2024 Bitcoin Conference Highlights

Collation: Golden Finance

On July 25, 2024, the 2024 Bitcoin Conference officially opened in Nashville, and many heavyweight crypto industry figures gave speeches on the spot. Golden Finance sorted out the important content of the conference as follows.

July 25

BlackRock executives: Bitcoin and Ethereum are not competitors, but complementary

Robert Mitchnick, head of digital assets at BlackRock, said at the Bitcoin 2024 conference that despite the launch of the spot Ethereum ETF this week, it is unlikely that funds tracking other crypto assets will appear. He believes that Bitcoin and Ethereum are not competitors, but complementary. Bitcoin is a global currency alternative, while Ethereum is a technology platform. Mitchnick pointed out that although there is no completely clear regulatory guidance yet, the SEC has made it clear that it will not approve a spot Ethereum ETF with a pledge component. Mitchnick believes that crypto assets as a category will not disappear and will have more opportunities to enter the market. For example, rival VanEck was the first company to apply to launch the Solana ETF, but experts believe the ETF has little chance of being approved.

BlackRock believes that customers have "little to no interest" in cryptocurrencies other than Bitcoin (BTC) and Ethereum (ETH), and does not expect many other cryptocurrency exchange-traded funds (ETFs) to appear beyond these two core digital assets.

Writer Jimmy Song criticizes 2024 Bitcoin Conference for deviating from the spirit of Bitcoin

Writer Jimmy Song severely criticized the first-day agenda at the 2024 Bitcoin Conference in Nashville, arguing that the discussion of the banking industry, institutional investment, and U.S. exchange-traded funds that have gradually infiltrated the discussion deviated from the core value of Bitcoin. He emphasized that the greatness of Bitcoin lies in freedom, independence, and self-sovereignty, and condemned the involvement of financial institutions such as BlackRock.  

Song emphasized that Bitcoin should be away from the intervention of countries and multinational corporations. Independent media person Luke Rudkowski supports Song's point of view, believing that Bitcoin provides an opportunity for people to see the problems of government and emphasizes that its decentralized nature can help individuals become independent of national structures.

Wyoming Senator Plans to Ask the Fed to Include Bitcoin as a Strategic Reserve Asset

Wyoming Senator Cynthia Lummis plans to announce strategic Bitcoin reserve legislation at the Bitcoin Conference in Nashville, which would require the Federal Reserve to include Bitcoin as a strategic reserve asset. Lummis hopes to announce the plan before former President Trump's speech and hopes to gain his support. This legislation aims to include Bitcoin in the Federal Reserve reserves, similar to gold and foreign currencies, to stabilize the value of the US dollar.

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