On August 27, Madrid (Spain) was the place where the “Metaverse Day” organized by MundoCrypto was held. The venue chosen for the event was the WiZink Center, where thousands of people gathered to learn about news and trends related to blockchain technology and the metaverse from companies and leaders in the crypto sector. There, the economists Daniel Lacalle, Juan Ramón Rallo and Pablo Gil, talked about the current economic situation, crypto assets and blockchain technology. The moderation was in charge of Pilar Troncoso.
💥 We continue with the presentations!
We analyze the economic future of digital environments hand in hand with@dlacalle,@juanralloY@PabloGilTraderwith the moderation of Pilar Troncoso 🚀#MetaverseDay pic.twitter.com/Yxb4Z1ADJG
— Official Crypto World (@MundoCrypto_ES) August 27, 2022
Daniel LaCalle began by making a diagnosis of the reality after the crises, and in particular about what is happening after the difficult times of covid, as well as the economic measures that various governments have taken.
With Rallo’s intervention, the conversation turned to bitcoin and crypto assets, and there he clarified that there are differences, noting that “there is a gap between Bitcoin and other crypto assets.”
“Bitcoin is one of the few real digital assets in existence, if not the only one,” he stressed.
Rallo also forcefully expressed: “Before investing in any crypto asset (in bitcoin too), you have to ask yourself what is the flow of value that I hope it will provide. And if I don’t find any value stream, of services, maybe it’s not a good place to invest. And second, you have to think about whether I trust the issuer of the financial asset”
On the other hand, Pablo Gil agreed to warn about risks. “It is important to educate and inform yourself,” he commented.
He then made an approach linked more to the technology of crypto assets, making comparisons with technological ventures of the late nineties.
“There can’t be many experts if the assets are only a few years old,” he reflected.
Then he emphasized: “Any warning regarding the risk and working on regulated channels is important.”
In another order of things, he referred to web 3, as a stepping stone in technological changes. And in that scenario, he highlighted: “80 percent of the thousands of cryptocurrencies that exist, are going to disappear.”
“Leadership changes. We cannot think that what we have on the table today will last. There will be others,” she opined. And he recalled that behind each cryptocurrency there is a project.
“That project may or may not have a future. Some will migrate as ETH has done. There are going to be evolutions and projects that are going to die, with the cryptocurrencies that reflected those projects,” she expressed.
Finally, La Calle also spoke about cryptocurrencies and mentioned: “Cryptos are like currency startups. Most will not become cryptocurrencies. It does not mean that it has no use or validity.”
“There is no currency that survives without liquidity,” he stressed. But he clarified: “That a currency is backed by a state, it means nothing if there is no trust”, and recalled that there are countries where fiduciary money does not meet all the characteristics of a currency.
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