Bitcoin Sows Discord At The World Economic Forum!
During the World Economic Forum in Davos in 2025, the idea of a strategic reserve of bitcoin in the United States sparked an animated debate about the future of cryptocurrencies. This proposal, supported by President Donald Trump, was discussed during the session titled “Crypto at the Crossroads.”
Bitcoin at the Heart of the Debates at the World Economic Forum
Brian Armstrong, CEO of Coinbase, stated that the explosive performance of the TRUMP memecoin would not hinder efforts to establish a strategic reserve of bitcoin. Additionally, just as many countries hold reserves in gold, oil, or rare minerals, the United States should consider holding BTC, which he sees as the new gold standard.
The idea of creating a bitcoin reserve has been championed by influential figures such as Cynthia Lummis, a U.S. senator, and Michael Saylor, founder of MicroStrategy, during the Bitcoin 2024 conference in Nashville, Tennessee. Armstrong detailed this proposal to the delegates present in Davos, emphasizing the importance of holding assets that retain their value over time. However, this idea did not gain unanimous support.
Are CBDCs Better than BTC?
Lesetja Kganyago, governor of the South African Reserve Bank, expressed doubts about the relevance of this decision for his country. He emphasized that South Africa is focusing more on central bank-issued digital currencies (CBDCs) and the utility of blockchain rather than using bitcoin as a store of value.
Furthermore, he compared bitcoin to other potential strategic assets like platinum, coal, or even reserves of meat or apples. He recalled the history of the gold standard, where currencies were backed by gold, and expressed reservations about the idea of doing the same with BTC.
The debate on the strategic reserve of bitcoin in the United States thus reflects the divergent opinions on the future of cryptocurrencies and their potential role in national reserves. While some see BTC as a natural evolution towards a new standard of value, others remain skeptical about its viability and prefer to explore other technological and economic avenues.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
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