The recently concluded WOW Summit Hong Kong 2024 (March 26-27) emerged as a resounding success, solidifying its place as a premier global Web3 event. WOW Summit Hong Kong brought together blockchain luminaries, industry leaders, and the future architects of the digital asset space from over 30 countries, showcasing the industry's energy and innovation. The summit's location in Hong Kong, Asia’s fintech hub, emphasized the growing role of digital assets in the global financial landscape. Attendees experienced an expansive range of activities, including panel discussions, side events, and exclusive networking opportunities.

WOW Summit Hong Kong boasted an exceptional lineup of speakers, featuring heavyweights like Sebastien Borget, Co-founder and COO of The Sandbox; Yat Siu, Chairman and Co-founder, Animoca Brands, Joseph Chan, Under Secretary for Financial Services and the Treasury, The Government of Hong Kong SAR; John Cahill, COO, Asia, Galaxy Digital, Stacey-Ann Pearson, Head of Web3 - APAC, AWS; Bugra Celik, Director, Digital Assets, Global Private Banking and Wealth, HSBC. Their presence, alongside other esteemed figures, fostered a dynamic exchange of ideas and unparalleled insights.\
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Sotheby's wowed attendees with a captivating digital art exhibition VENET EVENT (2024) – an exclusive, never-before-seen collection of 500 generative artworks by the esteemed conceptual artist Bernar Venet. Each piece is a testament to Venet’s visionary prowess and promises to captivate art enthusiasts worldwide. The highly anticipated release and public sales of this collection are scheduled for this June promising an unparalleled opportunity for collectors to acquire truly unique masterpieces.

Viola Lukács, Digital art expert and Founder of Violuk Projects, introduced Bernar Venet’s six-decade exploration across diverse mediums, including sculpture, painting, and even sound, and how EVENT (2024) delves into the fascinating interplay of chance and unpredictability within the digital realm. Viola said: “Blockchain emerges as a medium for pushing the frontiers of art, offering dynamic platforms for the cultivation of generative art. Concurrently, the advent of web3 technologies heralds a transformative era in art presentation and distribution, amplifying both scalability and accessibility on a global spectrum. Within this landscape of innovation, WOW Summit Hong Kong 2024 emerges as a pivotal nexus, bridging the realms of art and technology, fostering a rich tapestry of cross-pollination and inspiring dialogue.”

Celebrating the event’s massive success, Ivan V. Ivanov, Global CEO, WOW Summit, said, “We were thrilled to have had this expanding, impressive roster of speakers and sponsors for WOW Summit Hong Kong, accompanied by extensive international media attention. The response has been unanimous – Asia stands at the forefront of innovation in digital assets and Web3, with WOW Summit emerging as the premier platform for the global ecosystem to converge. The overall traction for the event has been extraordinary with several side events. We couldn't be more excited for what's to come.”

The meticulously curated agenda offered attendees a comprehensive exploration of the ever-evolving blockchain landscape. Panels and keynote presentations addressed thought-provoking topics. From the transformative power of asset-backed cryptos and the impact of Bitcoin ETFs to navigating complex regulatory landscapes and shaping long-term industry frameworks, the Summit delved into the most critical themes shaping the future.

Bowie Lau, Co-host of WOW Summit Hong Kong, remarked: "The caliber of speakers and the depth of the discussions solidified WOW Summit Hong Kong as a must-attend event for anyone invested in the future of blockchain technology."

The Summit's success wouldn't have been possible without the invaluable contributions of top-notch roster of sponsors, including Platinum Sponsors MMPro Trust, EXOLO, WOW Earn, Valhalla, InvestHK, LAK3, Zima Bank and Gold Sponsors Azbit, ivendPay, Chain Up, Custonomy, Market Making Pro, Tangem, VALR, all demonstrating their unwavering commitment to fostering a vibrant and cutting-edge blockchain landscape.

Pok Pok, a gamified options protocol using chicken NFTs, triumphed at the Startup Pitch Competition, captivating the judges with their creative approach to making options trading accessible. Congratulations to all participants who showcased their brilliance on stage: TokenSphere, FailSafe, ZKEX.com, b-cube.ai, AYDO, Iagent, One Click Crypto, Kleo Network, GitRoll, UniSRC-20, UniSell, and RealtyX. A special shoutout to RealtyX, who impressed Orthogonal Global Group with their innovative concept, earning them a coveted spot in Orthogonal's accelerator program. This phenomenal event was made possible by the generous support of MMPRO, PWC, AWS, TaskOn, Charlton's Law, Quantum Leap Strategy AG, and many more, whose dedication to fostering the next generation of industry leaders is deeply appreciated. 

WOW Summit Hong Kong culminated with an unforgettable after-party, a night to remember at the iconic Tazmania Ballroom, LKF Tower. This exclusive event offered breathtaking, panoramic vistas and attracted a prestigious guest list, solidifying WOW Summit's reputation for crafting extraordinary experiences. 

WOW Summit is expanding globally and looking for local hosts and partners in Asia, the US, Australia, LATAM, and Europe. We are also inviting investors to indicate their interest in the investment in WOW Summit. For regional partnerships or investment opportunities, please contact us at [partners@wowsummit.net](mailto:partners@wowsummit.net) 

**About WOW Summit:**

![](img/054_wowsummit-20240326-s-0039.jpg)

WOW Summit is a premier Web3 event, where decision-makers in the global crypto ecosystem connect to exchange ideas, network and shape the industry. WOW Summit is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders and those with a strong interest in the crypto and blockchain industry. The Summit drives the innovative trajectory of Web3, covering cutting-edge trends and innovations in technology. It explores themes including the Web2 - Web3 transition, CBDCs, regulatory landscapes, asset tokenization, and the societal impact of blockchain and DLT technologies. Powered by [MarketMaking.Pro](https://marketmaking.pro/), hosted by [Uvecon.VC](https://uvecon.vc/) and co-hosted by [MaGESpire](https://magespire.io/), WOW Summit has a history of hosting distinguished speakers, government officials, and industry leaders. The event is supported by Hong Kong Government, [Invest Hong Kong](https://www.investhk.gov.hk/en/home.html), [Hong Kong Tourism Board](https://www.discoverhongkong.com/in/index.html), and [ Financial Services Development Council](https://www.fsdc.org.hk/).

Discover the highlights of WOW Summit Hong Kong 2024, a premier global Web3 event that brought together blockchain luminaries, industry leaders, and digital asset innovators. From insightful panel discussions to exclusive networking opportunities, learn how this summit solidified Hong Kong's position as a blockchain powerhouse.

WOW Summit Hong Kong 2024 Concludes In Triumph, Cementing Its Position As A Blockchain Powerhouse

## Introduction

In a recent CNBC interview, Michael Saylor, co-founder and executive chairman of MicroStrategy, shared his belief that the demand for Bitcoin exchange-traded funds (ETFs) is surpassing the current supply. Saylor highlighted the increasing interest in Bitcoin and its potential as a global asset, emphasizing the strong demand for an accessible BTC product. Additionally, he announced MicroStrategy's plans to rebrand as a Bitcoin development company, showcasing their dedication to accumulating more Bitcoin and supporting the growth of the Bitcoin network.

## The Surge in Demand

Saylor pointed out that the recent introduction of Bitcoin ETFs has sparked a surge in demand for the cryptocurrency. He observed that the demand for Bitcoin entering these ETFs is roughly ten times higher than the supply from natural sellers like miners. Saylor attributed this demand to the pent-up interest that has been building over the past decade, as mainstream investors finally gain regulated access to Bitcoin through investment vehicles. The appeal of Bitcoin, its independence from traditional risk assets and geopolitical factors, along with its accessibility, has contributed to its growing popularity.

## Bitcoin Strategy

![Image By FreePik](img/bitcoin-strategy.jpg "Image By FreePik")

Image By FreePik\
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MicroStrategy, a publicly traded company, has been a [pioneer in corporate Bitcoin adoption](https://app.mash.com/reward/af37b89c-1817-46ae-8d67-099f58eb6ac4). Saylor disclosed that the company will rebrand itself as a Bitcoin development company to reflect its successful Bitcoin-focused strategy. As the largest public holder of Bitcoin, MicroStrategy aims to leverage its position to accumulate more of the cryptocurrency and foster the growth of the Bitcoin network. Saylor likened their new identity to that of a real estate or petroleum development company, highlighting the flexibility it provides in generating cash flow, developing software, and accessing capital markets.

## The Significance of Bitcoin ETFs

![Image by fabrikasimf on Freepik](img/the-significance-of-bitcoin-etfs.jpg "Image by fabrikasimf on Freepik")

Image by fabrikasimf on Freepik\
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[The introduction of Bitcoin ETFs](https://app.mash.com/reward/af37b89c-1817-46ae-8d67-099f58eb6ac4) marks a significant milestone for the cryptocurrency industry. These investment vehicles offer mainstream investors a regulated and convenient way to gain exposure to Bitcoin. By investing in a Bitcoin ETF, individuals can bypass the complexities and technicalities associated with directly purchasing and storing Bitcoin, making it more accessible to a wider range of market participants. Saylor believes that the availability of Bitcoin ETFs will continue to drive capital inflows into the asset class, further solidifying Bitcoin's position as a viable investment option.

## Conclusion

Michael Saylor's insights on the demand for Bitcoin ETFs shed light on the increasing interest in cryptocurrencies, particularly Bitcoin, as a global asset class. The surge in demand for Bitcoin products, as highlighted by Saylor, is driven by the accessibility, uncorrelated nature, and pent-up demand for a retail-accessible BTC product. MicroStrategy's decision to rebrand as a Bitcoin development company further underscores their commitment to Bitcoin accumulation and supporting the growth of the Bitcoin network. With the introduction of Bitcoin ETFs, Bitcoin becomes more accessible to mainstream investors, leading to increased capital inflows into the asset class. This development marks a significant milestone in the ongoing evolution of the cryptocurrency market.

Discover Michael Saylor's insights on the surge in demand for Bitcoin ETFs and MicroStrategy's plans to rebrand as a Bitcoin development company. Learn about the significance of Bitcoin ETFs and their impact on mainstream adoption of cryptocurrencies.

Michael Saylor: Demand for Bitcoin Products Is 10 Times More Than Supply

## Introduction

The U.S. Securities and Exchange Commission (SEC) has approved all applications for the launch of a Bitcoin Exchange-Traded Fund (ETF). This move marks a significant milestone in the adoption of cryptocurrencies and paves the way for traditional investors to gain exposure to the leading digital asset. The SEC's decision has generated excitement and optimism within the crypto community and is expected to have far-reaching implications for the financial industry.

## Breaking Down the SEC's Decision

![Image by mindandi on Freepik](img/breaking-down-the-sec-s-decision.jpg "Image by mindandi on Freepik")

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On January 10, 2024, the SEC officially announced its approval of the applications submitted by 11 prominent companies, including ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton. This green light allows these companies to provide investors with a regulated and accessible instrument for participating in the Bitcoin market.

## Benefits of a Bitcoin ETF

Unlike traditional investment avenues like direct ownership or futures trading, a Bitcoin ETF simplifies the process, enabling a wider range of institutional and retail investors to enter the Bitcoin market. This development is expected to attract significant capital from investors who were previously hesitant to venture into the cryptocurrency space due to regulatory concerns, custody issues, or technical complexities.

## Impact on Bitcoin's Price

The market reacted cautiously to the SEC's decision, with the Bitcoin price experiencing a modest response. At the time of writing, Bitcoin is trading around $46,680. While some expected a more significant price surge, it is important to note that the long-term impact of the SEC's decision on Bitcoin's price remains uncertain. However, the approval of a Bitcoin ETF is widely interpreted as a vote of confidence in the digital asset and is expected to increase its mainstream acceptance and adoption.

## Commission Fees for Bitcoin ETFs

![Image by jcomp on Freepik](img/commission-fees-for-bitcoin-etfs.jpg "Image by jcomp on Freepik")

Image by jcomp on Freepik\
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Each company approved by the SEC to launch a Bitcoin ETF has announced its respective commission fees. BlackRock, for example, will charge a commission of 20 basis points for the first 12 months or until the fund reaches $5 billion in assets. Fidelity's commission will be 0.39%, while Invesco and Galaxy will waive their commissions entirely for the first six months and then charge 0.59% thereafter. Other companies, such as ARK and VanEck, have set their commissions at 0.25%.

## Conclusion

The SEC's approval of all applications for a Bitcoin ETF marks a significant milestone in the journey toward mainstream adoption of cryptocurrencies. It opens new doors for traditional investors to participate in the rapidly growing Bitcoin market. With the introduction of regulated and accessible investment vehicles, the barriers to entry have been significantly lowered. While the immediate impact on Bitcoin's price may be modest, the long-term implications of this decision are expected to be profound. As the crypto industry continues to mature, the approval of a Bitcoin ETF by the SEC demonstrates the growing recognition and acceptance of cryptocurrencies as a legitimate asset class.

The SEC's approval of all applications for a Bitcoin ETF opens new investment opportunities in the cryptocurrency market. Discover the implications of this decision and its potential impact on Bitcoin's price.

SEC Approves All Applications for Bitcoin ETF Launch, Opening New Investment Opportunities

## Introduction

Bitcoin, the world's first and most well-known cryptocurrency, has experienced significant growth since its inception in 2009. Despite its volatile nature, Bitcoin has captured the attention of investors and financial experts alike. In this article, we will explore the recent rise of Bitcoin's price and delve into the future of this digital asset, backed by insights from renowned financial figures and industry experts.

## The Rise of Bitcoin

Bitcoin's price has witnessed remarkable fluctuations throughout its history. Starting from fractions of a penny, it soared to an all-time high of nearly $69,000 in November 2021. However, its journey has been far from smooth, with periods of intense market volatility. Currently, Bitcoin is experiencing an upward surge, marking its highest level since May 2022.

## Predictions

![Image by pvproductions on Freepik](img/predictions-of-bitcoin.jpg "Image by pvproductions on Freepik")

Image by *pvproductions* on *Freepik*\
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Renowned author Robert Kiyosaki, known for his book "Rich Dad Poor Dad," has expressed his support for Bitcoin. He predicts that Bitcoin's value will reach $500,000 by 2025, considering the current market to be undervalued. Kiyosaki also believes that gold and silver present attractive investment opportunities and are currently undervalued.
He suggests that Bitcoin's price could rally to $120,000 due to rising inflation in the U.S. and the recent announcement by the BRICS nation. As a strong advocate for Bitcoin, Kiyosaki has been steadily increasing his Bitcoin portfolio and emphasizes its classification as a commodity akin to gold and silver, distinguishing it from other cryptocurrencies that may face regulatory challenges.

## The Future of Bitcoin

The future of Bitcoin remains uncertain, with various perspectives on its potential trajectory. Some optimists foresee Bitcoin's prices skyrocketing for years to come, while skeptics believe it could ultimately lose all its value. 

## Investment Opportunities

![Image by Freepik](img/investment-opportunities.jpg "Image by Freepik")

Image by *Freepik*\
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Investing in Bitcoin can be approached through various methods. Cryptocurrency exchanges, such as Coinbase or Binance, allow users to buy Bitcoin directly. Additionally, investing in Bitcoin mining companies or utilizing Bitcoin ATMs and peer-to-peer exchanges can provide exposure to this digital asset. It is crucial to secure a personal digital wallet outside of exchange accounts to store purchased Bitcoins safely.

## Conclusion

Bitcoin's rise in price, coupled with expert predictions and evolving market dynamics, has captured the attention of investors worldwide. While the future of Bitcoin remains uncertain, it presents both opportunities and challenges for investors. Staying informed, adapting investment strategies, and understanding regulatory and tax implications are essential for those considering Bitcoin as part of their investment portfolio.

Explore the rise of Bitcoin's price and its future potential. Discover predictions, investment opportunities, and insights from renowned financial figures. Stay informed about the latest developments in the cryptocurrency market.

The Rise and Future of Bitcoin: Predictions and Investment Opportunities

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