{"id":2883,"date":"2018-02-13T11:21:20","date_gmt":"2018-02-13T11:21:20","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=2883"},"modified":"2018-02-13T11:21:20","modified_gmt":"2018-02-13T11:21:20","slug":"wgs-2018-cryptocurrencies-are-here-to-stay","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/wgs-2018-cryptocurrencies-are-here-to-stay\/","title":{"rendered":"WGS 2018: Cryptocurrencies Are Here To Stay"},"content":{"rendered":"<blockquote>\n<div>\n<div>\n<p>&#8216;Is the Future of Cryptocurrencies Gold or Dust?&#8217; was the theme of a breakout session held on day three of the sixth World Government Summit (WGS 2018) in Dubai.<\/p>\n<p>Featuring a strong lineup of industry experts including Jesse Powell, founder and CEO of Kraken Bitcoin Exchange, Kian Lon Wong, president of\u00a0<a href=\"http:\/\/nem.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">NEM.io<\/a>, Nick Spanos, founder and CEO of Blockchain Technologies Corporation and Lawrence Wintermeyer, co-founder and principal of Elipses, the panel explored the context of cryptocurrencies and suggested possible scenarios for augmenting their use in the near future.<\/p>\n<p>Powell initiated the dialogue by addressing the recent surge in the interest around cryptocurrencies. &#8220;Positive regulatory outcomes and the media have been key influencers for the increase in the use of cryptocurrencies over last year. Any time you have a massive surge in price, inevitably there is higher media attention. We also saw more retail and institutional investors enter the space.&#8221;<\/p>\n<p>&#8220;When the prices rise, more people get interested and try to find out what they are,&#8221; added Spanos. &#8220;What cryptocurrencies are doing is establishing a certain peer-to-peer trust that did not exist before. People are enamored by the technology and have started purchasing it.&#8221;<\/p>\n<p>Spanos also rebuked criticisms that cryptocurrencies have gained from seasoned global investors. He said: &#8220;Cryptocurrency is the people&#8217;s currency of monetary independence, it is much more than a financial currency. Bitcoin is not a bubble, it is the pin that is popping the bubble of the legacy financial systems since it has been created.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2884 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/fg-1.jpg\" alt=\"\" width=\"2016\" height=\"1419\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/fg-1.jpg 2016w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/fg-1-300x211.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/fg-1-768x541.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/fg-1-1024x721.jpg 1024w\" sizes=\"auto, (max-width: 2016px) 100vw, 2016px\" \/><\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;Is the Future of Cryptocurrencies Gold or Dust?&#8217; was the theme of a breakout session held on day three of the sixth World Government Summit (WGS 2018) in Dubai. Featuring a strong lineup of industry experts including Jesse Powell, founder and CEO of Kraken Bitcoin Exchange, Kian Lon Wong, president of\u00a0NEM.io, Nick Spanos, founder and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=2883"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2883\/revisions"}],"predecessor-version":[{"id":2885,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2883\/revisions\/2885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/2884"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=2883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=2883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=2883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}