• In 2020, Obi Nwosu predicted that Bitcoin would face attacks during the 2018-2023 period, but ultimately emerge successful.
• The Celsius bankruptcy in July was the first sign of a lack of health in the Bitcoin ecosystem.
• Real Bitcoin is flourishing in the Global South and post-Soviet regions, with new versions of frontier towns emerging to combine renewable energy, Bitcoin mining, internet connectivity and community custody.

The Bitcoin story is one of resilience, progress, and innovation. It’s been a rollercoaster ride since its inception, with numerous ups and downs, ranging from the highs of breakout prices to the lows of bear markets. In 2020, Obi Nwosu, CEO of Fedi and board member for ₿trust, predicted that Bitcoin would face attacks during the 2018-2023 period, but ultimately emerge successful by the end.

The forefront of this battle is the battle between real Bitcoin and regulated Bitcoin. Real Bitcoin is focused on the value it can bring to the world, while regulated Bitcoin is focused on price and committed to regulatory systems and adoption through speculation. The Celsius bankruptcy in July was the first sign that the ecosystem we were building was unhealthy, and sold Coinfloor in 2021 because of its dedication to trapping users in regulated Bitcoin land.

However, despite the challenges, the resilience of Bitcoin has shone through. Real Bitcoin is flourishing in the Global South and post-Soviet regions, where innovation is addressing the narrative that Bitcoin has no good use cases. New versions of frontier towns are emerging, combining renewable energy, Bitcoin mining, internet connectivity and community custody. These towns are demonstrating the potential of Bitcoin to bring true financial freedom and self-determination to people in these regions.

The future of Bitcoin is still uncertain, but its long-term potential is undeniable. As the cryptocurrency continues to progress and innovate, it will bring about a new financial system that is more decentralized, transparent, and secure. The challenges it has faced in the past have only strengthened its resolve, and it is now poised to revolutionize the world of finance.

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