In many ways, the event’s successes and flaws were not too dissimilar to what Bitcoin is experiencing on the global stage. Let’s start with the big themes of this year’s conference: the question every panel was focusing on answering was how can we onboard the next hundred million or the next billion users; the word heard in the convention center was education. There is a consensus that in order to take Bitcoin to the next level, educating people, institutional investors, and legislators is needed. Second to teaching people outside the crypto community was finding a way to gain momentum at the institutional level by utilizing stablecoins as a necessary intermediary step between going from fiat to bitcoin. Removing technological friction for new adopters that might not be tech-savvy or are worried about some of the complexities of wallet custody, was also in the minds of many panelists. Lastly, one thing that was clear to everyone is that the immediate future of Bitcoin is with its layer 2 protocol, the Lightning Network.
It has to be mentioned that Cash App, owned by Jack Dorsey’s Block, formerly Square, was the biggest sponsor of the event and that it had a significant number of speakers on a variety of panels but every single member of their team was enthralling.