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- 1 A DeFi executive thinks Bitcoin (BTC) will be leading the crypto world.
- 2 According to the DeFi executive, the results will be evident by the end of this year.
- 3 He also thinks that Bitcoin is “unstoppable in terms of developing functionality, establishing a decentralized social media network or empowering local communities.”
Obi Nwosu, a Decentralized Finance (DeFi) executive, explains in an interview that by the end of this year Bitcoin will be at the top of the list. He said that Bitcoin will be throned and will be the king of cryptocurrency. He also stated that this all will be very clear very soon by the end of 2023. Nwosu is the CEO and Founder of Fedi, which is a global Bitcoin adoption tech-firm.
Bitcoin Optimist DeFi Executive
Fedi is a protocol of Bitcoin Community Custody that provides an alternate solution to users who are denied access or do not have faith in centralized exchanges. Nwosu was recently interviewed in Miami at a conference. He usually shows his support for Bitcoin.
Nwosu also mentioned that all of this will be visible transparently by the end of 2023 and it’s just a timer going on for Bitcoin. He said that Bitcoin is the first and most obvious choice in terms of its development cycles.
The future is not Bitcoin dominant but a “multi-coin” future is more likely to happen, as Nwosu continued. He compared the same with the music industry, and how music has evolved.
Nwosu also emphasized the fact that people think developments in Bitcoin are relatively slow and how this is a misconception and nothing else. He said when people are thinking that developments are slow. But on the contrary, developments in Bitcoin are incredibly fast. He said that developers are looking for solutions and trying to create the correct one the first time only. Adding to this, he said that perfection may take time but it’s still better than making changes again and again.
In Nwosu’s opinion, cryptocurrency is actually an idea that is a mixture of both philosophical aspects and technological aspects. It is a combination of both basically. He further explained that cryptocurrency cannot be exploited by missiles or guns because it’s digital or cannot be touched. But it can be exploited by misinformation or misleading rules or unnecessary regulations.
According to Nwosu, all the developing or developed countries that lack freedom of speech or freedom, in general, have their hopes for these rules and regulations towards cryptocurrency. He believes that the main weapon to fight against the crimes of cryptocurrency is to stop the transfer of misinformation. He also mentioned that this can be stopped by creating a community of good human beings and empowering and encouraging them.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
