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The World Economic Forum In Davos Draws Cryptocurrency Enthusiasts The World Over




Economists, leaders, and experts worldwide converge upon Davos, Switzerland, for the annual World Economic Forum meeting.

Ahead of the upcoming World Economic Forum to be held in Davos, Switzerland, January 23 – 26, 2018, the little mountainside town which emerges from a thick alpine forest is preparing for a torrent of attendees.

Participants will include a throng of world leaders, regulatory officials, and members of international agencies. Alongside this delegation will be many enthusiasts who belong to the world of cryptocurrency entrepreneurs, developers, and researchers. The topic of cryptocurrencies will be among the many focal points of the forum, and while it's sure to be mentioned in more than a few speeches, two events are specifically aimed at cryptocurrency: "The Remaking of Global Finance" and "The Crypto-Asset Bubble."

Speakers at the "The Remaking of Global Finance" session include financial authorities such as IMF managing director Christine Lagarde, Deutsche Bank Supervisory Board chairman Paul Achleitner, chairman and CEO of Blackrock Laurence D. Fink, chancellor of the Exchequer Philip Hammond, US secretary of the treasury Steve Mnuchin, professor of economics Jin Keyu, and CNBC Anchor Geoff Cutmore.

The question remains: will cryptocurrencies become the pillars upon which rests a new generation of protocols supporting a technologically evolved international financial system? The speakers will explore cryptocurrency's surge in popularity and discuss the possible decline of the dollar as a basis for global reserve. In the past, Lagarde has hinted that the IMF may favor cryptocurrencies in its special drawing rights fund, which is a reserve for the IMF comprised of foreign assets; if the dollar truly is in decline, perhaps Lagarde will again raise this possibility.

During "The Crypto-Asset Bubble," speakers from opposing sides of the crypto-coin will offer their opinions on whether the burgeoning cryptocurrency asset class is maturing, or if it will instead become the basis for a systemic marketplace crash. Presenters include deputy governor of the Swedish Central Bank Cecilia Skingsley, founding principal of Raiden Partners and Raiden Blockchain Ventures Jennifer Zhu Scott, co-founder of Index Ventures Neil Rimer, professor at Yale Department of Economics Robert J. Shiller, and deputy editor-in-chief at YICAI Media Group Dr. Yang Yanqing.

The buzz in Davos isn't limited to the WEF schedule; a few other gatherings that are not officially affiliated with the conference will be held nearby. Newly-appointed Enterprise Ethereum Alliance (EEA) executive director Ron Resnick will host a gathering to showcase the consortium's coming plans for 2018.

Whether attending WEF or one of the other local venues, Davos is sure to have something to offer for anyone who is cryptocurrency-inclined. Stay tuned to ETHNews for more coverage of Davos.

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine.

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