inflation, you\u2019re Lebanon\u2019s, Nigeria\u2019s, Argentina\u2019s.\u201d<\/p>\n<p>Meanwhile, developed nations like the United States, the United Kingdom, France and Switzerland will see varying degrees of adoption dependent on regulation and education.<\/p>\n<p>NSA whistleblower Edward Snowden\u00a0stressed the importance of Bitcoin in combatting tyranny and governmental overreach while providing individual sovereignty of wealth during a virtual address at the conference.<\/p>\n<p><em><strong><em>Collect this article as an NFT<\/em><\/strong><em> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n<p><strong><em>Magazine:\u00a0\u2018Elegant and ass-backward\u2019: Jameson Lopp\u2019s first impression of Bitcoin<\/em><\/strong><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-amsterdam-btc-shines-during-crypto-bear-market\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-13681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13681"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13681\/revisions"}],"predecessor-version":[{"id":13683,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13681\/revisions\/13683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13682"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}