Saylor, ChainLink, Bull Rides, Australian Crypto Convention 2023 Highlights
ACC 2023 in Melbourne – Highlights
The Australian Crypto Convention 2023, a major crypto event for the Australia-Pacific region, hosted 250 industry leaders and drew about 15,000 attendees, according to reports. Amongst well-known industry players such as CoinSpot, Bitget, Binance and 1inch network, there were also quite a few other interesting booths.
For example, New Brighton Capital (NBC) was present, a tax accounting firm which enables investors to directly invest in crypto through a self-managed super fund (SMSF). Mike White, CEO of NBC, gave a presentation and it was one of the most frequented of the whole event.
Another highlight was ‘Tapping Into Crypto,’ a podcast featuring deep dives into the crypto world. The podcast hosted by three Swyftx employees featured Samuel Yim, head of APAC & Deputy General Counsel for 1inch network and trader Jason Pizzino, amongst others. Jason from TIA Crypto, who also has a popular YouTube channel was also present and drew quite the crowd when he spoke to his subscribers and fellow investors.
Not to miss for those after some fun, was of course to partake in one of the competitions to win prizes as well as a bull ride and a Tesla and a Ferrari on display.
Michael Saylor on Bitcoin
But there were also some prolific speakers, with 139 speakers in total, there were plenty of sessions to choose from. However, the number one crowd-puller was certainly Michael Saylor. The MicroStrategy chairman attended remotely and filled the whole theatre, with people left outside, unable to enter.
Saylor spoke about the importance of choosing between Bitcoin and real estate based on personal investment goals and risk tolerance, favouring Bitcoin for its unique growth potential and scarcity. Saylor anticipates major banks adopting Bitcoin, a move signalling its integration into mainstream finance and potential to outperform traditional assets. He also predicted Bitcoin to eventually reach US$ 10 million (AU$ 15.6 million) per BTC, urging investors to continuously build their positions.
It is the frame of reference of all value and scarcity. Once you get that idea, then the logical thing to do is just to continue to sweep your cash flows into it from month to month to quarter to quarter to year to year.
ChainLink Executive on Tokenisation
Niki Ariyasinghe, Head of Business Development at Chainlink Labs spoke about the recent resurgence in blockchain interest and tokenisation, marking a shift from past challenges to renewed optimism and innovative applications in real-world asset markets. He outlined ChainLink’s crucial role in decentralised networks, particularly in addressing the Oracle problem by securely importing off-chain data onto blockchains and supplying price data across various blockchains. Ariyasinghe emphasised the value of tokenisation in enabling continuous market operations and its application in diverse sectors, underlining the significant business impact and highlighting ChainLink’s efforts in resolving blockchain interoperability challenges.
And one simple example to think of is the fact that financial markets today do not operate 24/7, 365. The Australian Stock Exchange shuts down in a particular point in time, fixed income markets shut down in Europe at a particular time and so on. And what a simple example to think of is in tokenised markets with digital assets that can trade 24/7, 365. You can imagine how this can grow the liquidity in the market, the velocity of the market and so on.