Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on August 05, 2021, 01:00:28 PM

Title: Mike Novogratz blasts US officials for poor grasp of crypto industry
Post by: newshunter on August 05, 2021, 01:00:28 PM
Mike Novogratz blasts US officials for poor grasp of crypto industry

The billionaire crypto proponent said politicians and regulators have a flawed understanding of crypto and its technological underpinnings.


Source: Mike Novogratz blasts US officials for poor grasp of crypto industry (https://cointelegraph.com/news/mike-novogratz-blasts-us-officials-for-poor-grasp-over-crypto-industry)

Would appreciate your opinion about this
Title: Re: Mike Novogratz blasts US officials for poor grasp of crypto industry
Post by: Bobcrypto on August 05, 2021, 09:34:54 PM
Yes, that is one of the reasons some of them are kicking against it. Some of these politicians even feel that bitcoin will dominate the fait currency of their respective countries. Another group of politicians concluded that bitcoin is used to sponsor terrorism, money laundry, and drugs trafficking etc.
I think gradually, some of them will get to understand how crypto work and the technology that came with it, the blockchain tech.