The World Economic Forum Has Been Taken Over By Crypto Firms Advocating Rapid Adoption.

Despite the fact that the cryptocurrency market is in turmoil, digital asset aficionados are dominating the 2022 World Economic Forum gathering in Davos, which brings together global political and corporate leaders.

Reuters reported on May 23 that cryptocurrency executives from several firms attending the World Economic Forum had taken over Davos main street to lobby for the adoption of digital assets.

Various activities, such as a free Bitcoin pizza booth and a “Liquidity Lounge,” are among the goodies provided to visitors on the margins of the event.

Several blockchain firms, such as Securrency, are driving the cryptocurrency agenda. Attending this year’s session, according to the firm’s CEO, Dan Doney, intends to develop ties and networks, as well as emphasize how to bridge the gap between emerging technology and traditional banking.

Surprisingly, Securrency set up a cryptocurrency agenda panel outside the security cordon outside the main conference center.

According to Stan Stalnaker, chief strategy officer at social network Hub Culture, 50% of Davos’ storefronts have attracted crypto and blockchain-based organizations.

Despite the fact that most cryptocurrency businesses will be on the sidelines of the event, the impact of blockchain on several global sectors will be discussed in depth.

For example, crypto industry opinion leaders such as SkyBridge Capital founder Anthony Scaramucci are anticipated to outline Bitcoin’s environmental sustainability goals. The seminar will mostly address the contentious Bitcoin carbon footprint.

Following that, the World Economic Forum will host the 5th Annual Blockchain Central Davos. Furthermore, the event will bring together professionals from the blockchain, crypto, and government sectors to explore the future of decentralized technology.

The emphasis on digital assets at the Davos summit comes at a time when the crypto market is experiencing extreme volatility, with numerous experts claiming that the sector has entered a winter season.

The International Monetary Fund cautioned during the session that the world faces a huge financial problem following WWII. As a result, the author of the personal finance book ‘Rich Dad, Poor Dad,’ Robert Kiyosaki, called for investing in gold and Bitcoin on Twitter on May 23.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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