Hi Everyone,
Today, the focus has shifted somewhat to sunny Davos, Switzerland, where the World Economic Forum Annual Meeting, which usually takes place in snowy January, is happening now for the first time since the pandemic.
I do enjoy visiting Davos while the world's most rich and powerful people are walking the streets but as my wife and I are expecting a baby, possibly this week, I'm effectively grounded for the foreseeable future. :)
We will be paying especially close attention to the panels and thoughts at the WEF regarding digital assets. In the wake of Terra Luna's untimely demise, calls from global regulators to regulate crypto up the wazoo have scarcely been louder.
Over the weekend, we heard some very negative comments from Christine Lagarde, president of the European Central Bank and convicted criminal, who said both that bitcoin and other cryptocurrencies are "worth nothing" and that they should be regulated. I'm not really sure how it works out in her mind that something worthless should be regulated but here we are.
The European authorities in particular have been hot on bitcoin's buns lately and even tried to outlaw crypto mining entirely earlier this year. |