{"id":10075,"date":"2022-04-14T16:24:37","date_gmt":"2022-04-14T16:24:37","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-2022-miami-conference-recap-and-major-themes\/"},"modified":"2022-04-14T16:24:40","modified_gmt":"2022-04-14T16:24:40","slug":"bitcoin-2022-miami-conference-recap-and-major-themes","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-2022-miami-conference-recap-and-major-themes\/","title":{"rendered":"Bitcoin 2022 Miami: Conference recap and major themes"},"content":{"rendered":"
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Bitcoin (BTC) has come a long way since an obscure and esoteric white paper written by Satoshi Nakamoto was first published 13 years ago. The Bitcoin 2022 conference, sponsored by Cash App, was perhaps the largest single event for the BTC community as 30,000 attendees and exhibitors descended on Miami Beach, according to the Miami Herald.\u00a0<\/p>\n

Cointelegraph sent a contingency of journalists to experience the bullishness of Bitcoin 2022, a sentiment that was physically represented by a laser-eyed bull statue\u00a0reminiscent of the Charging Bull on Wall Street in New York City.<\/em>\u00a0Along the way, they got to interview billionaires, hedge fund managers, business leaders and analysts about all things Bitcoin. Here were some of the notable themes from the event. <\/p>\n

The Miami Bull stood outside the Miami\u00a0Beach Convention Center during the conference.<\/em><\/figcaption><\/figure>\n

Inflation<\/h3>\n

Bitcoin\u2019s role as an inflation hedge is being put to the test as consumer prices continue to rise at the fastest clip in over four decades. But according to Morgan Creek Capital founder Mark Yusko, the problem isn\u2019t inflation per se \u2014 it\u2019s currency devaluation. <\/p>\n

\u201cThis isn\u2019t inflation. This is currency devaluation,\u201d Yusko told Cointelegraph business editor Sam Bourgi in an exclusive interview, referring to the outcome of Federal Reserve policy. Although one BTC will always equal one BTC, its value in dollar terms may become less relevant over time as monetary policy continues to erode consumers\u2019 and investors\u2019 purchasing power. <\/p>\n

Noah Perlman, chief operating officer of Gemini, echoed Yusko’s sentiment and cited Gemini\u2019s 2022 Global State of Crypto report. Perlman told Cointelegraph that citizens in countries with heavily devalued currencies \u201cneed to have crypto,\u201d while in the developed world, it\u2019s often just \u201cnice to have.\u201d<\/p>\n