Iceland’s Crypto Industry Outlook

Energy-rich Iceland’s crypto industry shows promise but faces energy challenges, according to Gulli Gislason of Viska Digital Assets.

Interview Insights

The crypto industry in Iceland is making progress but has room to grow, leveraging the country’s unique geography.

• Iceland’s 2008 banking crisis prompted interest in cryptocurrencies and blockchain technology
• Local Satoshi Nakamoto airdropped Auroracoin, boosting awareness
• Adoption and education levels still early

Despite Iceland’s renewable energy sources like geothermal, hydro, and wind power, the crypto industry faces challenges related to energy shortages and regulatory constraints.

Renewable Energy & Mining

• Over 99% of Iceland’s power comes from renewables
• Ideal location for Bitcoin mining due to excess energy
• Challenges include rising electricity demand and environmental concerns

Viska Digital Assets, involved in Iceland’s mining industry, remains optimistic about the future energy supply landscape.

Viska Digital Assets Strategy

• Prioritizes token liquidity and market sectors
• Diverse team with financial and technical expertise
• Focus on risk management and selecting reliable partners

Gislason anticipates a positive future for the crypto industry as mainstream adoption accelerates.