Mwelekeo TV recently hosted an informative discussion on cryptocurrency, blockchain, and Web3, where Nathaniel Akinniyi spoke with host Dr. Isaac Kweyu about how these technologies work and why they are attracting growing interest, especially among young people in Kenya.
Drawing from his experience in crypto trading since 2017, Nathaniel shared practical lessons about the industry and encouraged people to focus on learning before investing.
Nathaniel explained that cryptocurrency is simply digital money that exists online.
Unlike traditional currencies such as the Kenyan shilling or the US dollar, crypto can be transferred and exchanged without relying on a traditional bank to complete every transaction.
People can buy, sell, or hold these digital assets, with some using them for payments while others invest in them with the hope that their value will increase over time.
Behind cryptocurrency is blockchain technology, which Nathaniel described as a secure digital record book. Every transaction is recorded in a way that is transparent and difficult to alter, helping build trust among users.
Because copies of these records are shared across many computers instead of being stored in one place, blockchain reduces the risk of manipulation and creates a system where information can be verified more easily.
The conversation also explored the idea of Web3, which aims to create a more decentralized internet.
Instead of large companies having complete control over users’ data and online activities, Web3 promotes systems where individuals have greater ownership of their information, digital assets, and financial transactions.
Nathaniel reflected on his own journey through the crypto market, noting that he experienced both gains and losses during the early years of trading.
Today, he works in growth and business development for WAX funds, helping expand access to digital finance in emerging markets such as Kenya.
His experience has convinced him that education is more valuable than chasing quick profits.
A major concern discussed during the interview was the growing number of social media influencers who present crypto trading as an easy path to wealth.
Luxury cars, expensive holidays, and flashy lifestyles are often used to attract followers, creating the impression that anyone can become rich almost overnight.
Nathaniel warned that these images do not always tell the full story. He noted that people with genuine long-term success often avoid excessive publicity and are unlikely to rely on selling expensive courses or recruiting strangers into paid groups.
He also acknowledged that crypto trading has elements that resemble gambling because traders try to predict how millions of market participants will behave.
However, he stressed that success is not based entirely on luck. Learning fundamental analysis helps people understand how news, adoption, and real-world developments can affect prices, while technical analysis teaches traders how to study charts and identify patterns that may influence market movements.
For beginners, Nathaniel recommended starting with paper trading or demo accounts before risking real money.
These practice environments allow people to test strategies, learn from mistakes, and build confidence without putting their savings at risk.
Taking this gradual approach can help reduce costly errors and encourage more disciplined decision-making.
Throughout the discussion, Nathaniel emphasized that patience and proper understanding are the strongest foundations for anyone interested in cryptocurrency or blockchain technology.
Instead of acting out of fear of missing out or believing promises of instant riches, he encouraged people to take time to study the industry, begin with small investments if they choose to participate, and maintain a long-term perspective.
The conversation offered valuable guidance for newcomers who want to understand Bitcoin, Ethereum, and the wider Web3 ecosystem.
While the sector continues to evolve and presents exciting opportunities, Nathaniel’s message was clear: knowledge, caution, and careful planning remain the best tools for navigating the world of digital finance responsibly.
