Conservative MP and former health secretary Matt Hancock has doubled down on his support for crypto and the “liberal regulation” of it despite the global market crash that has sent the price of Bitcoin and other cryptocurrencies tumbling.
In an interview with UKTN, Hancock said his confidence in crypto has not been shaken by the major market downturn that has wiped more than $2tn in value from the sector’s November 2021 peak.
“The underlying technology is so powerful,” Hancock told UKTN. “Just because the Dotcom bubble crashed in 2001, we didn’t discredit the internet as a technology.”
Since resigning as health secretary after breaching Covid social distancing guidelines and stepping back from the front benches, Hancock has been a vocal advocate for financial technology in the UK – particularly when it comes to crypto.
The former digital secretary has even revamped his wardrobe, with his pairing of a black turtleneck and blue jeans drawing comparisons with the late Steve Jobs....
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...