Bitcoin (BTC) Will Survive Even If Exchanges Are Shut Down

Steven Mnuchin, the US Treasury Secretary, has joined the parade of Facebook Libra bashers calling it “a national security issue.” He has roped in other digital assets and associated platforms, saying that Treasury would crack down on those that would break the law. In the wake of the recent push-back against crypto, pundits have wondered what the future of Bitcoin would be if the exchanges were shut down.

Mnuchin, for instance, did say:

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