Bitcoin vs Central Banks — The Trust Debate Returns to Davos

[nihalsari]

The long-standing tension between Bitcoin and central banks resurfaced at the World Economic Forum in Davos, where policymakers and crypto executives clashed over who should be trusted to issue money. During a panel on tokenization, François Villeroy de Galhau argued that trust must come from regulated public institutions, not decentralized crypto systems.

According to Galhau, the key safeguard is independence backed by democratic mandates. He said he trusts central banks more than “private issuers of Bitcoin,” framing regulation not as a constraint on innovation but as the foundation that allows modern financial systems to function at scale.

[madmax]

feels like two sides talking past each other: one arguing legitimacy, the other inevitability