Key points to remember:
- Security-focused blockchain development: Core DAO’s emphasis on security-first principles in Bitcoin-based DeFi shows the industry’s shift toward trust and stability.
- Bitcoin Price Trajectory: Predictions that Bitcoin would reach $110,000 by 2025 underscore optimism, even as market volatility necessitates caution.
- Global collaboration and growth: Bitcoin MENA 2024 reflects the growing global focus on the potential of blockchain technology for economic and technological advancements, particularly in the MENA region.
Bitcoin MENA 2024: A push for blockchain growth in the Middle East
The Bitcoin MENA 2024 Conferencescheduled for December 9-10, 2024 at the ADNEC Center in Abu Dhabi, will surely attract the attention of the global blockchain community. This event represents a major step forward towards the integration of Bitcoin and blockchain technology in the Middle East and North Africa. The participation of industry figures, ranging from institutional investors to cryptocurrency enthusiasts, shows that the potential of Bitcoin and blockchain technology in this area is enormous.
Bitcoin MENA 2024
More news: Conferences and events
Core DAO: Taking Bitcoin-Based DeFi to the Next Level – With Security First
In his keynote speech at the conference, Adam Bendjemil, Head of Ecosystem Development at Core DAO, gave an in-depth overview of Bitcoin-based DeFi, known as BTCFi, and the security strategy being implemented. implemented by Core DAO. Core DAO is an L1 blockchain that merges the security of Bitcoin with EVM compatibility for DeFi ecosystem extensions. Core DAO strives to help build trust in DeFi systems by combining financial solutions with the security measures of Bitcoin to drive broader blockchain adoption.
Bendjemil built on Core DAO’s “security first” approach, doubling down on technologies like Solidity and audits to reduce some of the risks associated with DeFi protocols. He added that the security of the protocol was essential to building trust and driving long-term adoption. He added the following: “Core is boring, but boring is good,” referring to its “battle-tested” nature. This cautious approach contrasts with the race to market new, untested products.
Basic DAO Differentiation
Unlike the Ethereum and BNB Chain ranges, Core DAO integrates Bitcoin into its operation. Meanwhile, the use of EVM compatible technology makes this blockchain even more accessible, opening wider prospects for this blockchain to finally go live. In doing so, Core DAO prefers the path of reliability, using terrain already recognized as safe and effective rather than playing with untested technologies.
Bitcoin Price Prediction: Can Bitcoin Reach $110,000 by January 2025?
Raoul Pal, founder and CEO of Global Macro Investor, is a little more specific: Bitcoin could reach $110,000 by January 2025. That could be the case. just a “local top” in the current cycle, as it could fall below $70,000 by February 2025 before rebounding in the third quarter of 2025. He bases his forecast on his company’s global GMI liquidity index. That said, these are just predictions, and the cryptocurrency market tends to move along the line of inherent volatility.
More news: Bitcoin hits $100,000 – sets all-time high
Notable Speakers at Bitcoin MENA 2024
Notable Speakers at Bitcoin MENA 2024
The Bitcoin MENA 2024 conference had an enviable line-up of speakers including the most influential names and personalities in the blockchain and cryptocurrency space. Some bigwig names include:
| Name | Position/Organization |
| HE Dr Mohamed Al Kuwait | Head of Cybersecurity, Government of the United Arab Emirates |
| Eric Trump | Executive Vice President, Trump Organization |
| Zhao Changpeng | Founder, Binance |
| Dr Marwan Alzarouni | AI CEO, Dubai Department of Economy and Tourism |
…and many more.
General overviews
The Bitcoin MENA 2024 conference highlighted the growing interest in Bitcoin and blockchain technology in the MENA region. DeFi’s focus on security and sustainability bodes well for showing that the industry is maturing and seeking stability. However, it should be remembered that the cryptocurrency market is very volatile and price forecasts are given for information purposes only. Investing in cryptocurrencies should be done with great caution and diversity, with the option of only risking what one can afford to lose. This event aims to open up new opportunities for economic and technological development in the region.
