Please enter CoinGecko Free Api Key to get this plugin works.

WEF’s Promo Video Shows Bitcoin Mining, But It Leaves Out the “B” Word

The World Economic Forum (WEF) has released a promotional video for its upcoming annual meeting, which includes a segment on cryptocurrency mining. However, the video notably avoids using the word “Bitcoin” despite the fact that the mining process shown in the video is specifically for the world’s largest cryptocurrency.

The video, titled “The Great Reset: Building Future Resilience to Global Risks,” features a variety of topics related to the global economy and the impact of the COVID-19 pandemic. One segment of the video shows a group of people setting up a cryptocurrency mining operation, complete with racks of mining rigs and cooling fans.

While the video does not explicitly mention Bitcoin, the mining process shown is identical to the process used to mine the cryptocurrency. This has led some to speculate that the WEF is intentionally avoiding using the word “Bitcoin” in order to distance itself from the controversial digital asset.

The WEF has been a vocal critic of Bitcoin in the past, with its founder and executive chairman, Klaus Schwab, calling the cryptocurrency a “speculative bubble” in 2018. However, the organization has also recognized the potential of blockchain technology, which underlies Bitcoin and other cryptocurrencies.

Despite the WEF’s reluctance to mention Bitcoin by name, the cryptocurrency continues to gain mainstream acceptance and adoption. Its price has surged in recent months, reaching all-time highs above $40,000 in early January.

As the world’s largest cryptocurrency, Bitcoin’s impact on the global economy cannot be ignored. Whether or not the WEF chooses to acknowledge it by name, Bitcoin and other cryptocurrencies are likely to play an increasingly important role in the future of finance and commerce.

Official Accounts

Official Telegram Channel:
Official Instagram Account:
Official Twitter Account:

Related Articles

Understanding ERC-223 Tokens: A Safer Approach to Gas Fees and Enhanced Security

Dive into the world of ERC-223 tokens, offering enhanced security and efficient gas fee management in blockchain transactions. Learn how they safeguard against loss in unsupported...

What is ERC-6551: the Future of NFTs

Discover ERC-6551, a transformative standard in the NFT landscape, enhancing asset ownership, social identity, and enabling autonomous actions...

The Power of Trustless Smart Contracts and Optimism Layer Two: Insights from Perpetual Protocol Co-founder

Explore the transformative power of trustless smart contracts, DeFi innovations, and the Arbitrage Vault. Learn about Optimism Layer Two and Perpetual Protocol's...
Please enter CoinGecko Free Api Key to get this plugin works.