Alex Adelman – the founder and CEO of the bitcoin platform Lolli – sat down to discuss the state of the bitcoin industry. He talked about the recent rallies and how people can earn bitcoins while shopping.
Alex Adelman talks about cryptocurrencies
Speaking about how his own company fared during the recent incident, Adelman said:
People right now are looking to save money wherever they can. We have created the simplest way for them to save money in the form of bitcoin. Hence, we have partnered with over 1,000 merchants that allow you to go both in-store and online to earn bitcoins on your daily purchases. So, for the past four years, we’ve made it as easy as possible for people to get into bitcoin. Now we are talking about all the institutions coming up and we have tried to give everyone an advantage. Now the institutions are coming and people need to stock up, I think.
Regarding the traffic his app saw, Adelman responded with:
So, I think, unfortunately, a lot of people invest the wrong way. They invest up and down, but forget, like, to invest in the average dollar cost, and so, you know, generally speaking, it’s smart to invest down and up if you believe in technology and assets.
At the same time, he was quick to say that he believes the technology behind bitcoin is stronger than ever, and is confident the space will last for a long time. He stated:
I personally believe in bitcoin. I think it’s a huge piece of the future. It connects 4.5 billion people with the same resource, the same technology, and therefore it goes nowhere, so if you believe in technology, these things that have happened in the last 13 years that have made the price go up and down make no sense. The technology is exactly the same as before. It is doing exactly the same thing [it] he was promised to do, and he’s as powerful as ever.
Make things easy
Adelman was also quick to say that his platform not only allows people to earn cryptocurrency rewards, but it does so easily. He commented:
It’s that simple. I mean, one thing I’ve talked about is we’re trying to make it easier for consumers to get into bitcoin and we have. It takes 30 seconds. You start earning in no time. The thing that we, somehow not obvious, is that we have also created the simplest way for traders to get on board. So, if you look at all of our 1,000+ merchants, there are less than ten, not ten percent, less than ten accept cryptocurrency. So, for many of them, we are the first cryptocurrency company they have ever worked with.