While digital currencies have been the subject of talk at previous World Economic Forum conferences, they have emerged in the lead in Davos this year.
Following the dramatic year of a $ 20,000 rise in bitcoin, along with the phenomenal growth of other currencies, it is unlikely to be one of the main talking points at the World Economic Forum about the future of digital currencies.
With financial industry leaders attending the most important annual event in the economic calendar, the media have taken the opportunity to ask brainstorming minds about current and future prospects for virtual currencies.
Queen Telegraph is currently attending the summit in Davos and is reporting news of continued resistance to digital currencies.
These views stem from the absence of a regulatory framework for virtual currencies, which has made some of the world's leading banking and financial institutions reluctant to invest and support digital currencies.
Swiss bank president Axel Weber said in an interview with Bloomberg that his firm would not recommend the use of digital currency or investment to its customers until there was clarity about future regulatory actions.
As usual, the vibrant digital currency community has seen tremendous developments in Davos, and there have been many violent reactions in response to any negative doubts or comments about digital currencies.
Twitter attacks complaints about the Davos conference
Anthony Pompliano, the partner of Full Tilt Capital, was astute in his analysis of the Davos trend index on bitcoin.
The former director of growth and products at Facebook suggested that the statements made by economist Joseph Stigles about the continued use of the Petrochemical for suspicious purposes in fact had the opposite effect on pushing people away from the adoption of digital currencies.
Max Kaiser, the host of the "Crisis Report" on Russia Today, also referred to the negative wave around bitcoin in Davos, but said it was too late for big players in the financial sector to try to stop what he called a "revolution."
Bill Gross, a renowned American investor, suggested that the rise in the value of KFH and digital currencies was a sign of moving away from the central institutions that control and control the money. Individuals seem to place their trust in technology on government-run institutions.
Twitter user "CryptoWilson" highlighted a more negative trend towards digital currencies, and a video of French President Emmanuel Macron speaking for the IMF's regulatory crackdown on digital currencies.
Can not be ignored
By putting the trends indicators aside, the fact is that the financial world can not turn a blind eye to digital currencies. It is a very central point in this year's World Economic Forum and this is very understandable.
As US Secretary of State John Kerry said to Quentinrage earlier this week at the summit, the enormous value of capital poured into the digital currency market made it impossible to ignore it.
The current total market value according to the site of "Queen Market Cap" $ 559 billion - after a month of sharp market volatility.
Great post👍 In the future Twitter will have to accept crypto for payments, as that will be the only option for payments . Once this happens the Twitter negative agenda against crypto will abruptly come to an end👍
thanks