Davos World Economic Forum: Insights from the Blockchain and Cryptocurrency Debate114

Cryptocurrency, despite the massive drop in value from a year prior, was still a hot topic of discussion at the World Economic Forum in Davos, Switzerland. Experts on cryptocurrency and blockchain debated the technology in the panel “Building a Sustainable Crypto-Architecture” with insight into both sides of the discussion.

The moderator, Gillian Tett of the Financial Times, started off the discussion with Harvard economics professor Kenneth Rogoff, who said that the cryptocurrencies in the last year were a “classic bubble.” He said there was “zero chance” that crypto would overtake fiat as a widely used currency. However, he admitted that in 2012, he advised his 13-year-old daughter to sell the 25 bitcoin she had mined for $60, which she did.

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