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MicroStrategy Posts Q1 Profit, Reaffirms Commitment to Bitcoin Investment Strategy
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
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It seems that Steven Mnuchin thinks bitcoin is a fad.
Bitcoin has received a lot of criticism from politicians and other authorities recently.
Among other things, US President Donald Trump has tweeted that bitcoin is not a currency and that it’s built on nothing.
The country’s Secretary of the Treasury Steven Mnuchin has also come out as a crypto critic. Now he repeats his skepticism about bitcoin.
– I will not talk about bitcoin in five years in my role as Treasury Secretary. I will have other priorities, he says in an interview with CNBC.
So, it seems that Steven Mnuchin thinks that bitcoin is a fad.
In the crypto world, people do not agree with him. During Wednesday, Trijo News could report that Pantera Capital’s CEO believes that bitcoin will be worth a lot more than it is now at year’s end.
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