Davos 2019: totals for bitcoin, cryptocurrency and blockchain

In 2018, when Bitkion only set its price record at $ 20,000, almost every speaker at the economic forum in Davos spoke about cryptocurrency and the blockchain. In 2019, the price situation changed radically, but still cryptocurrencies and blockchains found their place at WEF 2019 and now we will summarize this event.

The International Economic Forum in Davos is considered the most prestigious event in the world of finance. Bankers, heads of international companies, world-renowned economists and financiers come to him, but the main thing is that the leaders of the leading countries gather here. True, this time Donald Trump took the bloodworm and went to the river, citing the Shatdaun and his example was followed by French President Emmanuel Macron, British Prime Minister Teresa May and the leader of all China Xi Jinping. The official reasons are “yellow vests”, Brexit and trade wars.

But the leaders of other states attended the forum in Davos this year, because its task is not so much to show itself to the public and to light up in front of the press, as to hold secret covert meetings without extra ears. What Davos is called a platform where the fate of the planet is secretly decided.

The blockchain in Davos 2019
It is logical that the economic forum can not ignore the question of cryptocurrency, but much depends on their current state. For example, in 2018, right after Bitcoin flew to the Moon, and the market capitalization of cryptocurrency was about 5 times more than today. Then each forum member considered it his duty to show how well he understands cryptocurrency and blockchain.

But today we live in the harsh time of cryptozymes, which is the longest in the history of Bitcoin and, therefore, at the forum in Davos in 2019, interest in this topic has subsided markedly. But cryptocurrency is not written off, but rather simply changed the rhetoric.

This year, bitcoin and altcoins have faded into the shadows. Instead, the blockchain took the first place, the prospects for the use of which were lauded by all and sundry. Politicians, businessmen and bankers told about what horizons the use of the blockchain opens up in their field. And during the forum, a new chairman of the Worldwide Council on the blockchain was chosen, it became the founder of the cryptocurrency payment startup BitPesa Elizabeth Rossiello.

How
Bitcoin was buried Chapter Ripple about Bitcoin
Summing up the results of Davos 2019, it is worth mentioning an event during which bitcoin was given a due amount of attention. You can watch the full video from this discussion panel, and we only briefly convey this conversation, in which the head of Ripple Brad Garlinghouse participated.

Bitcoin discussion on the forum in Davos 2019
Financial Pearl
So, let's start with Jeff Schumacher, the founder of the investment company BCG Digital Ventures. He does not believe in Bitcoin as in a currency and waits for its value to drop to zero, because Bitcoin is not supported by anything and if it suddenly becomes an analogue of the gold standard, that is, it will receive about $ 7 trillion capitalization. In this case, mining Bitcoin will produce 20% of carbon dioxide on our planet. In general, told hackneyed, but still working horror stories.

In turn, Silverlake Partners co-founder Glen Hutchings is not interested in investing in Bitcoin and even in the blockchain. He is attracted by the usefulness of the protocols that stand behind cryptocurrencies and, in his opinion, the industry is still at the beginning of its path and has a great future. Bitcoin in this regard is not the most innovative coin, but the most reliable and decentralized, so it can become a repository of value.

The head of Ripple, Brad Garlinghouse, also did not remain silent and supported two of his colleagues in the discussion, but with some reservations. He also criticized Bitcoin for mining, then told that cryptocurrency should bring some practical benefits and naturally praised the development of his own company, the XRP token. True, then Brad added that he does not expect Bitcoin to drop to zero and that he also has Bitcoins. So the CEO of Ripple is Brad Garlinghaus HODL Bitcoin, and that should mean something.