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Bitcoin on the WEF: What did the world’s elite consider crypto?

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Cointelegraph introduces “Crypto Street,” a collection of spontaneous conversations with strangers on the road to coach, entertain and take a temperature examine on the world’s relationship with crypto.

The first episode comes from the gates of the World Economic Forum (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Hall 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 a Cointelegraph sweatshirt with the loudest Bitcoin (BTC) brand, Hall 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 Economic Forum joked. That, or they genuinely believed that the Bitcoin brand is a luxurious automotive model.

The shoot then strikes to the blockchain streets of Davos, the place cryptocurrency firms 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 had been left absolute penniless — so did hundreds of thousands of different individuals […] If they may have a few of that (Bitcoin) are you able to think about how their households could be higher off?”

Heaver additionally defined that an increasing number of Russians transact with Bitcoin and crypto, reflecting the rising reputation of cryptocurrency within the nation. WEF attendees from India, the place crypto schooling is weak at finest, defined that the “youthful technology is much more inquisitive about Bitcoin and cryptocurrency.”

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

The International Monetary Fund is shut buddies with the WEF, and it persistently pushes for central financial institution digital currencies in addition to shifting cryptocurrencies away from proof-of-work blockchains to much less energy-intensive proof-of-stake blockchains.

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

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

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

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