13 May CoinDesk 50: Why Bitcoin Is Still King
With so many cryptocurrencies and “blockchain solutions” it’s remarkable, yet unavoidably clear, that Bitcoin is still the most exciting project to watch in this space.
In the shadow of the coronavirus crisis, small groups of people use this censorship-resistant money to fundraise for emergency medical equipment, secure their savings and conduct international business. The godfather cryptocurrency still represents 64% of the crypto market.
Although it appears such usage is still an extreme outlier compared to speculative trading volumes, there are people who turn to bitcoin because it’s the only accessible tool that works in their particular circumstances.
This post is part of the CoinDesk 50, an annual selection of the most innovative and consequential projects in the blockchain industry. See the full list here.
Bitcoin is king because it is actually useful to people who want to do more than experiment. This cryptocurrency project isn’t run by a group of youthful…