--- title: World Leaders Are Embracing Bitcoin description: Bitcoin has made headlines in the past week as the value skyrockets. How are world leaders responding to the cryptocurrency? 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[Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) 1 min read # World Leaders Are Embracing Bitcoin [Admin](https://scottandco.com/blog/author/admin) Dec 8, 2017, 12:00:00 AM [Blog](https://scottandco.com/blog/tag/blog) ![World Leaders Are Embracing Bitcoin](https://scottandco.com/hubfs/Imported_Blog_Media/ThinkstockPhotos-AA046806_resized-3.jpg) Bitcoin has made headlines in the past week as the value skyrockets. How are world leaders responding to the cryptocurrency? In an article from Business Insider, author James Stafford writes, “ [Cryptocurrency](http://markets.businessinsider.com/currencies/cryptocurrencies) may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. It can help fund terrorism and its anonymity makes it almost impossible to track. Most importantly, it is poised to revolutionize global finance and banking”. In the article, Stafford discusses: - The period of uncertainty is over - Threats and opportunities - The crypto ‘embrace’ is all about control - Investors flock to the future Stafford continues, “From China and Russia to North America, virtual is the reality. It’s no longer a question of whether cryptocurrency will survive. It’s a question of what it will disrupt on its way to the top of the global finance chain”. The rise of bitcoin has government's attention and they will act. How will this impact your business and businesses throughout the world? To read more, see the [full article](http://www.businessinsider.com/bitcoin-world-leaders-embracing-for-fear-of-losing-control-2017-11) from James Stafford in Business Insider. - [Tweet](https://twitter.com/share) ![Scott Logo with Tagline - FINAL-ReversedText](https://scottandco.com/hs-fs/hubfs/Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png?width=300&height=92&name=Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png)   ##### Quick Links Quick Links - [About](https://scottandco.com/about) - [Services](https://scottandco.com/services) - [Industries](https://scottandco.com/industries) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) ![SCBIZ BPTW logo 2026](https://scottandco.com/hs-fs/hubfs/SCBIZ%20BPTW%20logo%202026.png?width=150&height=158&name=SCBIZ%20BPTW%20logo%202026.png) Proud to be named a South Carolina 2026 Best Places to Work—our 12th year on this prestigious list. 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