The Bitcoin Conference is open! Michael Saylor: This is the first year for mainstream adoption of BTC

This site (120bTC.coM): The three-day 2024 Bitcoin Conference officially launched on the 25th in Nashville, Tennessee. Former U.S. President Trump, independent U.S. presidential candidate Robert F. Kennedy Jr., Michael Saylor, founder of MicroStrategy, Cathie Wood, founder of Ark Investment, etc. will all attend the conference and deliver speeches.

Trump, who has publicly supported Bitcoin and cryptocurrency several times, will give a speech on the 27th. It is widely rumored that he will announce that Bitcoin will be used as a strategic reserve asset of the United States, which is expected to have a positive impact on Bitcoin. Who were the guests present on the first day and what topics were they mainly talking about?

Bitcoin and Lightning Network are still hopes for the retail banking industry

Cointelegraph reported that first, Lightspark Chief Strategy Officer Christian Catalini and Xapo Bank Director of Public Affairs, Policy and Regulation Joey Garcia discussed the impact of Bitcoin and Lightning Network on retail banking business , Christian Catalini emphasized that since its birth, Bitcoin has allowed users to seamlessly transfer value in more than 200 countries and regions around the world: 24 hours a day, extremely liquid, and there is only one asset, that is Bitcoin, which There are clear regulations and there are deposit and withdrawal channels in almost every country in the world.

BlackRock’s clients are mainly interested in BTC and ETH

Then Michael Mitchnick, BlackRock’s head of digital assets, discussed with Bloomberg ETF analyst James Seyffart that BlackRock will launch Bitcoin and Ethereum spot ETFs in 2024 Regarding the move to enter the cryptocurrency field, Michael Mitchnick said: I want to talk about the current stage of our customers. Their interest is mainly focused on Bitcoin. Of course, they are also interested in Ethereum, but currently they are not interested in these two products. Very little interest.

Michael Mitchnick pointed out that when spot ETFs were launched, direct investors drove demand, and BlackRock’s wealth consulting and institutional investors were still gaining momentum.

Jimmy Song criticizes conferences, dissatisfaction focuses on traditional finance and ETFs

Bitcoin developer and advocate Jimmy Song participated in a panel discussion with former mixed martial arts champion Ben Askren titled "Making American Bitcoin Great Again" Uncompromising in his views, he blasted the involvement of traditional financial institutions such as BlackRock and the focus on banks, trading and ETFs.

Jimmy Song said that the greatness of Bitcoin lies in freedom and autonomy. These are the foundations on which the United States was founded. Unfortunately, due to money and the power of the money printing press, what people get is an administrative state that rules the people. They think they Being better than the people, these underlying factors represent the interests of the rent-seeking class and the administrative state, and are antithetical to the ideals of freedom and autonomy: I hate that the Bitcoin conference talks about this. Banks, ETFs, BlackRock, these are not my values, they are not Bitcoin’s values, and they are not American values.

Michael Saylor: This year is the first year of mainstream adoption of Bitcoin

Michael Saylor said that 2024 will be the "first year of mainstream institutional adoption of Bitcoin." He revealed that he continued to receive calls from CEOs of listed companies and institutions, and they expressed their concerns about him. is interested in the Bitcoin-first investment strategy that was first proposed, and he also hinted that the presence of the two presidential candidates and other friendly senators at the conference may be beneficial to Bitcoin: I think Bitcoin will usher in a tailwind no matter what. , I really think that no future government will not accept Bitcoin. The question is not whether future governments will support Bitcoin, but how aggressively they will act, and whether they will act quickly or more cautiously.

Michael Saylor said that the cryptocurrency industry passed a turning point in January this year, and Bitcoin has clearly become an institutional-grade digital asset. As BlackRock CEO Larry Fink said, Bitcoin has a place in every investment portfolio. , with huge global appeal, Bitcoin is unique and the world will need it more.

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