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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