This year, and every year, I have a lot to be thankful for. In 2020, I began working with CoinGeek full-time, was able to make it to both CoinGeek London and CoinGeek Live (New York), and was able to meet many of the great Bitcoin developers and supporters in the ecosystem. Many people would say that the recent increase in interest in the digital currency markets from newcomers and no-coiners has given us all a lot to be thankful for.
Since September, when the new market cycle first began, the price of Bitcoin BSV has increased by roughly 44%. However, even when there is minimal price action happening around BSV, Bitcoin supporters—unlike individuals who support other blockchains—still have a lot to be thankful for.
Several businesses are building on Bitcoin, and other blockchains do not see the same level of development activity and enterprise interest as BSV does. At both CoinGeek London and CoinGeek Live conferences, we saw several Bitcoin businesses unveil their products, projects, and plans for the future. We also saw Bitcoin businesses begin to merge and acquire, such as when Bayesian Group acquired Money Button, RelayX acquired Streamanity, and Elas Digital acquired Probatus.
All of those events gave us a good look at what’s in store for the future and happened at a time when the price of BSV was stagnant. Which is something to be thankful for because a lot of other blockchain networks have nothing to look forward to except for price action. Enterprises are not interested in using these other chains because they are plagued by high transaction fees, do not scale, and are unstable; thankfully, Bitcoin SV does not have these problems.
Thanksgiving is a day to eat ungodly amounts of food with your family, close friends, and loved ones—but it’s also a day to reflect on the things that you are thankful you have in your life. Do not forget to take a little bit of time out of the day to think about the things that you are thankful for.
Happy Thanksgiving from CoinGeek!
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.