The crypto community continues to discuss and monitor the dynamics of cryptocurrencies, in particular Bitcoin, after the negative statements of Donald Trump and Stephen Mnuchin. Analysts believe that Bitcoin holds up well and even predict a price take-off in the market.
Yesterday, during a press conference that was dedicated to cryptocurrencies and the Libra project, Stephen Mnuchin, the US Treasury Secretary, said that cryptocurrency is a matter of national security. Like the US president, who said on Thursday that he is not a fan of Bitcoin, Mnuchin drew attention to the fact that digital assets contribute to the activity of criminal activity. In addition, the Libra project causes doubts in Mnuchin, as well as the entire presidential administration. He noted that representatives of FinCEN would carefully monitor Bitcoin and Libra to ensure that they meet high standards.
Meanwhile, David Marcus, head of the blockchain division at Facebook, convinces us that the full launch of the Libra project will not take place until all issues with regulators regarding the safety of using the services offered by the project have been resolved.
Analysts do not lose their positive attitude about the future of Bitcoin. Thus, analyst Jason Williams of Morgan Creek noted that the attack of the US president on cryptocurrency could be a trigger for the growth of the BTC rate to $ 40,000 by the end of the year.
Bitcoin seems comfortable with statements made by #Mnuchin regarding Crypto and KYC / AML.
But it doesn’t seem to be any further action at this time.
– $ BTC rise shows market comfortable with this
Cc: @ stevenmnuchin1 pic.twitter.com/muHV1RFoxK
Thomas Lee (@fundstrat) July 15, 2019
Analyst Tom Lee said that Bitcoin feels comfortable despite Munchin's comments – moreover, the cost of cryptocurrency has even increased slightly, the rate is approaching the level of $ 11,000.
