A rash of articles about WEF and crypto adoption.
Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023
Bitcoin was not on the official agenda of the WEF in 2023. Crypto and blockchain featured across different workshops during the week, but these conversations focused more on Web3, the metaverse, central bank digital currencies and blockchain payment systems rather than decentralized cryptocurrency adoption.
Pay attention! These are the areas that elite money is interested in: the control of money and behaviour.
Bitcoin Suisse CEO, Dirk Klee, highlighted the company’s role in founding Crypto Valley and its early work to drive BTC adoption in Switzerland, which has become a leader for worldwide cryptocurrency adoption in many respects.
“I would call it the world headquarters of wealth management and the early adopters, right? We’re partially crypto natives, but who grew into wealthy individuals early on.”
Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023
Entwistle said the “general thrust” of crypto conversations inside the WEF Annual Meeting was focused on why the industry exists and what it’s building. For Ripple, that has been cross-border payments and liquidity provision. Other crypto proponents have been driving conversations around blockchain-based CBDCs and carbon credit initiatives.
Cory Then, Circle’s vice president of global policy, said that stablecoins can improve financial systems and inclusion in areas that are largely unserviced by banks and financial institutions:
“You have a phone. You download a personal wallet onto that phone. And next thing you know, you have access to a payment mechanism that is quite reliable and you can get U.S. dollars or you can get Euro coins.”
But what happens when your phone is lost or stolen, if that's your only wallet?
Brett McDowell, chairman of Hedera, also gave his perspective:
“This is trust technology. It’s the perfect backbone for ESG applications at scale and that is what we need, we need network effects.”
The Hedera chairman said that the WEF was actively considering blockchain-based tools and applications to tackle topics like climate change and power digital economies and tokenization of assets.
This is mass adoption. But, before mass adoption comes institutional adoption, and that is what will shape the cryptoverse to come.
The battle between control and freedom continues. Thing is, most people don't seem to care. They don't even see it.
those who still believe in the original crypto-ethos should find projects they truly believe in, and stick with them - but maybe don't expect to make a ton of money from them.
M3 lol. The Fed stopped publishing it! We know why.
bang on! inflation is an ignorant word - price inflation is not the same as monetary inflation.