• 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, spoke about how hodlers can become changemakers and drive adoption for Bitcoin.
• He suggested that if more people dedicated their time to the cause, it could lead to a fundamental shift in the world.
• He also discussed how in-person meetups, asking merchants if they accept Bitcoin, and businesses choosing to accept Bitcoin as a preferred means of exchange can help further the cause.
The Potential Impact of Bitcoin
When you think about Bitcoin, it’s potentially one of the largest countries today. 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, told Cointelegraph that it’s digital and spread out everywhere. He believes that if more people dedicate their time to the cause, it could lead to a fundamental change in the world.
How Hodlers Can Become Changemakers
Booth suggests that if all those who are currently holding onto their Bitcoin in hopes of its mass adoption were to move and spend more time advancing its use then this could drastically accelerate its rate of adoption. Furthermore he also said that there are certain steps which people can take individually such as asking merchants whether they accept Bitcoin or businesses choosing to accept it as a preferred payment method which will contribute towards this goal.
Real Bedford Football Team Pushes Adoption
Peter McCormack’s Real Bedford football team has been used as an effective way of introducing Bitcoin into wider audiences by using sports as a vehicle for promotion. This shows how innovative methods can be used when trying to promote crypto adoption on different levels – not just through education but also through entertainment.
The Power Behind Education
Booth believes that education remains key when it comes to driving more widespread acceptance for cryptocurrency among merchants and businesses alike; however he does suggest that there should be some sort of incentive for them too so they feel comfortable making the switch away from traditional payment systems.
Ultimately Booth insists that hodlers have an important role to play in pushing forward with mainstream adoption; however they will need support from both educational initiatives alongside incentives from businesses before true mainstream acceptance is achieved across all industries.