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US Treasury Secretary Mnuchin expresses new pessimism about the future of Bitcoin



US Treasury Secretary Steven Mnuchin today expressed new bearish views on Bitcoin, stating that he is unlikely to speak the number one cryptocurrency in five years. In a interview with "Squawk Box" CNBC on July 24, Mnuchin said:

"I will not talk about Bitcoin in 10 years, I can assure you that […] I would even bet in For 5 or 6 years, I no longer talk about Bitcoin as Minister of Finance. I will have other priorities. […] I can assure you that personally I will not be loaded with Bitcoin.

Mnuchin's recent remarks follow a recent statement about how cryptocurrencies exist primarily as a vehicle for crime and speculative investment. "I think these cryptocurrencies were largely dominated by illegal activity and speculation."

CEO and founder of the Digital Currency Group, Barry Silbert, celebrated the statements of the Minister of Finance as saying that they were "cryptocurrencies". complete and complete validation of Bitcoin. "

Money laundering

Mnuchin also recently claimed that Fiat money is not laundered to the extent that Bitcoin exists. In a separate interview with Squawk Box, Mnuchin said that the US has the strongest money laundering system in the world. Bitcoin, on the other hand, is vulnerable to money laundering.

As previously reported by Cointelegraph, economist and anti-cryptocurrency expert Nouriel Roubini has recently written an essay with strong criticism of the crypto exchange BitMEX washes money for terrorists and criminals:

"BitMEX insiders have informed me that this exchange is also widely used for money laundering by terrorists and other criminals from Russia, Iran and other countries on a daily basis. The stock market can not prevent this, as it benefits from these transactions. "


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