Visions of a deepening crypto crash and the ruin of global investors were set aside at a luxury hotel in Okinawa recently where one of the industry’s most important annual conferences celebrated the opportunities of blockchain technology with influencers like Mr Block and Miss Bitcoin.
At the invite-only jamboree, more than 1,600 executives and industry gurus gathered to celebrate all things virtual. “The future has arrived,” declared the conference slogan. The mood of the three-day event in Naha, said the head of one online Japanese exchange, was “alcoholic and optimistic”.
But back in Tokyo, where the drier and quietly pioneering work involved in the country’s bold digital currency experiment takes place, the tone was very different.