Bitcoin. The last month

We may look back at the last month as monumental for bitcoin and cryptocurrencies.

What was once a fringe idea has now hit the mainstream.

The evidence:

  • The U.S. Congress held hearings on crypto in both the House and Senate.
  • The U.S. Treasury Secretary held an emergency press conference to discuss the state of crypto regulations.
  • The International Monetary Fund (IMF) put out a report calling digital currency the “future of money.”

And then there’s Facebook’s plan to create a stablecoin and digital payments system through Libra.

While it looks like Libra may never get off the ground, it sparked a worldwide conversation around digital currencies and the future of money.

People are finally waking up to the fact that government-controlled money likely does them more harm than good. So they’re seeking out better money, like bitcoin.

And it’s spreading like a virus.



Submitted August 19, 2019 at 01:45AM by boomerangcapitalInc https://ift.tt/2Z9xrTr

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