“Bitcoin will not be part of US monetary policy, so the Federal Reserve will crack down on it, portfolio manager Steve Chiavarone warns. However, the blockchain technology behind cryptocurrencies will remain.
“The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it at some point because they wouldn’t be able to engage in monetary policy,” Chiavarone said in an interview with CNBC. “But blockchain behind it, we think is more real than people are giving it credit…”
Of course the US will. I could of told you that. Listen closely. Whatever the U.S. doesn’t control it attempts to destroy. Basically what this article is saying is bitcoin may go down but cryptocurrency will win long term. Technology can not be suppressed forever.