đ¨ World Economic Forum Criticizes Crypto!!!
You know the guys who don't want you to own anything? The "You'll own nothing and you'll be happy" people? The non-governmental organization, which assembles ALL important heads of various governments? Many would call them the "Puppeteers". Let's see what they have to say about #Bitcoin:
Davos usually isnât the place you expect a big dust-up about $BTC, but President Trumpâs plan for a U.S. Bitcoin reserve changed that in a hurry. Coinbase CEO Brian Armstrong says Bitcoin is âthe new goldâ that governments could hoard, just like precious metals.
Not everyoneâs buying it. Lesetja Kganyago of South Africaâs central bank asked why a country would store Bitcoin instead of platinum or, heck, even beef. Armstrong fired back that Bitcoinâs way more portable, absolutely finite, and has trounced pretty much every asset on returns over the last decade. The elephant in the room? Trumpâs meme coinâ$TRUMPâwhich rocketed, then crashed. Critics think it cheapens the real conversation around Bitcoin, but Armstrong insists memecoins wonât derail the bigger picture.
Meanwhile, the talk on stage shifted to how Trumpâs win could finally open the door for friendlier crypto laws in the U.S. Anthony Scaramucci blamed Democrats for ignoring the crypto crowd, implying they basically handed Trump the presidency. Denelle Dixon from Stellar said the previous administration pushed crypto firms out of the U.S. with harsh regulations, but now there's a sense things could change fast.
Bottom line? If the U.S. truly treats Bitcoin like a strategic reserveâlike gold once wasâit might spark a global reset on how governments see crypto. And for the folks at Davos, thatâs got them excited, worried, and everything in between. #WEF #WorldEconomicForum #CryptoMarketNews #DonaldTrump