Dan Held: Bitcoin comes out on top after US Congressional hearings

21 Jul, 2019 | Updated: 21 Jul, 2019
by Richard Allen
Dan Held: Bitcoin comes out on top after US Congressional hearings

While the crypto markets have had a rather turbulent few days after the Congressional hearings on the cryptocurrency industry. However, according to Dan Hel, co-founder of Interchange, Bitcoin has still come out on top.

During an interview with BlockTV, Held highlighted several positives to come from the meetings as well as some statements made by Federal Reserve Chairman, Jerome Powell. Held said:

“If someone were to tell me seven years ago that the Chairman of the Federal Reserve, the Treasury Secretary and the President were all gonna talk about Bitcoin publically within seven days, I would have been extremely excited. I think Libra had the intended effect of elevating the status of cryptocurrency in the eyes of regulators, in the eyes of the world and now we’re starting to see some of the push back or some of the attention that you get when your visibility rises that high. So this is a great thing.”

Held goes on to say that Powell referred to Bitcoin as a store of value. “This is huge,” Held said. “It’s a glowing endorsement from one of the most powerful people in the world that Bitcoin’s use case as a store of value is legitimate.”

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Read more about: Bitcoin (BTC)


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