Wall Street At Davos Want Blockchain, Not Bitcoin & Crypto

Bitcoin became widely-known before blockchain did — there’s no doubt about it. Yet, Wall Street attendees of Davos‘ recent World Economic Forum annual event have stuck to the “blockchain, not crypto” script, lauding digital assets, while bashing the technology that was a byproduct of the propagation of cryptocurrencies. As Joseph Young, a leading crypto journalist and analyst put it, that’s like saying “airplanes will go to zero while engines have potential.”

While these institutional representatives, many of which have vested interests in the traditional financial world, have seen bouts of backlash from crypto’s fervent, often zealous diehards, these critics, who have been historically slow to accept new technologies, were adamant in their beliefs.

Original source

Add comment

Please Sign in to be able to leave comments.