Highlights: Consensus by CoinDesk 2021

Highlights: Consensus by CoinDesk 2021

Some notable keynote speakers included Dr. Lael Brainard , Ray Dalio , Lawrence H. Summers and Cathie Wood amongst many more. Ray Dalio gave a lot of food for thought when discussing Bitcoin and the state of crypto. He made it clear that crypto's value is something that will only grow as he stated "cash is trash“, and that "I have some bitcoin.“ Dalio is not alone in his views of the declining value of the dollar - many have started to see the value in cryptocurrency, especially during the pandemic, as it was seen as a short term solution to bolstering one's funds. "There exists the possibility that bitcoin and its competitors can fill that growing need,“ for an alternative store of value, Dalio wrote in January . Having announced his initial scepticism towards digital currency before, he is now a strong believer in it. As Dalio sees it , currency supremacy moves in three "cycles“ that may occur simultaneously: the creation of debt and financial assets; an "internal cohesiveness clash cycle“ ("as the wealth gaps grow and the value gaps grow - and political groups grow - you have a greater amount of conflict“); and the rise of