On January 20, U.S. President Donald Trump unveiled a controversial proposal at the World Economic Forum, pushing for the creation of a so-called “Board of Peace.” Participating countries were reportedly asked to sign the charter by Thursday and contribute USD 1 billion in exchange for permanent seats. The proposed membership spans both Western allies and non-Western states, including Russia and Belarus—promptly triggering heightened alarm across Europe.
Emmanuel Macron was the first to publicly reject the proposal, while several EU members adopted a cautious wait-and-see stance. From Europe’s perspective, the initiative is widely interpreted as a direct institutional challenge to the United Nations framework, effectively attempting to establish an alternative governance mechanism outside existing multilateral norms.
Draft documents indicate that decision-making authority would be highly centralized, with limited transparency around funding flows and governance structures—factors that have made the proposal difficult for U.S. allies to endorse. European governments are reportedly seeking to delay formal responses, push for revisions, and coordinate with Arab states and transatlantic partners to apply collective pressure, underscoring a widening trust gap within the Western alliance.
From a market standpoint, rising uncertainty around global governance structures is likely to elevate geopolitical risk premiums, placing short-term pressure on traditional risk assets. Within crypto markets, Bitcoin and major digital assets are once again being framed as non-sovereign, decentralized hedging instruments. While this narrative may support medium-term valuation stability, near-term price action remains vulnerable to volatility driven by macro-political shocks.
Bitunix Analyst View:
The significance of this episode lies not in whether the “Board of Peace” ultimately materializes, but in the broader signal it sends: global power dynamics are increasingly shifting away from multilateral institutions toward fragmented, leader-centric bargaining frameworks. Key market watchpoints include whether Europe can form a coordinated response, and whether the U.S. continues to pursue institutional restructuring as a tool of geopolitical and financial negotiation—developments that could meaningfully reshape global risk appetite and long-term capital allocation.
