Bitcoin Will Emerge Stronger After Financial Crisis

Bitcoin Will Emerge Stronger After Financial Crisis

Business Crypto news Lifestyle Technology
December 9, 2020 by Super System
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U.S. Congressman Believes Bitcoin Adoption Will Grow U.S Rep Tom Emmer believes that blockchain technology, along with Bitcoin, will experience a tremendous growth in the coming months. He mentioned that people would see the strength of bitcoin after the ongoing financial crisis. Emmer has never hidden his love for Bitcoin. The bitcoin advocate says the
Financial Crisis

U.S. Congressman Believes Bitcoin Adoption Will Grow

Financial Crisis
Financial Crisis

U.S Rep Tom Emmer believes that blockchain technology, along with Bitcoin, will experience a tremendous growth in the coming months. He mentioned that people would see the strength of bitcoin after the ongoing financial crisis.

Emmer has never hidden his love for Bitcoin. The bitcoin advocate says the premium cryptocurrency will grow from strength to strength after the world navigates this current economic crisis. 

Blockchain and bitcoin will only become more robust, “As we come out of the crisis, Bitcoin ain’t going away, it’s gonna get stronger,” Emmer said. 

According to Emmer, “blockchain and bitcoin tech will continue to become more and more important and see further advancements due to its unprecedented value. You just watch, it has value, when something has value, people are going to take risks, and it’s going to advance,” he said.

U.S. Banks Can Now Custody Bitcoin 

The future of Bitcoin now looks very promising thanks to the news that authorized bans in the U.S. can offer custody for cryptocurrencies. Last month, the Office of the Comptroller of the Currency gave a green light for federally chartered banks to offer storage for cryptocurrencies. 

Emmer is a popular Bitcoin advocate. At the start of the year, he voiced his concerns about regulation dampening innovation and progress. In the past, the Congressman has asked the government to give more clarity in regards to crypto operations and the industry at large. 

Emmer is among a a good number of persons that think Bitcoin will have a solid foundation as soon as the market recover. Earlier in the year, Bitcoin supporter Tim Draper suggested that cryptocurrency will be one of the most vital tools post-crisis. “When the world comes back, it will be Bitcoin, not banks and governments that save the day,” Draper said.

 

 


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