RATE Group | Bitcoin Becomes “Geo-Political Chess Piece” as Global Leaders Air Their Opinions on Cryp…
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Bitcoin Becomes “Geo-Political Chess Piece” as Global Leaders Air Their Opinions on Cryp…

12 Jul Bitcoin Becomes “Geo-Political Chess Piece” as Global Leaders Air Their Opinions on Cryp…

Posted at 22:17h in Bitcoin News by

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Bitcoin and the aggregated crypto markets have been facing tremendous volatility over the past few days that has been exasperated by comments being made about BTC and the nascent crypto markets by world leaders and politicians – who undoubtedly will sway how US policy is aimed at the crypto markets from a regulatory standpoint.

Now, analysts are noting that U.S. President Donald Trump and US Federal Reserve Chairman Jerome Powell’s comments on Bitcoin are bullish, as they validate the assets and designate them as “geo-political chess pieces.”

Bitcoin Gains Significant Media Coverage as Political Heavyweights Discuss BTC

Bitcoin’s recent volatility has been widely attributed to the deluge of commentary on it by economic and world leaders, who tend to shy away from discussing nascent technologies.

Federal Reserve Chairman Jerome Powell spoke about Bitcoin during a Senate testimony earlier this week, where he noted that the advent of cryptocurrencies could put the US into a new…

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