What is the future of cryptocurrency? A crystal ball could have saved investors from big losses over the past year as the market fell $2 trillion from its peak in November 2021 to its current valuation. But as some crypto lending platforms and hedge funds file for bankruptcy, others are celebrating new funding and acquisitions.
How can market analysts form a long-term view of blockchain technology amid such contrasting fortunes?
The answer is that even the most educated cryptography experts project possibilities rather than chart concrete paths. The industry is still in its infancy and blockchain has yet to clearly define its function. However, most agree that technology will influence the future of enterprise technology.
On July 29, a select consortium of cryptocurrency and blockchain experts will come together to discuss the future of cryptocurrency at the Monaco Crypto Summit event. TheCUBE, SiliconANGLE Media’s live streaming studio, will be there, bringing our community the latest insights into the high-stakes world of digital finance. (*Disclosure below.)
TheCUBE examines the diverse and differentiated world of decentralized currency
At one end of the crypto-prediction scale are the bitcoin maximalist devotees who await the arrival of hyperbitcoinization. On the other, researchers such as Nassim Nicholas Taleb, Distinguished Professor of Risk Engineering at NYU’s Tandon School of Engineering and Scientific Advisor to Universa Investments LP. Taleb reversed his pro-crypto stance when he published an article stating that bitcoin “does not even remotely provide a safe haven for one’s investments, a shield against government tyranny, or a vehicle of protection against catastrophic episodes.” “.
Then there’s the common ground: understanding that while individual cryptocurrencies and other trendy technologies, such as non-fungible tokens, might be here today and gone tomorrow, the technology on which they exist – the blockchain – has a potential that is not yet fully understood.
“Remember: Not all crypto products are purely financial; many are more consumer-oriented products, like systems for coordinating group decisions or managing event tickets,” said Scott Duke Kominers, Professor of business administration at Harvard Business School and a research economist for the National Bureau of Economic Research, speaking in an interview with the Harvard Gazette.
Kominers stated his long-term view that blockchain holds “true fundamental technology value”…once the market figures out how to do it securely.
According to Jake Ryan, Founder and Chief Information Officer of Tradecraft Capital LLC and author of “Crypto Asset Investing in the Age of Autonomy.
“[Cryptocurrency] allows us to process and transfer economic value without human intervention. This technology will fuel the need for businesses to create autonomous operations,” Ryan said in a LinkedIn post.
Adam Samson, Financial Times Markets News Editor, sees potential for blockchain-based products “that make business and financial processes more efficient and transparent.” In a Q&A session published in the Financial Times on July 20, Samson cites as an example the UK asset management industry’s proposal to tokenize coins to reduce back-office costs and usage by JPMorgan Chase. & Co. of blockchain technology. for intraday repurchase agreements.
Be on the lookout for big news and big names at the Monaco Crypto Summit
The theme of the Monaco Crypto Summit, sponsored by DigitalBits Foundation, is the future of cryptocurrency. The event is expected to create plenty of crypto buzz for theCUBE industry analysts to dissect. Speakers at the event include Al Burgio, Founder of DigitalBits; Brittany Kaiser, co-founder of Own Your Data Foundation; Dustin Plantholt of Forbes Monaco; Kory Hoang, founder and CEO of Stably; Lauren Bissel, Founder and CEO of Immutable Industries; Bryan Talebi, Founder and CEO of Ahura AI, and many more.
DigitalBits’ Burgio posted a recent community update, stating, “Some confidential material under development is due to be released on July 29th. … These elements are an integral part of the future journey of DigitalBits.
Other announcements theCUBE will discuss with guests include how blockchain technology is supporting growing ecosystems around DevOps, IT, and the global economy; Web3 developments; new partnerships, products and future projects; and how the evolution of blockchain could revolutionize the underlying infrastructure of enterprise technology.
His Serene Highness Prince Albert II of Monaco will be one of the special guests and speakers for the evening, according to an announcement from the Grimaldi Forum center in Monaco, which is hosting the event. For those more interested in pop culture royalty, DigitalBits is home to digital banking platform and payments network Zytara Inc., which is represented by soccer legend David Beckham and lists music producer deadmau5, Italian sports team AS Roma and eSports. the Dignitas organization among its partners.
With so many big names associated with the cryptocurrency community, who knows who might appear on theCUBE’s livestream set? What theCUBE can guarantee for the Monaco Crypto Summit on July 29 is our signature in-depth analysis as we discuss the latest news and emerging trends in cryptocurrency and blockchain.
TheCUBE Event Live Stream
Don’t miss theCUBE’s coverage of the Monaco Crypto Summit on July 29. Plus, you can watch theCUBE’s on-demand coverage of the event after the live event.
How to watch theCUBE interviews
We offer you different ways to watch theCUBE’s Monaco Crypto Summit coverage, including theCUBE’s dedicated website and YouTube channel. You can also get all of this year’s event coverage on SiliconANGLE.
TheCUBE Insights Podcast
SiliconANGLE also offers podcasts of archived interview sessions, available on iTunes, Stitcher and Spotify, for you to enjoy on the go.
SiliconANGLE also offers in-depth analyst insights in our Breaking Analysis podcast, available on iTunes, Stitcher and Spotify.
Stay tuned for a full list of expert guests theCUBE analysts will be talking to at the Monaco Crypto Summit.
(*Disclosure: TheCUBE is a paid media partner for the Monaco Crypto Summit event. Neither DigitalBits, theCUBE’s event coverage sponsor, nor the other sponsors have editorial control over theCUBE or SiliconANGLE content.)