The quote seems to be from a meeting with the Swedish financial supervisor and environmental agency back in november 2021, and probably formed part of the preliminary discussions concerning whether to ban PoW in the EU, which last month morphed in the EU into a debate on
the appropriate taxonomy for PoW coins, and implications it may still have at some point. With a bit of luck, the debate is past that, although it goes to show how some brilliant minds work.
Going over the
pdf which is the net source for the quote, there are a couple more highlighting:
<…> Which
service does Bitcoin offer that Solana1 does not offer to society? <…>
Comes to this from a consumer perspective. How would disappearance of bitcoin affect
consumers? Participants in BTC are fully aware of the volatility of the
currency/investment risk. Do not need additional protection measures.
So, since we are aware that it is volatile, we can easily digest BTC being banned …