Bitcoin Advocate and Nigerian native Femi Longe recently offered a compelling perspective that could change how we view Bitcoin’s value. Longe’s insight centers around the idea of earning and using Bitcoin in daily transactions, rather than merely viewing it as an investment to be valued in terms of U.S. dollars.

“I believe you’d be less concerned about volatility if you earned your Bitcoin rather than buy it. Because volatility is the price of Bitcoin versus the U.S. Dollars. Well, you’re only looking at it in U.S. Dollars because you bought it in U.S. Dollars. But if you deliver the service with the skills that you already have and you get paid in sats, And you speak to someone and that person provides a service to you and you pay that person in Sats, you’re less concerned about what was the value of sats when i got it… But for that to happen, real world applications that solve people’s lives need to have the option for people to spend sats.”

Longe’s statement challenges the conventional approach to Bitcoin, suggesting a shift from acquiring Bitcoin as an asset to using it as a currency in everyday transactions. This approach could potentially reduce the anxiety associated with its volatility, as users would focus more on Bitcoin’s utility rather than its fluctuating exchange rate against the dollar. It underscores the need for real-world applications and services that accept Bitcoin, facilitating a seamless integration of cryptocurrency into daily life.

Longe’s perspective offers a fresh lens through which Bitcoin’s volatility can be understood and navigated. By earning and spending Bitcoin in everyday life, users can potentially mitigate their concerns about its value fluctuations and focus more on its role as a versatile, practical currency. This approach could lead to broader adoption and integration of Bitcoin into the global economy, redefining its role beyond just an investment asset.

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