CES 2023 marked by a strong imprint of Bitcoin and cryptocurrencies

At the Consumer Electronics Show(CES) 2023, attended by representatives of the Bitcoin industry andcryptocurrencies.

The nascent asset class is seeinga steady downward trend in value, but a bear market fails to slow down innovation. Bitcoin miners take center stage According to a report from Michael Carter of BitsBeTrippin’ (BBT), specializing in cryptocurrency mining. CES 2023 saw strong participation from this sector. Carter spent a week at the event and reported a large presence of vendors with cryptocurrency mining products.

The main attention was paid to “thermal andsound solutions” for Bitcoin mining equipment. This type of activity has experienced significant growth since the early years of the cryptocurrency, which is reflected in the BTC mining difficulty indicator. This metric is trending upward as more miners join the network. Despite price declines across the board and many miners closing, this metric remains high, indicating continued interest in the sector.

At CES 2023, Carter saw solutions forcooling BTC miners using a cost-effective water cooling approach. Other mining companies are trying to diversify their activities from BTC and Application Specific Integrated Circuit (ASIC) mining – hardware used to mine this cryptocurrency. Several Bitcoin companies are diversifying their offerings, including withdrawing their production lines and building others focused on ASICS for ML/AL processing. Companies that operate in multiple industries have a better chance of remaining relevant during bear markets. Crypto Trends and "Buzz Words" Present at CES 2023 Carter described the overall mood at the event from crypto companies as "positive".

” Projects participating in CES 2022recognize the current trend, focus on “construction” and welcome the opportunity to grow without the “noise” inherent in bull markets. During the event, Carter asked attendees what trends to watch in 2023.

Many people paid attention to regulatoryimplications for the industry following the collapse of FTX, while others have drawn attention to the increase in the number of bankruptcies of significant companies. The collapse of the cryptocurrency market has negative consequences for dealing with debt and the high cost of doing business, but it could have a positive impact on global BTC mining. Finally, Carter noted "significant growth in the Metaverse," virtual reality (VR) and artificial intelligence (AI). In conclusion, I would like to say that CES always fills me with positivity. It's great to see where the tech stack is heading and what's getting attention. While last year artificial intelligence was the subject of hype without tangible representation, this year it has become a common theme. Projects emerging from these sectors can have an impact on the nascent industry and global markets. At the time of writing, the price of BTC is experiencing positive dynamics after a long period of consolidation. The cryptocurrency is trading at $17,200.