Bitcoin’s nosedive is a test of the true believers – and a defining moment for Web3 – The National

Bitcoin’s nosedive is a test of the true believers – and a defining moment for Web3 – The National

In January 2018, when I sat down to interview blockchain expert Sheila Warren in Davos during the World Economic Forum's annual meeting, the Bitcoin bubble was about to burst. It was not the first cryptocurrency crash, and certainly not the last.

At the time, Ms Warren was head of the Blockchain and Distributed Ledger Technologies practice for the World Economic Forum. Today she is chief executive officer for the Crypto Council for Innovation, an industry body working to promote the benefits of developing technologies such as the blockchain, the metaverse, digital currencies, NFTs and other innovations that are reshaping the internet as we know it.

Members of the alliance include venture capital giant Andreessen Horowitz, asset manager Fidelity Digital Assets, payments provider Block, trading network Paradigm, crypto exchanges Gemini and Coinbase, and VC Ribbit Capital.