Cardano Founder Responds to US Treasury Secretary’s Bitcoin Acknowledgment

  • Charles Hoskinson, founder of Cardano, noted the irony in the US Treasury Secretary's supportive stance on Bitcoin.
  • The Treasury Secretary acknowledged the 17th anniversary of the publication of the Bitcoin Whitepaper, emphasizing Bitcoin's reliability and resilience.
  • This marks a shift from previous anti-Bitcoin positions in the US administration.
  • France proposed a bill to establish a Bitcoin Strategic Reserve, aiming to acquire 2% of BTC supply over 7-8 years to bolster financial sovereignty.
  • Bitcoin's price has been stagnating around $110,000, marking the first October closure in the red in seven years.