News

U.S. Attorney General, Matt Whitaker Might be Interested in Bitcoin

With actors like William Shatner and Reddit’s co-founder, Alexis Ohanian showing interest in cryptocurrency, political platforms have not been left out. This is because the new U.S. Attorney General, Matt Whitaker, has been known to tweet in favour of cryptocurrency. To the crypto space, this is much of a big deal having a reputable leader show support.
The attorney general’s tweets are currently inaccessible because there are privacy settings on his account. But when crawled from Twitter’s archive, he is known to have made two tweets in favour of cryptocurrency. Moreover, this was before his election into office.

Matt Whitaker’s First Tweet About Cryptocurrency

The politician’s first tweet relating to Bitcoin was made in April 2012. His tweet stated that;

Hmm, Bitcoin, the city traders new anarchic toy

He had shared Reuter’s post which was linked to the message. This was only one of the posts by tech geeks condemning Bitcoins. Generally, it was about cryptocurrency and how they were most likely to fail. This could also be attributed to the fact that a major Bitcoin exchange is known as, MT Gox, was hacked back then.

Reuter Suggested Bitcoin Was a Ponzi or the Greatest Invention

Reuter’s post in 2012 suggested that Bitcoin was either a “Ponzi scheme or the greatest invention since the Internet”. It also went ahead to characterize its then users as an odd assortment of uber-geeks, scammers, anarchists, libertarians, and forex traders. Based on studies, these set of people were known to have traded about $4.3 million BTC within 24 hours.
According to Simon Lelieveldt, a Banking and payment expert who was tagged in the post, he was of the opinion that they were living on borrowed time. In a Forum in London, the expert also stated that;

There is always a power base underlying a currency. Bitcoin is not going to fly because there is no central bank or power base. It’s doomed to fail.

Reuter’s also stated that;

Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 each on online currency exchanges, where they can be bought and sold for about 15 world currencies.

At a time where most people didn’t believe in Bitcoin, there were BTC enthusiasts who could stand up for the cryptocurrency. These were people who were not deterred by some reputable people’s opinion and the evidence given by the media. One of such is an enthusiast believed that cryptocurrency was only being run by maths and not people soliciting for sex at hotels.

Matt Whitaker Believed Bitcoin Wasn’t illegal

Matt Whitaker’s second tweet was made in April 2013 where he stated that;

Bitcoin isn’t illegal because it isn’t real money.

This and many more could make people assume that the Politician may be a bit more interested in cryptocurrency than he’s letting us on. It won’t also be a surprise if he owns some Bitcoins and even altcoins.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…