World Economic Forum (WEF) describing the positive impact of Bitcoin
In the past, the WEF body criticized Bitcoin badly many times. At the time they mainly targeted Bitcoin mining operations as a very big pressure on the world
The World Economic Forum (WEF) is an independent, non-governmental organization that works to improve the world's state. The main vision of this organization is to engage with leaders of business, politics, academia, and society to shape global, regional, and industry agendas to fight against the big challenges.
In the past, the WEF body criticized Bitcoin badly many times. At the time they mainly targeted Bitcoin mining operations as a very big pressure on the world. They claimed that the Bitcoin network would consume a very high amount of electricity in 2020.
In the latest, a new video is in circulation across social media platforms in which we can see that the WEF body appreciated Bitcoin (BTC) as a positive thing for the world. They call Bitcoin mining clean, creates jobs, etc.
It is worth it to note that it was only BlackRock which created the top level of hype around Bitcoin spot ETF products, before Jan 2024. Before BlackRock, many fund managers filed for Bitcoin spot ETF products but every time rejected by the American Securitieses regulatory body SEC but after the entry of BlackRock the whole game changed. In Jan 2024, the SEC body approved 11 Bitcoin spot ETF products.
In the last few weeks, the trade price of Bitcoin surged more rapidly over the last 5-6 months, obviously because of the rapid increment in the Bitcoin buy demand.
Recently Michael Saylor, the former CEO of the business intelligence firm which holds 193,000 BTC on the company's balance sheet, said that we are in the Gold rush era of Bitcoin and after 10 years no one ( individual/regulator) will be able to influence the trade price of Bitcoin.
