The White House held its first-ever Crypto Summit last Friday, bringing together senior government figures, including President Trump, and top industry execs to discuss the future of decentralized digital money. Sputnik reached out to a leading expert in the field to learn why the summit didn’t turn out as the grand event it was hyped up to be.
“Essentially [it] was mostly show with little real actionable content,” Paul Goncharoff, veteran financial analyst and general director of consulting firm Goncharoff LCC, told Sputnik, dubbing the event “a first-class public relations event for media consumption.”
“The bottom line is that Bitcoin, Ethereum and similar cryptocurrencies in possession of the US Government will be concentrated in a special fund to be considered an asset of the United States,” the veteran financial analyst said.
