Happy Thursday, Blockfolians
Remember last year when Trump tweeted about how he didn’t like bitcoin? You know, this one:
Well, according to former National Security Advisor John Bolton’s controversial new book, President Trump and Treasury Secretary Mnuchin had previously had a conversation in which he told Mnuchin to stop playing trade negotiator and instead go after bitcoin.
It’s a wild little story and a reminder of how far this asset has come in a decade. From the imagination of a pseudoanonymous developer and a conversation topic for a small group of internet message board enthusiasts to a relevant threat at the highest levels of power.
And, as you all know, bitcoin is just getting started.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Everyone is talking about Compound, and for good reason. CoinDesk’s Brady Dale breaks it down.
Bitcoin Mining maker Ebang is planning a NASDAQ IPO north of $100m
Crypto debit card issuer Wirecard says it is missing $2.1B
Polkadot is exploring redeemable bitcoin tokens
Speaking of Treasury Secretary Mnuchin, y’all should check out Peter McCormack’s four part series on him
This is wild. Do you think it’s possible?
A (Relatively Small But Really Important) Number We Should Be Paying Attention To
That’s the size of the new grant to bitcoin core dev Amitti Uttarwar from OKCoin and BitMEX