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Bitcoin at the WEF: What did the world’s elite think of crypto?

Cointelegraph introduces “Crypto Road,” a sequence of spontaneous conversations with strangers on the road to teach, entertain and take a temperature verify on the world’s relationship with crypto.

The primary episode comes from the gates of the World Financial Discussion board (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Corridor tried to talk with the world’s elite the place he was rejected, ridiculed, and ignored earlier than stumbling throughout crypto believers among the many WEF attendees.

Sporting aCointelegraph sweatshirt with the loudest Bitcoin(BTC) brand, Corridor requested passersby to guess what was print represented. Some WEF-goers refused to speak on digicam whereas others claimed ignorance.

“That’s not Bentley, it’s Bugatti!” One passerby on the World Financial Discussion board joked. That, or they genuinely believed that the Bitcoin brand is a luxurious automobile model.

The shoot then strikes to the blockchain streets of Davos, wherecryptocurrency corporations outweigh the tradfi presence. Irina Heaver, a crypto lawyer and Bitcoin believer informed Cointelegraph that Bitcoin is “freedom.” She defined that for her household:

“When the Soviet Union Collapsed, they have been left absolute penniless — so did hundreds of thousands of different folks […] If they might have a few of that (Bitcoin) are you able to think about how their households can be higher off?”

Heaver additionally defined that increasingly more Russians transact with Bitcoin and crypto, reflecting thegrowing recognition of cryptocurrencyin the nation. WEF attendees from India, wherecrypto training is weak at finest, defined that the “youthful era is much more interested in Bitcoin and cryptocurrency.”

“Some rethinking and motion must occur to make it [crypto] extra sustainable.”

The Worldwide Financial Fund is shut mates with the WEF, and itconsistentlypushes for central financial institution digital currenciesas effectively as transferring cryptocurrencies away from proof-of-work blockchains to much less energy-intensive proof-of-stake blockchains.

‘CBDCs are the pure evolution,’ says HyperLedger director Barbosa

There’s additionally a cameo from Nas Every day, the Youtuber and Bitcoin HODLerwho misplaced $200,000 on Bitcoin thus far. He seems on digicam and exclaims, “I misplaced a lot cash.”

Lastly, there’s additionally a Golden Retriever who holds his tongue concerning Dogecoin (DOGE) worth predictions for 2022, and an acapella rendition of Nina Simone by up-and-coming vocalist, Evan Klassen. By the way, Klassen is signing on the FIFA World Cup in Qatar this yr; will he croon a crypto tune?

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