Bitcoin hasn’t escaped the price volatility of 2022, having lost ~60% of its value year to date. But it has avoided the devastation of many other market participants. 👀 Looking back at 2022, where do you think $BTC is heading in 2023? 🚀
. It has the highest brand recognition of any project in the space and works exactly as advertised. Perhaps it does not have the bells and whistles of newer projects, but it also doesn’t have their implosions or constant network shutdowns . Amidst all the chaos in the markets this year, Bitcoin keeps relentlessly producing block after block after block. Despite some in the cryptocurrency space viewing it as "legacy tech," it remains the market leader for a reason.
Many cryptocurrency enthusiasts critical of Bitcoin’s “old fashioned” technology fail to understand that most cryptocurrency projects are parasitical of Bitcoin's pristine censorship resistance. Regulators and lawmakers realize that Bitcoin cannot be easily censored, so these projects pretend to be similar to Bitcoin and avoid scrutiny.
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