Voorhees Thanks Trump and His Entourage for Recognizing Bitcoin as US Dollar Threat

Eric Voorhees expressed thoughts that after 6 years US President and senior officials start to talk about Bitcoin publicly

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The famous Bitcoin figure, Eric Voorhees, tweeted in his account on latest comments on cryptocurrency from US President Donald Trump, Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell.

On his tweet, Voorhees attached a video of his performance at the Bitcoin 2013 Conference in San Diego. 

The most important part of Voorhees’ message is that after 6 years, senior officials still started talking about Bitcoin, regarding him as a threat to the US dollar.

Position of officials

Recall that last week, US President Donald Trump for the first time spoke about his negative attitude to Bitcoin and cryptocurrency. 

President's concern was picked up by Steven Mnuchin and Jerome Powell, who are actively monitoring the situation around Facebook Libra.

And here is what Mnuchin said about cryptocurrency at a press conference on July 15:

Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity, like cybercrime, tax evasion, extortion, randomware, illicit drugs, human trafficking … This is indeed a national security issue.

What’s next for Bitcoin?

Already today, in the Banking Committee of the United States Senate held a hearing on the project Libra. Depending on what the Facebook representatives say, the mood of the officials will depend. And we just have to wait for the news.

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Denis Sinyavskiy

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.