Bitcoin 2021 Conference and the new digital frontier for crypto assets — Gerard Peters
MIAMI — Cryptocurrency is no longer hype but a sign of the times. Digital currency is fast gaining mainstream acceptance.
The city of Miami’s newly minted status as the ‘’capital of capital ‘’ went full crypto at the recently concluded Bitcoin 2021.
Bitcoin ATMs dotted the Wynwood neighborhood.
A cryptocurrency exchange called FTX bought the naming rights to the Miami Heat’s arena.
Miami’s mayor, Francis Suarez, announced the city would accept tax payments in cryptocurrency, pay employees in digital currency and explore holding digital currency on its balance sheet.
In a video broadcast at the Bitcoin 2021 Conference, the president of El Salvador, Nayib Bukele, announced a partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology, making it the world’s first country to adopt Bitcoin as legal tender.
At the same time, tech giant Google announced that it will accept advertisements of exchanges and digital wallets targetting US consumers on its platform from August 3 this year. China’s plans to create a digital Yuan by the 2022 Winter Olympics. US senator Lummis urged U.S. politicians to “catch up.”
She emphasized “We have to teach our colleagues about digital currency, what its advantages are, why it will keep the U.S. dollar the world reserve currency and why it’s important that we have Bitcoin underpinning the U.S. dollar as a store of value, just like gold used to be,” she said. “…I’m hopeful that Congress will respond in a way that keeps us competitive around the globe and keep us the currency that you want to hold if you’re in Venezuela or China.
Sen Lummis added that the beauty of Bitcoin is that anyone with a “cellphone” can be their “own banker.”
“That is one of the great egalitarian things about Bitcoin that I’m so excited about,” she said.
The senator is now trying to create a financial innovation caucus to bring attention to the topic of cryptocurrency on Capitol Hill.
Since early 2021, Bitcoin has been on a wild ride. It skyrocketed to a high of $64,000 in April before a dramatic plunge to $35,000. Bitcoiners are unfazed, they are BTD( buying the dip). Wall Street bankers, institutional investors, bitcoiners et al.
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The QuantifAI SMA
Peters structured QuantifAI to be accessible to as many qualifying entities. To this end, QuantifAI provides crypto investment services in the form of SMAs( Separately Managed Accounts ).
The SMA structure allows investors to maintain full custody and ownership of their Bitcoins and all digital assets and employ a service provider to manage their accounts.
As a crypto service provider, QuantifAI gives investors the following benefits for their accounts:
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- Transparency — Investors can view the live stream of account trading activity at any time 24/7
- Non — intrusive — Most institutional firms can participate. The conventional process of allocations may be difficult as funds often have allocation restrictions in mandates from their LPs.
An SMA structure allows for most institutional structures to access the QuantifAI system with ease. Making Bitcoin and crypto transactions accessible is the mantra of the tech giants at the Bitcoin 2021 conference.
Twitter CEO and Square founder Jack Dorsey personally endorsed bitcoin at Bitcoin 2021. He says: “If I were not at Square or Twitter, I would be working on Bitcoin,” Dorsey said during the conference. “…Whatever I can do, whatever my companies can do to make Bitcoin accessible to everyone, that is what I will do for the rest of my life.”
Dorsey said he has bought more than $200million in Bitcoin through Square since October 2020. He believes Bitcoin, in particular, is going to be used by “more and more people” in years to come. He added people worldwide will need to “transact” with Bitcoin “every day” in the future.
Tony Hawk and the Winklevoss brothers — Crypto investment in action
Pro skateboarder and early Bitcoin investor Tony Hawk was a star attraction at Bitcoin 2021.
Hawk, 52, told conference attendees that his interest in Bitcoin was piqued when news circulated about the “Silk Road,” a dark web marketplace that allowed users to trade Bitcoin for drugs online. In 2013, Federal officials shut down the digital marketplace.
“I was fascinated with the payment program they had…There was an anonymous side to it, but also just the idea that it was very fast, it was international and it seemed like that, to me, was the future of finances. So I immediately researched, ‘How do I buy Bitcoin?’ I wasn’t on Silk Road but I did buy Bitcoin in 2012.” Hawk also announced he would be selling a video clip of him performing the “Ollie 540” skating trick, as a non-fungible token using the Ethereum blockchain technology
“In 1989 I started trying Ollie 540’s like a joke since it seemed there was no way to keep a skateboard on your feet throughout and a half spins in the air. But at some point I started scooping the tail with my back toe, which kept my feet in place for most of the spin,” he wrote in a March 17 Instagram post. “…Today I decided to do this trick one more time and never again,” Hawk added that the clip would be sold as an NTF via Ethernity Chain, a fast-growing, blockchain-based NTF trading platform.
Another star attraction at Bitcoin 2021, the Winklevoss twin brothers were among the first to get into cryptocurrency. They are now 39 years and worth a combined $6 billion. They liken bitcoin to gold 2.0. Tyler Winklevoss said “ It will disrupt gold, so its market cap has to be $10 trillion or more because that’s the market cap of gold. Bitcoin is hovering around $1 trillion, we think conservatively it’s at least 10x from here. Even at $35,000, it feels like a really good buying opportunity long-term.
At a $10 trillion market cap, we think one bitcoin will be worth $500,000 and we think that could happen inside this decade we are HODLers until at least $500 000 “.
The world’s brightest and forward thinkers at Bitcoin 2021 look set to revolutionize the global financial system and how we invest in the new digital age.
