With the development of blockchain technology, the question arises as to what status the cryptocurrency will take in the world financial system in the future
Will cryptocurrency be forgotten in the future? Will it become a new reserve currency? What will the authorities of countries do?
Let’s start with the USA. We can’t definitely say what US President, Donald Trump think about bitcoin and other cryptocurrencies. We remember only that the White House Press Secretary, Sarah Sanders said six months ago for the first time that the administration is 'monitoring' bitcoin.
She also added :
Stephen Bannon, the previous chief strategist to President Donald Trump, believes that the cryptocurrency industry has a potential to disrupt the banking sector.
Gary Cohn, the former Goldman Sachs executive who led Donald Trump's National Economic Council until last month, weighed in on bitcoin and blockchain technology.
In the recent news, we could see that Ron Paul who ran for the US presidency on the Libertarian party acknowledged:
However, the moot point remains the same — the President is yet to express his views on blockchain and cryptocurrencies.