Bitcoin, the New Era of Adoption

In the dizzying world of cryptocurrencies, Bitcoin finds itself at a technical, financial, and cultural inflection point. The recent approval of Bitcoin ETFs and the upcoming halving (with only 69 days remaining) might obscure the most important factor: the increasing level of adoption is shaping a new chapter for the sector. The shift is both social and cultural. We are no longer just a handful of eccentrics and visionaries; we are beginning to be seen as a serious and technological alternative.

And if in doubt, look at what Obama said this week:

President Obama's public defense of Bitcoin is not a minor event. It represents a significant shift in the narrative surrounding cryptocurrencies, moving from being viewed with skepticism and caution by authorities to being recognized for their potential benefits and transformative impact on the global economy.

Indeed, when you take a step back, you realize that this process of adoption, slow but unstoppable, is normal. Bitcoin is nothing more than the accumulation of layers of technological innovation and social adoption, because innovation is only innovation if it is adopted; otherwise, it remains mere research.

Consider the path Bitcoin has taken, for its creator, Satoshi Nakamoto, to assemble the pieces of the puzzle (cryptography + Open Source + torrent + others):

From my point of view, the only real threat to Bitcoin does not come from governmental prohibition but from technological innovation itself. Bitcoin will exist until we find something better to replace it. And that won't be easy, because, despite the difficulty in understanding how it works, its brilliant simplicity is hard to beat.

Bitcoin's biggest threat is Ethereum, because, in addition to being a store of value and means of payment, it is programmable and allows for an entire universe of decentralized banking services to run through its digital veins.

And the biggest threat (right now) to ETH is Solana, which has grown 300% in the last year compared to ETH's 45%. And so, we could make a scale of threats, or rather, opportunities, some of which will be realized, many others, most, will never reach puberty, but what an exciting world this is where innovation has taken the helm of a sector as archaic and closed as finance and has shaken it to its foundations with its revolutionary ideas based on decentralization, open source, and privacy.

Amen.

And the halving is coming...