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Bitcoin Adoption in Vietnam

Croxroad

20 Apr 2025 — 5 min read

In this episode of The Bitcoin Libertarian, we dive deep into the growing Bitcoin movement in Vietnam with our guest Lukasz — a seasoned financial analyst, Bitcoin maximalist, and CFO at Orange Pill App.

From Poland to Vietnam, Lukasz brings a sharp economic lens to the table. He’s not just stacking sats — he’s writing a Bitcoin book, building financial frameworks, and running meetups in Hanoi. His story is a testament to how Bitcoin transforms lives, careers, and perspectives.

How Lukasz Got Orange-Pilled

Lukasz first heard about Bitcoin in 2012 — and like many of us, brushed it off as a scam. “It sounded like magic internet money invented by someone nobody knew,” he recalls. But years later, frustrated with underperforming traditional markets and searching for a portfolio hedge, he rediscovered Bitcoin.

In 2018, he went full-on crypto — investing in 20 different coins. That lasted just long enough for him to start asking the hard questions. “I bought Bitcoin and 19 shitcoins,” he laughs. “But once I started analyzing each one, it was clear Bitcoin was different.”

Through skin in the game and deep study — from the Bitcoin Standard to 150-year-old economic texts — Lukasz became a true Bitcoiner. And he’s been all-in ever since.

Why He’s Writing a Bitcoin Book

Lukasz is writing a new book focused on explaining Bitcoin through an economic lens — in a way that’s clear, sharp, and brutally honest.

“I don’t want to beat around the bush. I want to write something blatant, light, but packed with economic truth,” he says. The book avoids buzzwords and instead provides accessible insights into how monetary expansion and technological deflation are shaping the world.

He aims to quantify concepts like the monetary premium in real estate and stocks — and explain why Bitcoin is the logical destination for global capital.

It's for both normies and bitcoiners — especially those stuck in the middle phase, still trading or holding altcoins. “People need something digestible,” he says. “Not everyone can start with The Bitcoin Standard.”

Bitcoin in Vietnam: Myth vs Reality

Vietnam is often hailed as a crypto hotspot. Reports suggest over 20–30% of the population is involved with crypto — but Lukasz sees it differently.

“Let’s be clear — Bitcoin adoption here is tiny,” he explains. “There are maybe five places that accept Bitcoin in the entire country. Most of the so-called adoption is shitcoin activity, pyramid schemes, or local scams without even a real blockchain.”

But not all is lost. Hanoi and Saigon (Ho Chi Minh City) have small but committed Bitcoin communities, including meetups and a local Bitcoin exchange that supports cash-based trades — a lifeline in a heavily cash economy.

Lukasz himself runs aBitcoin Meetup in Hanoi, with plans to grow it to bi-weekly sessions. “We’re starting from scratch, but the people here are hungry to learn,”he says.

The Trap of Shitcoins and Trading

Lukasz also offers a fierce critique of trading and altcoin speculation. He breaks down the recent “meme coin” trend — including Argentina’s viral Libertad coin — as textbook rug pulls and insider games.

“People don’t realize — trading isn’t a hobby. It’s a full-time profession. If you’re not a pro or an insider, you’re the exit liquidity,” he says.

The better alternative? Buy Bitcoin, hold it, and live your life. “Do your job. Let Bitcoin do the saving,” he urges. “We have a savings technology — not just another stock.”

What Makes Bitcoiners Different?

Bitcoiners are wired differently. Lukasz sees this in how we handle volatility, time preference, and long-term thinking.

“Bitcoiners are builders. They’re not afraid of hard work or delayed gratification. And they’re forming a new class of people who understand money, sovereignty, and freedom,” he says.

Orange Pill App and the Power of Community

As CFO of Orange Pill App, Lukasz sees Bitcoin as more than technology — it’s a community movement. The app helps connect like-minded Bitcoiners around the world for meetups, networking, or even dating (yes, there’s been at least one marriage through the app!).

He emphasizes that in times of financial censorship, political instability, or personal crisis — having a local Bitcoin network can be a lifeline.

The Future of Bitcoin

Lukasz believes Bitcoin is already winning — but we’re still early.

“We are transitioning from a dollar standard to a Bitcoin standard. Slowly, quietly. The dollar won’t hyperinflate — it will fade like the British pound did. But Bitcoin will become the foundation of the global economy.”

He’s especially excited about developments like banks holding Bitcoin, allowing easier access to capital through collateralized BTC loans.

Conclusion

Lukasz represents a new breed of Bitcoiners — thoughtful, mission-driven, and actively shaping the future. He’s not just stacking sats or talking about price action. He’s doing the work: educating others, building local communities, and writing the kind of book that helps bridge the gap between complex economic truths and everyday understanding.

From analyzing the failures of fiat economics to organizing meetups in Hanoi, Lukasz is proof that Bitcoin isn’t just a savings technology — it’s a movement powered by individuals who care deeply about freedom, truth, and the future of money.

In a world that often feels chaotic and uncertain, Bitcoin offers clarity. And builders like Lukasz remind us that the orange-pilling mission is far from over — it’s just getting started.

“We’re not just watching the revolution — we’re living it. Bitcoin is inevitable.”

FAQs

Is Bitcoin adoption really high in Vietnam?

Not really. Reports are misleading. Most “crypto adoption” is actually shitcoin speculation and scams. True Bitcoin usage is small but growing.

What’s Lukasz’s book about?

It’s an easy-to-read, no-BS explanation of economics, monetary debasement, and why Bitcoin is the solution — written for beginners and curious bitcoiners alike.