Home CryptocurrencyAltcoin Bitcoin Suisse Explains Why Swiss Is Cryptocurrency Pivotal: Davos 2023

Bitcoin Suisse Explains Why Swiss Is Cryptocurrency Pivotal: Davos 2023

by SuperiorInvest

Switzerland is a “pivotal point” for cryptocurrency adoption in Europe and remains “central to the next phase of institutionalization,” said Dr. Dirk Klee, CEO of Bitcoin Suisse.

The CEO revealed why Switzerland is still the number one crypto in Europe and will continue to attract institutional investors in an exclusive interview with Cointelegraph on the street in Davos, Switzerland.

In a discussion with Cointelegraph reporter Gareth Jenkinson, Klee explained:

“A lot of trust has been destroyed and eroded in the last year, and we want to be kind of the centerpiece of the next phase of institutionalization, you know, making the place more accessible, easier to use, but also safer.”

Founded in 2013, Bitcoin Suisse is one of the oldest Bitcoin (BTC) and crypto companies specializing in asset storage, including “an escrow solution deep in the Swiss mountains,” Klee said.

Switzerland is a well-known safe haven for cryptocurrencies in Europe. The landlocked country is recognized for its role in the creation of Ethereum (ETH), and is home Crypto Valley — favorable environment for blockchain and cryptocurrency companies.

Switzerland is famous for the “Crypto Valley” in the canton of Zug.

Switzerland also boasts bitcoins and the crypto-friendly city of Lugano, which hosts an annual Bitcoin conference and even joined McDonald’s Will Accept Bitcoin Lightning.

Related: Putting carbon credits on the blockchain won’t solve the problem by itself: Davos

However, even in Switzerland, crypto-trust has taken a hit in 2022, especially in 2022 FTX light debacle and its contagion across cryptocurrencies: “It’s a setback for the industry. It destroyed a lot of trusts and — you know — it hurt a lot of investors, too,” Klee explained.

In such an environment, it is useful to return to historical Swiss values. Switzerland is still a “safe and secure place to do business”.

“Swiss finish, Swiss quality is a narrative and a mark of quality that this industry needs because – you know – you have to have a trusted place.”

Thousands of crypto enthusiasts flocked to the World Economic Forum for crypto and blockchain events. Located in the seat of the Alps, the ski resort of Davos, the overarching bear market doesn’t seem to have dented the Swiss charm.

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