As I shared last week, earlir this month I attended WCIT 2019 – the biggest tech conference in Armenia.
During the conference I had the absolute pleasure to chat with Arthur Vayloyan, CEO of Bitcoin Suisse.
According to Wikipedia and Arthur himself, Bitcoin Suisse is a Swiss-regulated financial intermediary and pioneer in crypto-financial services based in Zug, where most of the Ethereum operation is also settled.
The company, established in 2013, provides services to the global institutional and private client base that includes brokerage and trading, storage solutions, collateralised lending and crypto-financial solutions.
Bitcoin evolution since 2013
“The timing wasn’t that great. The price was approaching $1,000 and then Mt.Gox crashed. It was one of those crashes where Bitcoin went down really fast. You really needed to be an enthusiasts to stay.”
Much like a great deal of investors I know, including the infamous Tim Draper and myself, Arthur got into BTC when the price was exploding into new all-time-highs.
Of course, because he truly understood the purpose of Bitcoin, not even the demise of Mt.Gox was able to swindle the company back.
With a committed community to the proper development of Bitcoin, the CEO believed the king of cryptocurrencies was here to stay, adding “technology develops regardless of any values attached to it” – a powerful message most high-level technologists share.
He says that after Vitalik Buterin launched Ethereum in 2016, with the implementation of the ERC20, that was a key turning point for the market. Out of nowhere, projects started to flourish due to the lack of complexity in creating and deploying smart contracts.
“People could create their own tokens on top of Ethereum, so even people with lack of technology understanding could come into the space.”
When we discussed the ICO boomed and some of the issues with projects like the