The Increasing Need for Decentralized Systems with C.J. Wilson & Josh Olszewicz

Bitcoin Bottom Line

In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz delve into the recent bank closures and their impact on the crypto space. The issues raised from these closures are not unique, and people are looking for someone to blame. Olszewicz states, “I believe the FED plays a big role in this because they had to catch up after slowly raising the rate. Ultimately it's the bank's problem. It is their job to manage that risk appropriately.” People have been dependent that the FED will continue on a steady track of raising rate, but this has not been the case.

Throughout the highs and lows of Bitcoin, people have continued to show their faith and commitment to the fight for economic freedom. Public opinion of Bitcoin is at a low, with recent scandals causing hate and distrust towards crypto. Wilson describes those who have persevered through the valleys as “those who have proven their worth with strong hands is a bear market.” Now it is time for Bitcoiners to have discipline and avoid shorting during the highs. As Bitcoiners immerse themselves in the space, they grow more skeptical of traditional banks, questioning the rate of fees and if the deal is truly beneficial long term. Wilson states, “Everything is good for Bitcoin as long as it continues to function uninterrupted.”

Wilson and Olszewicz go on to discuss credit unions, the importance of financial education from a young age, and regulations. Many large corporations have begun moving offshore to countries with fewer regulations, but Wilson warns that they must plan for long-term alterations. Historically, large corporations have used this strategy successfully for years, but crypto companies have to be selective with the location to ensure they will not be suddenly changing their regulations. The likelihood of the country benefiting from growth-based crypto companies should be taken into consideration.

Listen to the full episode for more!

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