The World Economic Forum (WEF) is currently holding its Annual Meeting 2022 in the Swiss ski resort town of Davos from May 22 to May 26, and the key takeaway from the meeting so far has been the significant influx of crypto crowd in the same. A free bitcoin pizza stall commemorating the Bitcoin Pizza Day and a “Liquidity Lounge” were among the offerings.
Crypto crowd takes over Davos
At the WEF Annual Meeting at Davos, blockchain and cryptocurrency firms took over the streets, as noted by Reuters. Despite the recent crash in the prices of cryptocurrencies, the enthusiasm of Bitcoin investors hasn’t died. Reportedly, executives from major crypto firms arrived at the Annual Meeting to grow their network and business partners. Securrency Inc, a digital market infrastructure backed by Abu Dhabi, arrived at Davos for the first time to do the same. Just outside the cordon for the main conference center, Securrency had set up its own agenda of panels on digital currency.
The firm behind the biggest stablecoin in the crypto space, USDT, Tether was also present and offered passers-by free slices of pizza to celebrate Bitcoin Pizza Day on May 22. Bitcoin Pizza Day is celebrated to commemorate the first physical transaction done using BTC.
“We’re used to this, and as the market gets bigger, the peaks and valleys will be smoother,” said Cliff Sarkin, chief operating officer of CasperLabs, a provider of blockchain technology to businesses, while talking about the recent market crash.
Comments on LUNA
The CEO and co-founder of Circle Internet Financial, the firm behind another major stablecoin called USDC, was also present at Davos, wherein she commented on the Terra crash that shocked the world and attracted significant heat from regulatory authorities as well.
“What surprised me was just how fast it completely imploded into nothing,” Allaire said. “To see something that seemed like an apparent, high growth competitive thing just completely implode to zero in 72 hours, I’ve have never seen anything like that,” he told Reuters.
