‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin

Cointelegraph

Published Jul 15, 2021 06:26AM ET

Updated Jul 15, 2021 08:00AM ET

Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency.

Speaking to CNBC on Wednesday, Steven Mnuchin confirmed that his perspective on Bitcoin had “evolved.”

Gold (blue) vs. BTC/USD (orange) performance since 2020. Source: TradingView

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