We may look back at the last month as monumental for bitcoin and cryptocurrencies.
What was once a fringe idea has now hit the mainstream.
The evidence:
- The U.S. Congress held hearings on crypto in both the House and Senate.
- The U.S. Treasury Secretary held an emergency press conference to discuss the state of crypto regulations.
- The International Monetary Fund (IMF) put out a report calling digital currency the “future of money.”
And then there’s Facebook’s plan to create a stablecoin and digital payments system through Libra.
While it looks like Libra may never get off the ground, it sparked a worldwide conversation around digital currencies and the future of money.
People are finally waking up to the fact that government-controlled money likely does them more harm than good. So they’re seeking out better money, like bitcoin.
And it’s spreading like a virus.
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