Crypto Takes a Backseat at Web Summit 2023: Decentralize with Cointelegraph Explores
Summary:
The latest episode of "Decentralize with Cointelegraph" takes listeners to Lisbon for Web Summit 2023, a major tech event. Despite the noticeable presence of cryptocurrency, there were questions about the seriousness of the Summit towards the industry. José Artur Ribeiro, CEO of Coinext, criticized the event's minimal focus on cryptocurrency. The podcast also discusses AI overshadowing crypto as the event's buzzword and the potential impact of the impending Bitcoin Spot ETF decision on the crypto market.
In the newest installment of Decentralize with Cointelegraph, world correspondent Joe Hall escorts listeners to Lisbon, the Portuguese capital, for the bustling high-tech parade, Web Summit. The event, regarded as one of the biggest assemblies of tech enthusiasts globally, congregates cryptocurrency supporters, tech aficionados, and industry gurus to delve into current trends, predict forthcoming innovations, and exchange thoughts about the ever-changing tech sphere. While the influence of cryptocurrency was apparent during the event, questions arose regarding the extent to which the Web Summit took the industry seriously.
José Artur Ribeiro, the head of Coinext, highlighted that the emphasis of the Web Summit on cryptocurrency and Bitcoin (BTC) this year was trivial. The Brazilian Bitcoin advocate admits to Cointelegraph that upon his arrival on the crypto stage, he felt as though crypto was losing its appeal. The positioning of the crypto stage at the rear of the event fueled debates about its perceived significance. Following the event's approach, Ribeiro facetiously suggested that audience sentiment for crypto appeared to be waning.
Ribeiro alluded to the placement of the crypto stages, numbered 15 and 16, on the fringe of the vast exhibition hall, capable of housing multiple oversized jets. Despite this location, the stages saw a throng of participants during the talks. Overflowing crowds were the norm as tech entrepreneurs from across the globe gathered to express their interest in crypto. Kristina Lucrezia Corner, Cointelegraph’s chief editor, stated that AI outperformed crypto as the buzzword of the event.
Corner recalls that the metaverse was the hot topic last year with countless discussions happening in relation to practically anything, including regulations. She indicated that AI or metaverse wouldn't dominate next year's discussions, particularly with the impending decision on Bitcoin Spot ETF that could rekindle interest in crypto.
Delving further into the prospective effects of a Bitcoin Spot ETF approval, Joe and interviewees weigh up how this decision might impact the cryptocurrency market and possible future interactions with customary banking.
Join Joe in Decentralize with Cointelegraph as he walks you through Web Summit 2023, unearthing the layers of crypto's presence, perception, and potential influence on the broader technological arena. Catch the latest episode of Decentralize with Cointelegraph on Spotify, Apple Podcasts, Cointelegraph’s podcast page, and other platforms.Magazine: Terrorism & Israel-Gaza war exploited to defame crypto.
Published At
12/19/2023 4:49:16 PM
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