IOTA’s Dominik Schiener will be one of the speakers at Germany’s major economic summit that will run from the 12th and the 14th of November. For IOTA investors, this is definitely no ordinary event. It is an event that points to the future of IOTA (MIOTA) in the market, for a number of reasons. First, it goes to show that IOTA is gaining influence in German government circles. That’s because Dominik will be presenting together with key members of the German government including Angela Merkel.
Winning favour within government circles is great for its adoption. That’s because it gives the corporate sector the confidence to adopt IOTA, in the knowledge that it has the endorsement of not just the German government but the EU as well. That’s because Jean-Claude Juncker, the president of the EU commission will be presenting at this event as well. In essence, on the strength of this event, IOTA (MIOTA) could see wider adoption within the European Union.
Still on the issue of adoption, by presenting at such a high level event, Dominik will put IOTA on the map. This is one event that will draw in the mainstream media from all across the world. It will be form of free publicity for IOTA, and will draw in lots of new investors to IOTA (MIOTA). That’s because there is a large number of people out there that don’t believe cryptos are a legit investment. However, once they see it represented at the highest levels of European governance, then it will change their perceptions, adding to the overall demand of this crypto. More importantly, this event could draw in institutional investors who usually seek regulatory compliance before they channel their money into any investment, and this would be a big deal to the overall growth of IOTA (MIOTA).
But the biggest aspect to this event is the fact that it is sponsored by strategic companies, companies that can drive up the long-term growth of IOTA (MIOTA). For instance, Kuka is one of the main sponsors of this event. This company is a world leader in robotics technologies, and develops systems for some of the largest corporations in the world. In essence, the fact that they are sponsoring an event where a key member IOTA will be presenting is a signal to a potential partnership in the future.
A partnership with a company like Kuka would pretty much lead to the global adoption of IOTA (MIOTA) going into the future. That’s because it would have a ripple effect on the adoption of IOTA by most of Kuka’s global network of clients. Other interesting companies that are sponsoring this event include BP, Huawei among others that all could integrate IOTA into their systems in one way or the other.
Clearly, November will be an interesting month for IOTA (MIOTA). The hype that this event will create, and the potential partnerships that could come out of this event could lead to an upsurge in the value of IOTA, and trigger a bull run that goes all the way into 2019.