According to a circulating video clip, the WEF body has changed its stance on Bitcoin and Bitcoin mining operations.
The World Economic Forum (WEF) is an independent, non-governmental organization that works to improve the state of the world. The organization’s main vision is to tackle big challenges by working with leaders in business, politics, academia and society to shape the global, regional and industry agenda.
In the past, the WEF organization has harshly criticized Bitcoin on several occasions. At the time, they mainly targeted Bitcoin mining operations with very high pressure on the world. They claimed that the Bitcoin network will consume a very large amount of electricity in 2020.
Recently, a new video has been circulating on social media platforms that shows that the WEF organization has assessed Bitcoin (BTC) as positive for the world. They call Bitcoin mining clean, creates jobs, etc.
Many people claimed that the WEF body suddenly changed its position on Bitcoin, but some Bitcoin supporters suddenly said that nothing happened.
The WEF institution changed its stance on Bitcoin due to the leadership of BlackRock CEO Larry Fink. Fink currently sits on the WEF Board of Directors and he has probably done his job perfectly to showcase the positive aspects of Bitcoin to this level.
It is worth noting that prior to January 2024, it was only BlackRock that created the highest level of hype for its Bitcoin spot ETF product. Before BlackRock, many fund managers applied for Bitcoin spot ETF products, but were rejected by US securities regulators each time. SEC But once BlackRock came along, the whole game changed. In January 2024, the SEC agency approved 11 Bitcoin spot ETF products.
Over the past few weeks, Bitcoin trading prices have surged faster than they have in the past five to six months, apparently due to the rapid increase in demand for Bitcoin purchases.
Michael Saylor, former CEO of a business intelligence company who recently held 193,000 BTC on the company’s balance sheet, said that we are in the midst of a Bitcoin gold rush and that no one (individual/regulator) will be able to influence Bitcoin in 10 years. I said there wouldn’t be any. Bitcoin trading price.
Also Read: 1 Million People Purchased 671,000 Bitcoin (BTC) Above $60,000 Price, Now BTC Is Heading To $74,000.