Bitcoin may offer an escape from a ‘dystopian vision’ of the future – Roger Huang

The World Economic Forum (WEF) has a “dystopian view” of the future, and Bitcoin is one of many “new technologies that allow us to move away” from the WEF’s Great Reset plans, said contributor Roger Huang at Forbes magazine. .

Huang said, “I think [the WEF’s vision of the future] is a very dystopian vision… It benefits the World Economic Forum and those who own assets… If you want a society that consumes as much as possible, that is taxed as much as possible, that is controlled as much as possible, then this vision of the World Economic Forum, which is largely controlled by political elites, is the one you would want.

Huang spoke with David Lin, anchor and producer at Kitco News, at the PDAC 2022 conference in Toronto.


You will own nothing and be happy?

In November 2016, Ida Auken, a Danish MP and contributor to the WEF agenda, wrote an article predicting that in the future most people will own nothing, owe nothing and be content.

The article begins: “Welcome to the year 2030. Welcome to my city – or should I say, ‘our city’. I own nothing. I don’t own a car. I don’t own a house. I don’t own appliances or clothes.

Lack of asset ownership is seen by many as a key feature of The Great Reset, which was the theme of the 2020 WEF meeting in Davos, Switzerland.

“Unfortunately, I think because of politics, a lot of people and younger generations… are actually going to face a bit of that future,” Huang said. “And we see that now, especially in the West, [where] you have different places where you can’t really afford to have your own house. You can’t really build your own family.

Huang added that “they are leading us towards this vision, this dystopian version of a world where everyone is without assets, and those who own the assets can benefit from the wealth… it comes from the top, it flows from the political environment, it stems from interest rate targeting, and it stems from whether or not a society encourages saving or encourages all of its current members to consume as much as possible.


Bitcoin

Huang said that because it is a “self-custodial asset,” decentralized, and not controlled by any individual entity, Bitcoin can escape government control.

Since 2017, owning Bitcoin has been illegal in China, and several countries are tightening cryptocurrency regulations. At the same time, countries like El Salvador and the Central African Republic are adopting Bitcoin as legal tender.

“You have governments trying to ban [Bitcoin]”, Huang said. “But even China’s ban on bitcoin miners shows the resilience of the network itself. You’ve seen the hash rate of the network adjust to that within, I think, two to three months because people left the country and continued mining.

Huang said that as we move towards a multipolar world, with less US dominance, bitcoin could be adopted as a global reserve asset.

“Because of the way [Bitcoin] is built, due to the fact that Satoshi, its founder, is not affiliated with any ideological camp… it allows the potential [for Bitcoin as a world reserve currency].”


For Huang’s thoughts on Web3, the Metaverse and Blockchain, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)

Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)




Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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