Former U.S. Secretary of state John Kerry believes that cryptocurrencies are discussed at the world economic forum (WEF), “because they have value.”
In an exclusive to Cointelegraph review publication that covers current event in Davos, Kerry showed no surprise about what Bitcoin and the Blockchain became the most discussed topic in the global financial circles.
“People invest in this serious amounts of money, so they have value, so talk about them”, – he said.
As a result, the cryptocurrency gets more attention from regulators and popularity around the world.
Given the mixed signals from lawmakers in major jurisdictions, such as South Korea, the participants of the Davos forum give cryptocurrency a relatively superficial analysis.
CEO of JPMorgan Jamie Dimon, when asked about the impact of his accusations against Bitcoin on the behavior of the market and refrained from answering.
“I’m not a skeptic!” – he appealed against his previous point of view
On the sidelines of the event, the Chairman of the Central Bank of Switzerland Thomas Jordan argued that traditional regulation of crypto currencies meet the existing financial instruments.
Economist Joseph Stiglitz went further, stating, defending the dollar that illicit use of Bitcoin, shows governments the need to “regulate his existence.”
During one-hour session on “Strategic Outlook for the digital economy,” the WEF experts only times didn’t mention cryptocurrencies.