Trump Told Mnuchin To Go After Bitcoin

Plus a new grant to a bitcoin core dev

Happy Thursday, Blockfolians

The Lede

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.

Why Trump swallowed a budget deal that bleeds red ink - POLITICO

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.

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Highly Relevant Reading


Community Commentary

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 

$150,000

That’s the size of the new grant to bitcoin core dev Amitti Uttarwar from OKCoin and BitMEX


Final Thought

#ThrowbackThursday