Ex Trump’s advisor: crypto is “not a practical way to store value”

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3 months ago
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Gary Cohn, who used to be a director of Goldman Sachs and top advisor of the US President on economic questions, recently expressed his opinion about crypto. He explained that he believes in cryptocurrencies’ potential but does not see bitcoin as a leading financial instrument of the future. He stated that he hopes for a new currency to emerge that can become more mainstream and easy to use.

This year, the resounding news was his resignation from the White House – due of his disagreement with Trump on the introduction of duties on imports. Cohn advocated free trade, so his resignation allegedly pointed to the administration’s reverse intentions.