Bitcoin Needs To Become Money Again for Widespread Adoption

Viktor Ihnatiuk, Co-Founder of Utexo and a seasoned expert in Bitcoin infrastructure, believes that Bitcoin needs to become money again. He emphasizes that Bitcoin has not been used as a medium of exchange for over a decade.

Ihnatiuk explains that while many people hold onto Bitcoin as a store of value, it is no longer being used for its original purpose: facilitating everyday transactions. This, he argues, is the key to widespread adoption and increased usability.

To achieve this goal, Utexo aims to advance private stablecoin payments on Bitcoin through their Tether-backed execution and settlement layer. By making it easier to use stablecoins with Bitcoin, Ihnatiuk hopes to enable more people to use Bitcoin as a means of payment in everyday life.