• Bitcoin had a defining year in 2022 and it is clear that the dead weight of speculation is starting to be cut.
• The Global South will continue to lead Bitcoin adoption, with trade volume in Africa continuing to increase despite the bear market.
• Bitcoin is backed by human work and has proven its utility, meaning the divide between Bitcoin and other cryptocurrencies is set to grow in 2023.
Bitcoin had an incredible year in 2022 and widespread speculation about its future is finally beginning to subside. As the dust settles, it is becoming increasingly clear that the world is ready to embrace Bitcoin and its revolutionary technology as a viable and reliable form of digital currency.
The Global South has been leading the charge in the adoption of Bitcoin, with trade volume in Africa continuing to increase despite the bear market. This is a testament to the necessity of Bitcoin on the continent and its ability to offer a cheaper and more efficient solution for people to send money back home, make payments and preserve their wealth.
At the Africa Bitcoin Conference in Ghana, the Built With Bitcoin Foundation opened the Bitcoin Technology Center (BTC), a learning and training center in Kumasi, Ghana – which is set to educate 400 people in its first year. The future of Bitcoin in Africa is bright and the continent is likely to remain a leader in Bitcoin adoption heading into 2023.
The utility of Bitcoin is undeniable and it is becoming increasingly clear that the divide between Bitcoin and other cryptocurrencies is set to grow in 2023. Bitcoin is backed by human work and its use-cases are real, meaning it is a more reliable form of digital currency than its counterparts.
The global economy is ready for Bitcoin and, as we look ahead to 2023, it is our responsibility to educate people and governments about the advantages of using this revolutionary technology. It is my hope that we will be able to onboard the next billion Bitcoiners and that the world will be able to reap the benefits of a free and efficient global economy.