Lesetja Kganyago criticized the trend of advocating for Bitcoin as a reserve asset during discussions at the World Economic Forum. He highlighted the need for variety in reserve considerations, suggesting alternatives like platinum or coal rather than solely focusing on Bitcoin.

Kganyago warned about the dangers of regulatory capture, where the crypto industry’s lobbying could unduly influence regulations. This concern was amplified by the statements of Coinbase’s CEO regarding political endorsements that could affect the future of cryptocurrency regulations.