Buying Bitcoin Is “Perfectly Fine” : Former U.S. Treasury Secretary Mnuchin

Steven Mnuchin shows his full support for Bitcoin after leaving the office. Earlier he was Secretary of the U.S Treasury and now warmed up for Bitcoin.

Recently on a show of CNBC’s “Squawk Box”. Steven Mnuchin said that buying Bitcoin was perfectly fine.

And also he said that the largest cryptocurrency should be in the regulated world. He clearly means to say, Bitcoin should be in a fully regulated system and we can’t avoid Bitcoin.

“Some people think it will go up. Some people think it will go down, but it should be in a regulated world”

Steven Mnuchin

Mnuchin also admitted that his opinion evolved after leaving the office. And he suggested that every person who wants to buy gold like assets can go for Bitcoin.  

And also he clearly said, he doesn’t own Bitcoin in his portfolio but if people want to buy for their portfolio then surely it will be a better option for them.

He also shared his point of view on blockchain technology & Bitcoin. He said that Blockchain technology is incredible and there are many use cases with the adoption of Blockchain & Bitcoin. And also Bitcoin & Blockchain are contributing a big role for the fintech & finance ecosystem.

Earlier when Steve Mnuchin was at their post in the U.S treasury then he never shared his point of view over Bitcoin but now he is giving his positive opinion about it, this is clearly showing that high profile people are even understanding after a long time. But at the end he comes to know about the potential of Bitcoin & blockchain technology.

Here we have to understand the importance of Bitcoin instead of garbage assets except few flagship cryptocurrency which are in crypto.

Related: We have Very Little Investor Demand On Crypto : BlackRock CEO