Bitcoin is Still the Future

By Jason Deane

I know we talk about Bitcoin price a lot anyway, but even a cursory Google search on the subject for the period reveals almost every article being about dollar values and where it might go next. Collectively, we’re obsessed with it.

My process for writing this Friday morning column looking at the previous seven days is a simple one.

I log key stories that occur in the week, look for trends and topical concerns and combine them all in a fashion that one hopes is interesting and educational for the reader. Since each story is logged separately, sometimes those trends aren’t actually entirely obvious until you review them together at the end of the week. This week was one of those weeks.

Looking back over my notes, this week has all been, more than ever, about price.

I know we talk about Bitcoin price a lot anyway, but even a cursory Google search on the subject for the period reveals almost every article being about dollar values and where it might go next. Collectively, we’re obsessed with it.

Also Read: Nigeria Has Most Bitcoin Searches on Google Globally

During a webinar I was giving this week almost all the Q&As were about price, whether we’d reached bottom and where I thought we’d go next. Those answers were long and qualifying, but in short, they stated “probably” and “upwards” (for whatever those opinions are worth).

Yet while the world obsesses over positions and portfolios, the industry builds unabated and it’s only when you step out of the office and physically join a group of focussed people who are actively working in the space that you get the sense of just how much is going on.

On Wednesday I had the pleasure of attending the Crypto AM 4th birthday event in Canary Wharf in London, even despite the dodgy trains. As always, I met some fascinating people working in different areas of the finance and crypto worlds, but they all had one thing in common – they were all excited about the projects they were working on and the future in general.

There was no focus on the Bitcoin price (except as the basis of a few self-deprecating jokes) but there was a sense of urgency that we must get this done, and done properly, as soon as possible. This, in fact, was a sentiment echoed by guest speaker Matt Hancock in a surprisingly passionate and well informed speech, a sense of which you can get from this article.

Meanwhile, the macroeconomic picture is, of course, getting worse. Discontent is running high in certain sectors and since UK inflation hit the predicted 9.1% this week, it’s clear why. There’s more to come as this author (and many others) have been predicting for some time.

Across Europe, the war in Ukraine rages on with terrible human cost as well as economic ones for millions of people. President Putin tried to put a positive spin on his country’s economic outlook this week at the St Petersburg forum, but the reality of sanctions isstarting to hit the Russian people in some unexpected ways.

Russia is, economically speaking, going to be out of the picture for many, many years aside from basic commodity exports, hydrocarbon production and some heavy industry, accelerating the gap between themselves and the rest of the world just at a time when new tech development is happening at unprecedented rates. It’s hard to see any winners from that scenario.

But whether we get bogged down on Bitcoin price, war, trains, planes or how much it costs to fill the car, make no mistake. The future is being built and it’s being built by some of the most passionate and focussed people you’ll ever meet. Have a great weekend!

This article was culled from cityam.com

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