Day 2 of Bitcoin 2021 in Miami: Updates from the Industry’s Most Influential Speakers

The largest bitcoin conference ever held continued on Saturday. Here’s an overview of what you may have missed.

Some of the most influential cryptocurrency figures made headlines on day two of the Bitcoin 2021 conference in Miami, offering words of wisdom on the future of decentralization, property rights, and financial inclusion.

The second day began with a panel discussion on the macro picture surrounding bitcoin, with Morgan Creek founder Mark Yusko focusing on the damage being done to the dollar by the Federal Reserve’s endless money printing. Thirty-nine percent of the dollar was created in the last 12 months,” he said, adding that the dollar is “the biggest junk currency.

Following a heated panel discussion around Bitcoin and monetary policy, legendary skateboarder Tony Hawk discussed what happens when a counter-culture becomes mainstream. He said of Bitcoin: It’s very fast, it’s international, and for me, it’s the future of finance. I did buy bitcoin in 2012.

“Tony Hawk Professional Holder” – @tonyhawk

-Cointelegraph (@Cointelegraph) June 5, 2021
Hawk then showed off some of his legendary skills on the U-shaped field.

Bitcoin and skateboarding could be a cool combination, and Tony Hawk took the crowd outside to show off some of his skills at the “Bitcoin 2021 Conference in Miami”.
-Cointelegraph (@Cointelegraph) June 5, 2021
The “Satoshi Nakamoto Stage” also featured a panel discussion titled “The Ethical Case for Bitcoin,” where investor, educator and prominent Texan Jimmy Song spoke about the importance of property rights. “The right to property is the most basic human right …… Without the right to property there are no other rights.”

“The right to property is the most basic human right …… Without property rights there are no other rights.”
-Jimmy Song #Bitcoin2021

Exploring the ethical case for bitcoin with @GuyHirsch, @Breedlove22, @jimmysong, and @TheCryptoconomy.

-Cointelegraph (@Cointelegraph) June 5, 2021
Earlier in the afternoon, Lightning Lab co-founder Elizabeth Stark and noted macro analyst Lynn Alden shared a conversation titled “Bitcoin for Billions, Not Billionaires”.

Stark said, “There are billions of people in the world who don’t have access to financial services. Bitcoin is very important,” adding.

“We’ve heard a lot of bad news about Bitcoin, but I’m really concerned about bringing this technology to people who may not be allowed to use Twitter, and who don’t even speak English!”
Alden said, “Every ten years or so, there’s a new victim of government debt,” adding that we should focus more on the use cases of bitcoin than just its investment potential.

” …… Bitcoin as an asset, Bitcoin as a means of storage, but we should focus on its use cases.” -@LynAldenContact

-Cointelegraph (@Cointelegraph) June 5, 2021
Making Bitcoin Infrastructure Ubiquitous was the next topic on the “Satoshi Nakamoto Stage” with Galaxy Digital CEO Mike Novogratz and Paxos co-founder Charles Cascarilla.

Bitcoin is already the most widely held asset outside of the U.S. dollar,” Novogratz said. He added that he is “very optimistic” about institutional adoption of cryptocurrencies.

“I’m very optimistic about what’s happening [with institutional adoption]. It’s going to take time, but I’m bullish on the space.” – @novogratz

-Cointelegraph (@Cointelegraph) June 5, 2021
Cascarilla talked about the “incredible possibilities” for bitcoin, beyond just price increases.

“There are incredible possibilities for what bitcoin can do, and it’s just getting started. Don’t focus on the short-term price, think about what the long-term impact might be.” -Charles Cascarilla
-Cointelegraph (@Cointelegraph) June 5, 2021
The “Green Energy Stage” hosted by angel investor Steve Lee and Bitcoin Magazine technical editor Aaron van Wirdum had an unexpected interruption when a DOGE supporter stormed the stage.

And now, a very unexpected DOGE announcement

  • Cointelegraph (@Cointelegraph) June 5, 2021
Day 2 of Bitcoin 2021 in Miami: Updates from the Industry's Most Influential Speakers

The final panel of the day featured Caitlin Long of Avanti, Erik Voorhees, founder of ShapeShift, Sam Bankman-Fried of Alameda Research, and Yoni Assia, founder and CEO of eToro. The discussion titled “The Evolution of Exchanges” had a few notable quotes.

“Satoshi Nakamoto didn’t create anything leveraged and really doesn’t care about liquidity.” – @CaitlinLong

  • Cointelegraph (@Cointelegraph) June 5, 2021

“Most bitcoin investors (on eToro) invest because they believe in something. Most of our clients have never traded on the blockchain. Most people find it difficult.” – @yoniassia

  • Cointelegraph (@Cointelegraph) June 5, 2021
    Perhaps the most notable presentation of the day was by Zap CEO Jack Mallers, titled “One Small Step for Bitcoin, One Giant Step for Humanity”. In that speech, Salvadoran President Nayib Bukele declared bitcoin a “fiat currency” in El Salvador, adding that the adoption of the digital currency would help boost employment.

“Bitcoin is now legal tender in El Salvador. This will increase employment opportunities in El Salvador.” -Nayib Bukele, President of El Salvador

Countries are waking up. This is just the beginning.
-Cointelegraph (@Cointelegraph) June 5, 2021

Posted by:CoinYuppie,Reprinted with attribution to:
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