Alex Adelman on Cryptocurrency

The founder and current CEO of the bitcoin platform Lolli, Alex Adelman, took some time to sit down and talk about the current condition of the cryptocurrency sector. He discussed recent rallies as well as ways that people might earn bitcoin while they are shopping.

Alex Adelman Discusses Crypto

Adelman made the following statement regarding the performance of his own company over the most recent economic downturn:

Right now, everyone is searching for ways to cut costs and save money wherever they can. We have made it possible for people to put away money in the form of bitcoin in the simplest method possible. As a result, we have worked with over 1,000 retailers to provide you with the ability to earn bitcoin back on your everyday purchases, and you can do it either in-store or online. Consequently, throughout the course of the past four years, we have simplified the process of getting started with bitcoin as much as is humanly possible. Now that we’ve gotten that out of the way, let’s talk about all the new institutions that are joining, and how we tried to get everyone a head start. I believe that folks should begin to stock up now because the institutions are on their way.

Adelman’s response, in reference to the traffic that his app has seen, was as follows:

Therefore, in my opinion, a large number of people, unfortunately, invest in the incorrect approach. They invest on the way up and at the top, but they forget about dollar cost average investing. Because of this, you should know that it is normally beneficial to go participate on the way down as well as on the way up if you believe in the technologies and the asset.

At the same time, he was quick to state that he feels the technology that underpins bitcoin is as robust as it has ever been, and that he is convinced the field is going to be around for quite some time. He remarked that

Bitcoin is something that I personally believe in. I feel that it will play a significant role in the future. If you believe in the technology, the events that have occurred over the past 13 years that have caused the price to go up and down are meaningless because it connects 4.5 billion people to the same asset, which is the same technology. Since it is not going anywhere, and since it connects 4.5 billion people to the same technology, it is not going anywhere. The technology remains unchanged from what it was in any way. It is accomplishing precisely what was claimed it would, and it is every bit as potent as it was when it was first introduced.

Making Things Easy

Adelman was eager to point out that his platform not only gives users the ability to earn cryptocurrency rewards but also does so in a straightforward manner. The following are his comments:

It couldn’t be much easier. I mean, one thing that I’ve talked about is how we’re trying to make it the easiest method for consumers to get into bitcoin, and we’ve actually done that. It takes around a minute and a half. You won’t have to wait long to start making money. The thing that we have done, which may not be immediately clear, is that we have also developed the simplest manner possible for merchants to join in as well. If you take a look at all of our merchants, there are over a thousand of them, and less than ten of them accept cryptocurrencies. That’s not ten percent; it’s less than ten merchants. Therefore, for the most majority of them, we are the very first cryptocurrency company that they have ever collaborated with.