The Bitcoin transition: How hodlers can become changemakers and drive adoption
If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin venture fund Ego Death Capital and author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future. Cointelegraph spoke to Booth to better understand and visualize the Bitcoin movement’s state in 2023.
Booth sat down to enjoy a pint and a chat about Bitcoin in Bedford, a small suburban town that has attracted Bitcoin advocates and key opinion leaders from all over the world. Booth commented on the emergence and resilience of the Bitcoin community and how people can get involved personally in the decade ahead.
Booth suggested that the Bitcoin community could usher in a fundamental change to the world if its members dedicated more of their time to the cause. He said that change could be spurred “if all of those people just said, I’m moving and spending more of my time in this to massively step-change the adoption rate.”
The Bitcoin hodlers — those that hold onto their Bitcoin in the hopes of the currency reaching mass adoption — are the backbone of Bitcoin. However, if more of those people could actively use their Bitcoin, the movement could pick up steam and reach its goal faster, Booth argues:
From simple steps like asking if merchants accept Bitcoin to businesses choosing to accept Bitcoin as a preferred means of exchange, there are certain moves that people can make to further the cause. In-person Bitcoin meetups also contribute. Booth commented on the impact of the Bitcoin-themed Real Bedford football team as a way to introduce Bitcoin to a wider audience:
Peter McCormack told Cointelegraph in a separate interview that the Bitcoin movement in 2023 covers far more than
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