Rio Consolidates as Brazil’s Crypto Capital

Rio Consolidates as Brazil’s Crypto Capital

Even the cold and rainy afternoon in Rio de Janeiro did not turn down the more than 800 attendees of the Rio Crypto Days. In order to discuss, analyze and understand the cryptocurrency market, experts participated in the event, with a focus on education and knowledge sharing. Another example of how Rio de Janeiro has positioned itself as a reference on the subject.

Transfero CFO Carlos Eduardo Russo concluded in his presentation: “Rio de Janeiro is becoming a benchmark for Brazil: it is the country’s capital for cryptocurrencies, Web 3.0 and blockchain technology”. The audience, also composed of people from other states, such as Minas Gerais, Santa Catarina, São Paulo and Paraná, enthusiastically agreed.

good sense of humor and technique

“Don’t you want to watch Netflix?” Tasso Lago, a cryptocurrency fund manager and creator of Financial Move, asked at 10:10 p.m. during one of the event’s closing keynotes. The audience responded vehemently, no. Tasso talks about technical analysis of crypto assets and how to reduce risk in swing trading operations.

Cryptocurrency expert Diego Velasques also talks about technical analysis of crypto assets, but focuses on macro and micro trends. Before diving into the tools and methodologies, let’s take a look at the “big waves” behind market euphoria and panic.

Caio Vicentino focuses on talking about DeFi in a practical way and how to use tools to make crypto assets work. “The world of Web 3.0 is complex and dangerous, but full of opportunities. We must learn as much as possible to avoid these pitfalls,” said Vicentino.

DeFi was also the subject of a presentation by Rodrigo Marques, which focused on how the system can serve cryptocurrency holders. “We have nearly 15 million bitcoin investors in Brazil, and only 4.4 percent are invested in DeFi, and many are still ignoring cryptocurrencies,” Marques said.

The importance of a good project

Fundamental analysis of blockchain projects is the subject of conversations inside and outside the theater. This is due to the fact that the public uses Rio Cripto Day to compare wallets and see which are the most promising blockchain assets. In the lecture, Christian Aranha and Léo Jaguaribe talk about their views on how to analyze projects that “have a future” in this universe.

In addition to the formal lectures, the audience chatted about various topics. The Ethereum and Avalanche networks and stablecoins received positive reviews. Some other projects, such as the tokenization of physical goods, were introduced at Rio Cripto Day. Bitget also showcased its DeFi solutions at the event.

key education

“It took me two years to understand blockchain, but when I really understood it, everything changed,” said Orlando Telles, partner and investor at Mercurius Cripto, at the start of his presentation. The presentation was the opening of Rio Cripto Day. Telles explains how blockchain works to present a broader view of the crypto market. Such information may seem commonplace, but it means a lot to the public, even those who consider themselves “experts” already.

“When you think you’re the ‘biggest,’ you’re terribly wrong,” jokes Tasso. The manager presented the final debate of the night, which also included “traditional” market leaders and their views on cryptocurrencies. Even among these people, crypto education makes a difference.

“If you had talked to me about Bitcoin three years ago, I would have been a little skeptical. But we always need to be open to new knowledge. When I learned about blockchain and Bitcoin’s limited supply, I saw how it was It’s revolutionary and the business will explode,” said Vicente Guimarães, CEO of VG Research, PhD in Economics and financial markets expert. During the debate, Vicente said he now has Bitcoin in his portfolio.

Sabrina Coincidências and Giovana Simão, crypto experts who presented a panel discussion on Web 3.0, also talked about how they lost a lot of money by entering the market without much knowledge. The movement leads them to seek financial education and then experience the freedom that cryptoassets offer. “I don’t think Bitcoin is just an investment, but the nature of the freedom it promotes,” Sabrina said.

In this sense, education is crucial to the popularization of the market and the revolution in business models brought about by cryptoassets. And, for nearly 10 hours on a rainy Saturday in Rio de Janeiro, nearly 1,000 spectators could experience what the future of the crypto market will look like.

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