Trump’s pick for OMB Director is excited about cryptocurrency

Windy Hill Beach, South Carolina (Dec 19, 2016) – Rep. Mick Mulvaney (R-SC) has been selected by President-elect Trump to be the next Director of the Office of Management and Budget, according to an article in today’s The Washington Times. Your humble editor had the pleasure of hearing Rep. Mulvaney speak at a John Birch Society meeting in Columbia SC last July. I’ve heard a lot of officials speak to groups like JBS and America’s Party over the years, but Rep. Mulvaney made a lasting impression with me because he expressed much hopefulness about how cryptocurrency may help turn our nation onto a better economic path. I share his enthusiasm about this, and I’m delighted at the prospect that the Trump cabinet will include at least one member who understands the disruptive nature of “the future of payments”. My favorite cryptocurrency has a market value of approximately $8/coin today. The company’s target for value of the coin is steady growth to approximately three times the current value by the end of 2017. There are already 2.8 million people around the world who have or are set to mine these coins. The company’s goal is to have 10 million miners by the end of 2017, and to have over 1 million merchants accepting the coin as payment by then.

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