Thread by @Andre_Dragosch

My key takeaways from Day 1 at the
Frankfurt Cryptoasset Conference 2022 🧵

#CAC22 #CAC22A

1/ We are still early days adoption-wise.
Institutions are getting more bullish
Within Europe, the Netherlands & UK are the most crypto-forward; German & French consumers are the most skeptical when it comes to crypto

2/ Proposed ban of „unhosted wallets“ certainly won’t propel the industry but no one involved really has the intention to stifle the industry

3/ One of the key themes are thematic investable cryptoasset indices that focus on categories such as SoV assets, Smart Contract Platforms or Media & Entertainment

4/ Yes, we are currently in a bear market except for Smart Contract Platforms
The „Smart Money“ is investing in Smart Contract Platforms & DeFi Tokens according to data by Messari

5/ German speaking crypto fund industry (DE/AU/CH/LI/LUX):
Most concentration in liquid and hybrid funds.
Obstacles for investors in Germany: Still too much bureaucracy & paperwork involved in onboarding investors

6/ Macro: Inflation & Geopolitics are the most important topics that are being discussed among participants, ESG not so much

7/ Industry vision: In the longer term, direct market access is most-likely to become the standard for institutional clients but question marks remain

8/ DEX vs CEX: DEX suitable for retail but institutions prefer CEXs on account of regulatory certainty. DEX no single point of failure but Smart contract risk - not entirely riskless.

9/ Centralized Exchange tokens have significantly outperformed Decentralized Exchange Tokens in 2021 & 2022 as they can deliver value in a better way to token holders

10/ Final Note: Sentiment among participants is extremely optimistic despite the fact that we are in a bear market.

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