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⚡Bitcoin Adoption in Vietnam🇻🇳

Croxroad

20 Apr 2025 — 4 min read

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🤱 Bitcoin, Not Crypto

From Poland to the bustling streets of Hanoi, Lukasz’s journey is more than just a relocation—it's a mission. A seasoned financial analyst turned Bitcoin maximalist, he’s now the CFO of Orange Pill App and a driving force behind Vietnam’s grassroots Bitcoin movement. While headlines tout Vietnam as a crypto hotspot, Lukasz offers a sharp correction: “Most of what people call adoption here is just hype — scams, shitcoins, and short-term greed. Real Bitcoin usage is rare but quietly growing.” Through local meetups and cash-based exchanges, he’s working to change that narrative from the ground up.

Lukasz didn’t always see Bitcoin this way. Like many, he dismissed it in 2012, dabbled in altcoins in 2018, and only found clarity after digging deep into monetary history and economic theory. That journey pushed him to write a new kind of Bitcoin book — one that cuts through the buzzwords and exposes fiat flaws with blunt honesty. He wants to arm both beginners and skeptical investors with something digestible, truthful, and rooted in hard economics. His critique of trading culture and meme coins is just as direct: “If you’re not a pro or insider, you’re the exit liquidity.” For him, Bitcoin isn’t a get-rich-quick scheme — it’s a lifeboat in a crumbling financial system.

Now based in Hanoi, Lukasz spends his time building community, spreading financial literacy, and helping others navigate the noise. Whether through the Orange Pill App or his local meetups, he sees Bitcoin as more than code or currency — it’s a rebellion against decay, a path to sovereignty, and a quiet but powerful revolution. And he’s all in.

🍢 Bitwise CEO

Bitcoin has officially crossed the threshold from niche asset to institutional staple, according to Bitwise CEO Hunter Horsley. With the approval of spot Bitcoin ETFs and a significant shift in sentiment among traditional financial players, the narrative around Bitcoin is no longer one of speculation—it’s about serious allocation. Horsley notes that major wealth platforms, asset managers, and advisors are not only researching Bitcoin, but actively integrating it into their portfolios. “We are no longer waiting for institutions to arrive—they’re already here,” he emphasizes. The numbers support this, with Bitwise itself seeing record inflows and heightened interest from firms managing billions.

This institutional embrace marks a pivotal shift in Bitcoin’s lifecycle. What was once a fringe digital asset discussed in cypherpunk forums is now being evaluated by portfolio managers in boardrooms. The ETF approval was just the spark—now the infrastructure, education, and regulatory clarity are aligning. For Horsley, this is more than a milestone; it's the start of a new chapter. He points out that institutions aren’t merely dipping their toes—they’re preparing to make Bitcoin a core holding over the next few years, especially as inflation concerns and monetary policy shifts challenge the stability of fiat-heavy portfolios.

“Bitcoin is no longer a bet on what could be—it’s becoming a hedge against what already is,” Horsley says. The implications are massive. As institutions continue to scale in, retail investors may no longer be the early adopters—they’ll be the ones catching up. The dynamics of demand are changing, and with a fixed supply, the economic pressure on Bitcoin’s price could intensify. For Horsley and Bitwise, the mission now is to help institutions allocate wisely, responsibly, and with long-term conviction. The mainstream era isn’t coming. It’s here.

😳 The First Bitcoin Faucet Gave Away 5 BTC for Free

In 2010, developer Gavin Andresen launched a Bitcoin faucet that gave away 5 BTC per visitor to promote adoption. At the time, that was worth less than a dollar—but today, each of those giveaways would be worth hundreds of thousands.