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Not even the cold and rainy afternoon in Rio de Janeiro pushed the more than 800 attendees away from the Rio Crypto Day. The event was attended by experts and focused on education and knowledge sharing. The primary focus was to discuss and understand the crypto market, and the event is another example of how Rio de Janeiro has positioned itself as a reference on the subject.

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

Good humor combined with technique

“Wouldn’t you guys rather be watching Netflix?” asked crypto fund manager and creator of Financial Move Tasso Lago at 10:10 pm in one of the talks that closed the event. The audience answered vehemently, no. Tasso spoke about technical analysis of crypto assets and how to reduce risks in swing trades.

Crypto assets expert Diego Velasques also talked about technical analysis of crypto assets, focusing on macro and micro trend views. Diego made a joke before starting: “Who here is a Luna buyer? Then he started to tackle the tools and ways to recognize the “big waves” behind the euphoria and market panic.

On the other hand, Caio Vicentino focused on DeFi practically and how to use tools to make crypt assets pay off. “The world of Web 3.0 is complex, treacherous, but full of opportunities. And we have to understand as much as possible to avoid the pitfalls”, said Vicentino.

DeFi was also the theme of Rodrigo Marques’ talk, which focused on how the system can work in favor of crypto holders. “We have almost 15 million bitcoin investors in Brazil, and only 4.4% invest in DeFi. So many still leave the crypto idle”, he spoke.

The importance of good projects

Analyzing the fundamentals of blockchain projects was a discussion topic in and out of the theater. The audience took the opportunity to gather information, compare wallets and check which blockchain assets were the most promising. During the lectures, Christian Aranha and Léo Jaguaribe talked about their visions on how to analyze projects “with a future” in this universe.

Aside from the official lectures, the audience chatted about various subjects. The Ethereum and Avalanche networks, as well as stablecoins, were viewed positively. Some other projects, such as the tokenization of physical goods, were presented at the Rio Crypto Day. Bitget also showed its DeFi solutions at the event.

Education in focus

“It took me two years to understand blockchain, but when I did, it made all the difference”, spoke Orlando Telles, partner-investor at Mercurius Cripto, right at the beginning of his presentation, which opened Rio Cripto Day. Telles explained how blockchains work to present a broader view of the crypto market. Such information may seem trivial, but it makes all the difference to the audience, even those who believe they are already “experts”.

“When you think you’re the ‘big man,’ there’s something wrong”, Tasso joked. Finally, the manager introduced the final debate of the evening, which also included leaders of the “traditional” market and their views on crypto. And even among these people, education about crypto made a difference.

“If you talked to me three years ago about bitcoin, I would have some doubts. But we always need to be open to new knowledge. When I understood about blockchain and the limited supply of bitcoin, I saw how revolutionary it was and that the business was going to explode”, said Vicente Guimarães, CEO of VG Research, who has a PhD in Economics and has been a financial market expert for over 25 years. During his talks, Vicente said that he now has bitcoin in his portfolio.

Sabrina Coincidências and Giovana Simão, crypto experts who presented a panel on Web 3.0, also talked about how they lost a lot of money by entering the market without much knowledge. The move prompted them to seek financial education to experience the freedom provided by crypto assets later on. “I don’t see bitcoin just as an investment, but as the essence of the freedom it promotes”, Sabrina said.

Education, in this sense, is essential for the popularization of the market and the revolution of business models brought by crypto assets. And for almost 10 hours on a rainy Saturday in Rio de Janeiro, the audience of nearly a thousand people could get a taste of what the future of the crypto market could look like.