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Home Crypto Currency News

US Treasury Secretary Issues Warning On Bitcoin Over Extreme Price Movements – WCCO

February 23, 2021
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US Treasury Secretary Issues Warning On Bitcoin Over Extreme Price Movements – WCCO
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MINNEAPOLIS (WCCO) — Bitcoin hit a record high Friday, and the cryptocurrency’s value has risen more than 80% just this year.

In the West Seventh neighborhood of St. Paul is a somewhat cryptic billboard that says, “A Peaceful Revolution,” and a $1 bill that says “A Decentralized Network.”

The only identifying feature is a Twitter account that says its goal is to raise Bitcoin awareness.

(credit: CBS)

At Bobby and Steve’s Auto World in downtown Minneapolis, where there’s a Bitcoin ATM, they’ll tell you awareness is already pretty high. Dawn Villiard works there as an office leader.

“Since we put the machine in about a year and a half ago, it’s been very popular,” Villiard said. “We have some regular customers that come in here and invest.”

But what exactly are they investing in? Bitcoin is a digital form of money. Professor Vivian Fang with the University…

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