Bitcoin’s Breakout At Davos: Global Elites Reckon With Crypto Revolution

U.S. President Donald Trump at the World Economic Forum in Davos, Switzerland. (AP Photo/Evan Vucci)
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In a bold statement at the World Economic Forum in Davos, President Donald Trump declared that the United States would soon become the "world capital of artificial intelligence and crypto," thanks to an imminent surge in American energy production. This proclamation marks a significant departure from the previous administration's heavy-handed regulations, which stifled both innovation and growth in the energy, bitcoin, and AI sectors.
Trump’s statement, once unthinkable at Davos, was met with a notable shift in tone. In years past, discussions about bitcoin and pro-energy policies would have been dismissed in favor of elitist agendas centered around ESG mandates, central bank digital currencies (CBDCs), and expanding global surveillance efforts. But this year, the tone was different. Wall Street's biggest players are no longer laughing at bitcoin—instead, they’re making bold predictions. BlackRock CEO Larry Fink speculated that bitcoin could soar to $700,000, while Coinbase’s Brian Armstrong pitched the idea of a U.S. Strategic Bitcoin Reserve to the governor of the central bank of South Africa.
As the saying goes, “First they ignore you, then they laugh at you, then they fight you, and then you win.” The question now is, which stage are we in?
Trump Pardons Ross Ulbricht
President Trump fulfilled a major campaign promise this week by pardoning Ross Ulbricht, the Silk Road founder who had been serving a life sentence without parole. Ulbricht’s case became a symbol of government overreach, with many in the bitcoin and libertarian communities rallying behind the call for his release.
Trump framed the decision as a victory for liberty and personal sovereignty, key principles that align with the ethos of bitcoin itself. Following the announcement, bitcoin’s price responded positively, underscoring the growing recognition of Ulbricht as a martyr of the digital age. His story serves as a stark reminder of the fight for financial freedom and the perils of government overreach in a rapidly digitizing world.