Gareth Jenkinson's avatar
Gareth Jenkinson
npub1ddl5...tltz
Managing Editor at Cointelegraph. Lover of Bitcoin, beer, gaming and rugby 🍻
Last week I was in NYC to cover Bitcoin Investor Week - which featured some big name investors and US politicians putting their weight behind Bitcoin. “The rise of the Bitcoin Standard will see companies, institutions and nations look to BTC for fiscal discipline.” Vivek Ramaswamy gives great perspective on why the fundamentals of Bitcoin will see it become a tool to address global debt issues.
Probably an unpopular opinion - but we need to get Bitcoiners actively involved in the World Economic Forum 👇👇👇 My experience in Davos this year made it evidently clear that Bitcoin remains misunderstood and undervalued as hard money. Naturally, it’s also the antithesis of how a globalist institution like the WEF wants the world to operate. Getting the right people speaking inside the forum is crucial to changing the perception of Bitcoin and informing politicians and heads of industry to change their thinking. I’d love to see @Michael Saylor @Adam Back @Samson Mow @Saifedean Ammous and others talking on an exclusively Bitcoin focused panel next year
If the United States adopts a Bitcoin strategic reserve, will other nations do the same? I asked South African president Cyril Ramaphosa this very question during the World Economic Forum in Davos last week. Unlike Trump, Ramaphosa has no plans to launch a memecoin. Perhaps more importantly, he says that Bitcoin is becoming a subject that nation states can no longer ignore. I’d personally love to see my home country 🇿🇦 adopt a Bitcoin standard. It would be a game changer for the value of the Rand and for SA’s treasury reserve. #Bitcoinadoption #Bitcoinreserve #southafrica #wef
The US is on the verge of adopting a Bitcoin strategic reserve. The ‘WHY’ really comes down to Bitcoin’s duality as peer-to-peer electronic money and digital gold. In my recent interview with@Adam Back, he explains how Bitcoin allows people to save for the future while retaining its “ability to be a very low barrier to entry global electronic money.” “The introduction of Bitcoin in some of those countries, like El Salvador as an example, actually allowed people to leapfrog from paper cash straight to peer-to-peer electronic money without going through the banking trusted intermediary phase,” Back explained in our interview at Bitcoin Amsterdam. “I think one target for Bitcoin adoption is for it to compete with gold and get somewhere near gold parity as well as its growing usage as electronic money.” My good friend @JoeNakamoto is probably the biggest proponent of this mentality. He advocates for people to spend sats - but he also understands the inherent value of BTC. Definitely a topic that will become hotly debated as more people start acquiring Bitcoin as a long-term store of value.
The World Economic Forum doesn’t talk about Bitcoin - so I made sure we did in 2025. I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference. Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America. Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin. Armstrong provided an important response: "Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves."