He was positive about the value of the G20 as a positive instrument of global governance but he urged more focus on efficiency and action versus talking.
Ten years after the completion of the human genome project, competition between instrument makers and attempts to capture medical value from DNA sequence data continue to make the news.
But at the end of the day, it's a financial instrument that banks thought had a lot of value, and we've learned over the last year that they don't have that much value.
Furthermore, the notion that they have the security of a debt instrument is usually a fallacy rarely is there any liquidation value when an early-stage company fails.
"When you have a commodity or currency whose value has grown as rapidly as Bitcoin it makes sense to hold on to it as a speculative instrument, " he said.