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Former US Treasury Secretary Changed Opinion About Cryptocurrency

According to Steven Mnuchin, who has repeatedly criticized digital assets, buying bitcoin and other crypto is as normal as buying gold or other assets.

Former US Treasury Secretary Stephen Mnuchin, in an interview with CNBC, called buying bitcoin a normal phenomenon since cryptocurrency is no different from gold or other assets. The ex-official noted that he changed his attitude towards digital assets after leaving the American government, but he does not plan to invest in crypto yet.

Also, according to the ex-minister, most cryptocurrencies should be in a “regulated environment.”

In 2019, Mnuchin said that he did not believe in the long-term prospects of bitcoin. In 2020, he called cryptocurrencies a threat to US national security.

On July 13, legendary investor Bill Miller named Bitcoin as the best asset to protect against inflation. Miller explained that the leading cryptocurrency emerged in response to the 2008 crisis to be free from government control and manipulation.

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LATOKEN, a leading crypto exchange, makes payments easy and safe worldwide. LATOKEN brings buying and banking to blockchain technology to automate transaction processing and save billions of work hours per year. A single year after its initial launch, LATOKEN got over 750k downloads on Google Play and over 1 000 000 followers on socials. Entrepreneurs looking for funding can consider the LATOKEN IEO Launchpad. There are 240+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform. In addition, LATOKEN is planning to launch its own NFT Marketplace.

LATOKEN does not provide investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like many other assets, cryptocurrencies are subject to high market risk. Please trade with caution.