Crypto in a Bear Market: Highlights from Chicago’s Voice of Blockchain Conference

Even when a bear market reveals it enamel, the diehards present up.

That’s the lesson that Joe Hernandez, organizer of Chicago’s first-ever Voice of Blockchain convention, is taking away from the primary day of the occasion.

“Folks say that a market like this will get rid of the riffraffhowever I prefer to imagine that it actually brings collectively people who find themselves collaborating in [blockchain] know-how for a function,” mentioned Hernandez, who maybe greatest recognized in Chicago as “Disruption Joe.”

It’s been a tough time for crypto and blockchain evangelists, with the New York Occasions reporting a post-boom malaise and a 75-percent worth drop in “all excellent digital tokens” since January.

But, the Voice of Blockchain convention attracted 1600 attendees to the cavernous Pageant Corridor A at Navy Pier. The speaker record contains Matt Roszak of Bloq, Jimmy Tune of Blockchain Capital LLC, Will Munsil of Sweetbridge, Rumi Morales of Outlier Ventures and Edmund Moy, the 38th Director United States Mint. Blockchain Information is a media sponsor of the occasion, which runs Aug. 24 and 25.

The uncertainty across the future regulation in the U.S. and down-trending crypto costs solely fueled crystal-ball predictions from panelists and attendees.

“The long run of crypto is centralized and controlled if you wish to see it go to the subsequent stage,” mentioned Tone Vays of the CryptoScam podcast, in the course of the panel titled Geo-political Competitors & Cryptoasset Markets.

Sharon Burns, CEO and founder of BlockData4Good, acted as an advisor for the conference’s social good technique. BlockData4Good supplies the nonprofits with new instruments to fundraise utilizing blockchain know-how.

“The alternatives for social good are rising sooner than fintech alternatives and any of different sectors,” mentioned Burns. “The downturn in the market has not had a detrimental influence on innovation in the social good area.”

Some attendees are satisfied that market spiral is barely short-term.

“I stick round for the bear market, notably in crypto. By the point the remainder of the world figures it out, it’ll flip round,” mentioned R. Darryl Thomas, chief government “artreprenuer” at mwseq, a decentralized platform for recording artists.

“Crypto is right here to remain, prefer it or not,” he mentioned.

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