Part 11/16:
He highlights the immense scale of remittance flows—$550 billion annually—transferred predominantly through costly middlemen like Western Union. Bitcoin's transparent, low-cost transfers could cut out these middlemen, saving billions of dollars, and enabling millions to send and receive money effortlessly.
Bitcoin’s Growth and Adoption
Andreas reflects on the rapid acceleration of bitcoin’s adoption, comparing it to early internet growth. He recalls his experiences with Linux, the web, and the internet—each initially dismissed but later transformative. Bitcoin, he argues, is already crossing critical tipping points in global adoption.