Crypto Fest 2022: Looking Up to Post-Winter Opportunities

cryptonews.com:

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The festival is set to be the largest gathering of crypto-minded experts, amateurs, and enthusiasts in Africa, to explore the technology’s impact on Web 3.0 and emerging opportunities for investors.

CAPE TOWN: 23 August 2022 – Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their doors as the size of the industry fell below USD 1 trillion – a significant decrease from just a few months prior when the industry was worth more than triple that.

While market volatility might deter some investors, those with an appetite for high-risk, high-reward innovation can see the opportunity on the horizon – and nowhere else is this greater than in Africa, where crypto transactions have increased by more than 2,500 percent over the past year, while funding for African crypto startups increased eleven-fold over this same period. Evidently, crypto is no longer a distant concept for African investors to indefinitely ignore.

Which begs the question: for how long will sceptics and technophobes continue to keep their head down?

To help seasoned investors, novel bag-holders, and no-coiners alike harness the opportunities in African crypto, Bitcoin Events is excited to announce the return of Crypto Fest 2022 – the largest gathering of crypto industry leaders, entrepreneurs and experts on the continent, taking place both virtually and in-person at the Grand Africa Café & Beach on 30 September 2022.

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