Will Bitcoin hit $700k? Will the Trump administration enable a clearer regulatory environment? – all this and more at the World Economic Forum 2025
Amidst Bitcoin climbing $100k and Trump’s inauguration, discussions regarding digital assets caught the spotlight at the World Economic Forum 2025, going beyond the sole cryptocurrency themed session – “Crypto at Crossroads.”
Here is a quick recap on the key conversations unfolding at Davos as we move past the mid-Summit mark:
Optimism Surrounding the Establishment of a US Bitcoin Reserve:
Coinbase CEO Brian Armstrong reaffirmed his push for a strategic Bitcoin reserve, one of Trump’s poll time promises. “Bitcoin … is essentially the new gold standard,” he explained
Jeremy Allaire, CEO of Circle, agreed, adding “it would be prudent for central banks to hold some reserves in something like bitcoin. ”He believed that such a reserve could prompt a return to commodity-backed money.
The Regulations Dilemma:
Armstrong highlighted that with “Crypto President” Trump in office, the priority for the industry is to get legislation passed in the US to offer regulatory clarity that can enable innovation and boost mainstream adoption.
Binance CEO Richard Teng further stated that progress in crypto legislation would lead to a “new all-time high for the crypto industry” this year.
In response, South African Reserve Bank governor Lesetja Kganyago explained his concerns stating that often with crypto “regulators are struggling to come to grips with exactly what they are having to regulate.”
However, if regulations allow it, the US banking industry will embrace crypto, Bank of America CEO Brian Moynihan said, adding that “this would just be another form of payment.”
What lies ahead:
Goldman Sachs CEO David Solomon stated that he doesn’t view Bitcoin as a danger to the US dollar and sees its fundamentals as valuable for banks.
He further said that his company was conducting extensive research to see how the technology underlying Bitcoins can be used to reduce friction in the financial system.
BlackRock CEO Larry Fink predicted that Bitcoin could reach $700k. He believes that allocations from asset managers between 2%–5% could drive such a price increase.
Fink emphasized the value of crypto in face of currency debasement, inflationary pressures and political/economic instability.
