US Treasury Secretary, Steve Mnuchin Affirms He Won’t Be Buying Bitcoin In 10 Years From Now

2019-7-24 23:01

Bitcoin has been in existence for a whole decade since the mysterious Satoshi Nakamoto coded the network and put it online back in 2009. Over the years, the crypto has garnered quite a following, but not without criticism from people who think cryptocurrencies are shams. For example, billionaire and investor Warren Buffett recently described them as con games run by shrewd schemers.

However, cryptos, especially Bitcoin, has risen above the resistance to achieve a strong foothold in the global financial market, and now even the high-placed people are noticing it. Still, there are some like the US Treasury Secretary, Steven Mnuchin, who is still not sold to Bitcoin.

Won’t Hold BTC

In a recent interview on CNBC’s Squawk Box, Steven assured every living soul that he won’t be loading up any Bitcoin even in 10 years from now.

Granted, his skepticism may be understood by virtue of him being the US Treasury Secretary, a government institution firmly linked to the US dollar – a currency whose global power Bitcoin is now challenging. 

Alts, Maybe? 

Squak Box’s tweet didn’t have a shortage of replies from crypto fans that came out to give a piece of their minds about Steven’s apparent pledge.

According to some, Steven may actually be all into altcoins like XRP and others, and only openly critical of Bitcoin. Whether that’s true or not is not yet verifiable. 

The General Sentiment

Steven’s decision to stay away from Bitcoin doesn’t seem to have stirred any negative emotions regarding the top coin even as its market value keep swinging for some days now. To some, Bitcoin is here to stay. 

In fact, a few of the crypto fans commenting on the thread challenged Steven to bet some money that he won’t be talking about Bitcoin 10 years from now. As at the time of this writing, Steven is yet to respond to the challenges.

The post US Treasury Secretary, Steve Mnuchin Affirms He Won’t Be Buying Bitcoin In 10 Years From Now appeared first on ZyCrypto.

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