Crypto Shines at Davos: ETF Approval Attracts Fiat Capital

The Growing Presence of Bitcoin at Davos

While Davos has historically been seen as a gathering for traditional banking and finance institutions, recent years have witnessed a notable increase in the presence of representatives from the cryptocurrency industry at the conference. This year, their attendance is even more fitting, considering the recent approval of spot BTC ETFs in the United States, which is seen as a significant step towards legitimizing bitcoin for mainstream investors. This shift in tone marks a departure from the industry’s struggles in 2022, when the collapse of FTX raised doubts about the viability of cryptocurrencies and their relevance in the political and corporate landscape.