The World Economic Forum has begun to focus on cryptocurrencies. What is the impact?

The World Economic Forum (WEF) has published a community document on cryptocurrencies. It contains information on getting started and exploring blockchain, among other things. It also lists several cryptocurrencies that meet its stamp of approval for scalability.

As an influential institution, this means that the World Economic Forum has selected some competitive cryptocurrency projects, which, if the rumors are confirmed, will receive a big boost in the coming years.

The World Economic Forum considers cryptocurrencies to be transformative , and various centralized authorities and their representatives have published messages on cryptocurrencies and their role in future society.

This includes European Central Bank President Christine Lagarde, who earlier this year slammed Bitcoin’s “superiority” in relation to XI. U.S. Treasury Secretary Janet Yellen has pointed out Bitcoin’s limitations as a payment mechanism, and like Lagarde, she believes Bitcoin is used for illicit financing.

“In terms of the extent to which it is used, I’m concerned that it’s often used for illicit financing, that it’s an extremely inefficient way to transact, and that the amount of energy used to process these transactions is staggering.”

Nonetheless, the Switzerland-based international public-private partnership has given its stamp of approval to cryptocurrencies through its latest guidance. The 22-page report details practical guidance for individuals and corporate professionals covering trading, DApps, governance systems, scalability, and regulatory considerations .

“Cryptocurrencies are changing the way we transact, trade and interact online, and it’s more important than ever for technology leaders to own experiences with these innovations.”

As expected, the report mentions Bitcoin and Ethereum, even devoting an entire section to Ethereum’s programmability and its role in fostering technological innovation.

In addition, in the throughput and scalability section, the report also lists 6 cryptocurrency projects and briefly introduces their ability to handle a large number of transactions. They are Algorand, Cardano, Celo, XRP, Solano and Stellar (for information display only, no reference suggestions are provided).

Cryptocurrencies are considered a great reset , and the World Economic Forum has attracted the attention of many truth seekers during the pandemic. They have raised concerns about the role of the World Economic Forum in guiding the world's economic recovery.

The World Economic Forum predicts that by 2030, “You will have nothing but be happy.”

Some have described this future scenario as a system of centralized control and manipulation, or even a throwback to medieval feudal society, which consisted of lower-class peasants who were slaves to their landlords.

Reuters fact-checked this "stated goal" and rejected it, saying it simply refers to the general trend of people choosing to rent rather than buy to own.

“This is patently false. The World Economic Forum does not have a clear goal of having no people and being happy by 2030. Its 2030 Agenda framework aims to ensure that all people can own and control land and other forms of property.”

In either case, it seems likely that investors and industry players will want to pay close attention to the World Economic Forum’s stance on cryptocurrencies , as this could have implications for future developments.