THELOGICALINDIAN - The crypto association is still reacting to US Treasury Secretary Steve Mnuchins contempo annotation on bitcoin and its aggregation The asset itself reacted acerb with a 6 pump on the day and abounding accept taken the positives from the accent some claiming that it is berserk bullish
Mnuchin: Bitcoin as a Store of Value
The address was to be expected, politicians and bankers still see bitcoin as a apparatus to do bad things. In reality, it is no altered to banknote or any added article that can be transferred above the boring of prying eyes. The all-inclusive majority of crypto users are not criminals, biologic traffickers or money launderers, yet the accomplished amplitude keeps accepting this deleterious characterization because bureaucrats don’t accept it and appropriately abhorrence it.
A cardinal of industry assemblage accept taken the positives out of Mnuchin’s annotation which echoed the words in admiral Trump’s recent crypto tweet. Ikigai Asset Chief Investment Officer, Travis Kling, acclaimed that both the Treasury Secretary and the Fed Chairman accede on bitcoin’s cachet as a abundance of value.
Co-founder and accomplice at Morgan Creek Digital, Anthony Pompliano, looked at it from a altered bend in that US regulators are absolutely accessible to bitcoin and crypto accouterment operations are agitated out legally and transparently.
This affect was echoed abroad on crypto cheep with comments such as these from added industry observers:
Libra Is A Bigger Threat Than BTC
It appears that the US Treasury is added anxious over Facebook’s ambitions to boss agenda accounts as it has done with data. Mnuchin stated:
A behemothic abstracts acreage and internet cartel with over 2 billion users finer starting its own coffer is apprenticed to crackle a few feathers. If anything, Facebook’s insatiability has afford a bigger ablaze on bitcoin as cipher owns or controls it, authoritative it the absolute antipode of Libra.
Was the contempo accent bullish for bitcoin? Add your thoughts below.
Images address of Twitter @Travis_Kling, @APompliano, Politico
