Bitcoin, Facebook’s Libra and other cryptocurrencies have been faced with lots of criticisms lately. It is greatly telling on the price of all digital currencies in the market, as Bitcoin is already in huge deficit, likewise others.
Despite the serious scrutiny, Bitcoin has not lost all vital supports, as Patrick McHenry, a member of United States Congress recently remarked that Satoshi Nakamoto’s vision is unstoppable.
For the past few days, cryptocurrencies especially Bitcoin and the underway Facebook’s version of cryptocurrency, Libra, have been managing a host backlashes globally, especially in the United States and India.
Cryptocurrency’s criticism has been normal in the past until when the President of the United States, Donald Trump made negative comments about the functionalities of Bitcoin and Facebook’s Libra.
Many senators in US Congress called for the ban of cryptocurrency trading, citing the threat it would mount on their national and world’s number 1 currency, US Dollar.
All these attacks didn’t go well with BTC in the market. Over the past few days, the digital currency has recorded tons of price deficits. The loss also adversely impacted almost all the cryptocurrencies.
Bitcoin seems regaining soaring strength after a long period of price cut that brought it below $9,500. At press time, BTC is trading at $9,926.29, with 0.36% price rise in the last 24 hours.
Patrick McHenry Says What Satoshi Nakamoto Envisioned is an Unstoppable Force
Patrick McHenry is a United States Congressman that understands the purpose of the vision and action of the anonymous creator of Bitcoin, Natatoshi Nakamoko.
Despite the fierce fight against the most famous digital asset from the congress, McHenry stood out among them, with an opinion that the world must be ready to evolve digitally.
Some popular crypto enthusiasts have since taken to twitter to share his thought and stance about Bitcoin and other cryptocurrencies.
According to Anthony Pompliano, McHenry stated that the world envisioned by Satoshi cannot be deterred because it is an unstoppable dream.
US Congressman @patrickmchenry saying "the world that Satoshi Nakamoto envisioned and others are building is an unstoppable force. We should not attempt to deter this innovation” is legendary.
Eventually everyone will join this revolution 🔥
— Pomp 🌪 (@APompliano) July 17, 2019
Frank Chaparo also quoted him further that those who have tried to deactivate the innovation have persistently failed in their quest.
NC Congressman Patrick McHenry:
"The world that Satoshi Nakamoto, author of the bitcoin white paper, envisioned is an unstoppable force. We should not attempt to deter this innovation … those who have tried have already failed."
— Frank Chaparro (@fintechfrank) July 17, 2019
A crypto news update on twitter also reported McHenry’s positive comment about Bitcoin (BTC). According to the update, the Congressman averred that lacking the understanding of a nascent technology is not the yardstick to dismiss it.
“The meeting was led by Patrick McHenry who said that just because we don’t understand new technology doesn’t mean we should dismiss it! He said change is here and what Satoshi envisioned with Bitcoin is now an unstoppable force and governments can’t stop this innovation.”
This single comment has greatly impacted the price of Bitcoin in the market. If one man’s voice could suddenly upsurg price of BTC, what could then be the effect of the much awaited global adoption?