Steven Mnunchin (United States Secretary of the Treasury) surprised everyone with a press conference about the cryptocurrencies, Bitcoin and Libra. This is very interesting. In my opinion this is one of the first steps for a global adoption. I'm serious. Even if it doesn't look like at the first impression from the news and missleading titles. Mr. Mnunchin warned to be careful about cryptocurrencies and to do your own research. He also said that there's a lot of good things to invest (crypto). But that's what any professional trader would advise to other traders and investors. At the time of press, bitcoin started to rise in price! I think that we might be at the begining of something big. I personally think the world is gonna slowly adopt cryptocurrencies and this is just a start of a global recognition. They took crypto very seriously. It looks like it might be regulated and adopted in the future. Please watch the video, cuz i think the news are missleading.
1. He said that their first main concern is that they don't want any bad users to use cryptocurrencies. (This sounds like they want crypto to be legit and regulated, maybe even adopted.)
2. He said that they will make sure that the general public and investors understand what are they investing in.
What about the president of the United States that is looking very highly in US dollars? What can you say about his opinion with regards to cryptocurrency?