White   House press secretary Sarah Huckabee Sanders. AP Photo/Pablo Martinez Monsivais  

Bitcoin Catches White House Attention

As many of you know, Bitcoin has increased in price by extreme levels. This has plenty of concerns for money makers, thus it has many concerns for money regulators. The White House addressed this concern recently by announcing that they will be closely monitoring cryptocurrencies.

Here is Frank Chaparro's Article From Business Insider

  Press secretary Sarah Huckabee Sanders said the White House is   monitoring cryptocurrencies like bitcoin.     "I know this is something that is being monitored by our team   here," Sanders said during a press conference on Thursday,   answering a reporter's question about whether the government   would regulate cryptocurrencies.     Sanders said she didn't have anything specific to share on the   matter. Still, it was brought up by an advisor to President Trump   recently.    "Tom Bossert, with the Homeland Security team, an advisor to the   president, has brought this up in a meeting earlier this week,"   she said."I know this is something he is keeping an eye on."     Bitcoin, the largest cryptocurrency by market cap, has been on a   tear since the US Thanksgiving holiday. The coin is up 850%   year-to-date.     This appears to be the first time the White House has commented   on the cryptocurrency craze sweeping both Wall Street and Main   Street.   

What Will This Mean?

I have many concerns on this leading to harsh regulations and hefty interventions. This would not jive well with the ethos of most cryptocurrencies being based on decentralization and Libertarianism.

What do you think?

Comment your thoughts on what the White House should do regarding currencies.