World Economic Forum Warns “Dramatic” Crypto Regulation Coming
It was to be expected that after a week of positive news for crypto, one or another person of some state institution would be screaming regulation at some point and try to scare the markets.
After Christine Lagarde (head of the European Central Bank), Janet Yellen (US Treasury Secretary) and Nouriel Roubini (Economics professor of New York University) had been yelling scam from the sidelines for months, this time round it was the World Economic Forum (WEF) that sounded the alarm bells.
Private jets off to Davos
Of course we have to take whatever the World Economic Forum (WEF) is saying with a pinch of salt as they are the gatekeepers to the wealthy, the bankers and the governments. These are the people that meet each year in Davos, Switzerland to pat each other on the back and proclaim what will be the next trends to come.
Two years ago, they tried to get us all into climate change and using sustainable energies, until someone pointed out that all visitors to the WEF arrived in their private jets to the mondaine resort. In other words, do as I say, don’t do as I do of course. Like that it’s easy to dictate the others.
Sheila Warren is the WEF head of data, blockchain and digital assets. She claimed that:
We’re going to see another round of pretty dramatic attempts at regulating this space.
Just as Wall Street mogul Ray Dalio also recently warned, Sheil claimed that:
As there’s more and more activity in these spaces there’s more and more demand signal for regulators to get engaged and involved.
She does however remain positive as to Bitcoin’s future price, admitting about the $60k price level that:
Some are seeing this as the peak, I think that is absolutely wrong.