Weird how France went from calling crypto “unproductive wealth” to Macron speaking at a blockchain event in Paris…

France has often framed crypto as a form of “unproductive wealth” basically something speculative, not especially useful to the real economy and that’s even more striking when you consider that crypto gains for individuals in France are generally taxed at a 30% flat rate

And yet Macron is now attending Paris Blockchain Week this April

At first glance, that sounds inconsistent. But I think both positions can coexist

My read is that France may still be skeptical of crypto as a speculative asset, while recognizing that blockchain infrastructure, tokenization, stablecoins, digital identity and onchain finance are becoming too important to ignore

I feel like this is less about France suddenly being pro-crypto, and more about France not wanting to be late on a sector that could become strategic

What do you think? A real turning point, or just a PR move?