Like it or not, the world of digital currency is changing fast.
With high-tech development in ICO’s, Cryptocurrencies and Bitcoins (BTC)- the world’s first decentralized digitalized currency, virtual currencies has intrigued the world of finance and Wall Street for years. But with uncertainty in valuation (at the time of this posting, Bitcoin was trading around 7K) and the impact of regulatory agencies (SEC & CFTC) combined with scam and fraud issues, there are concerns about the future of Cryptocurrencies and will they be able to hold up to their glory of fame and fortune for investors in 2018.
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The three-day sold out conference brought in over 4K attendees including the creme-de-la creme from the world of finance, investing, startups and entrepreneurship who shared their stories about digital currencies and answered many of the questions guests had about the new and evolving virtual currencies market. Over 500 exhibitors demonstrated to attendees how their companies are using digital currencies as payment for goods and how their Bitcoin journey has been for both their company and their loyal customers.
“I recently invested in Bitcoins because I believe the future of cryptocurrencies are strong and welcoming,” said one eager conference attendee from NYC who bought his ticket months before the event.
The conference also drew international media and various business reporters who cover world currencies and stock exchanges including NYSE, TSE, FTSE and BSE.
It was exciting to see how certain purchases could only be done with Bitcoins as payment especially when it came to luxurious items.
One of the main attractions was seeing a STUNNING Lamborghini Murcielago LP640 in Tiesto Grigio color (only 1 of 7 in the entire world) was in full display outside of the conference (with security guards not to far behind) available for purchase only through Cyptocurrencies. For a mere 48 Bitcoins (roughly $358,152) this car could be yours! Now, that’s a deal!
Besides, the luxurious purchases or buying power that Bitcoin currently has, (keep checking GDAX for updates) there were some viable concerns from attendees that were expressed throughout the conference that were addressed by some of invited speakers and panelists.
Bitcoin evangelist and brilliant Charlie Schrem addressed the potential difficulties involved in opening an Bitcoin account and how the process is changing and becoming a bit more easier and also how to spot a scam before investing any money. Others spoke about the hype of the digital currency siting when Bitcoin was trading at around $1000 last year before jumping to over 19K then most recently back down to 7K. There were concerns of future investing because of the dramatic volatility in valuation.
Regardless of the hype or concern, the conference did prove something that seem to be unanimously accepted- that with strong security regulations combined with federal protections for the investors, the world of cyptocurrency can be and will be stable and will continue to thrive with excitement on the wild ride ahead in 2018!
The journey continues……
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