The five-day World Economic Forum (WEF) conference in Davos will take place on January 15 and will focus on the theme “Rebuilding Trust”, addressing six crucial areas of economic resilience, energy transformation, globalization, productivity. artificial intelligence (AI), institution building and women’s health.
The 2024 event also marks another year of continued presence of the crypto industry at the event. In particular, in recent years, cryptocurrencies are increasingly present in finance events, seeking validation and recognition, with several projects leading discussions in various forums.
This comes after the cryptocurrency sector reached a major milestone by creating the first-ever Bitcoin spot exchange-traded fund (ETFs) approved in the United States. In line with the validation search, major crypto players will likely use the event to increase their support for the sector, building on the ETF news.
What to expect at Davos 2024
In anticipation of this year’s discussions, it should be noted that the question of regulation has always taken center stage in previous forumswith leaders pleading for the regularization of the sector.
The recent approval of the ETF is a potential indication of the sector’s consolidation into the mainstream, and it is likely to amplify the ongoing debate around regulation.
Events planned for the crypto sector will focus on the tokenization of real-world assets. On January 17, the WEF is scheduled to lead a discussion titled “The Economics of Tokenization.” The public forum will examine the central principles of tokenization and its potential impact.
Additionally, on January 15, a session will explore the use of technology to strengthen financial inclusion, with another event on January 17 focusing on the role of blockchain in financial inclusion.
Discussions on the role of crypto in payments are also planned, as well as sessions dedicated to crypto policy considerations. These sessions collectively contribute to the comprehensive exploration of the cryptocurrency landscape within the broader context of the event.
Impact of crypto presence at Davos 2024
It is worth noting that the crypto subject aims to achieve several milestones, including revitalizing its reputation, considering past high-profile incidents such as the FTX collapse saga and the challenges faced by Binance and its founder, Changpeng Zhao, in the United States.
At the same time, with major players like BlackRock (NYSE: BLACK), the world’s largest investment company, entering the crypto space, the event will likely serve as a platform to convey to world leaders that mature participants are actively involved in the sector, highlighting the seriousness and credibility of space.
In general, the crypto space enters Davos after a positive year. Assets like Bitcoin (BTC) has demonstrated resilience, growing over 150% amid challenges such as interest rate uncertainty. This positive trajectory paves the way for discussions showcasing the industry’s progress and potential.