Bitcoin, cryptocurrencies and blockchain have already been embraced by the government and people of Malta — which has tried to establish itself as the world's "blockchain island."
Now, in an address to the United Nation's General Assembly, Malta Prime Minister Joseph Muscat has said he sees blockchain technology as the tool which will allow bitcoin and crypto to "inevitably" gain widespread, mass adoption and become the future of money.
Muscat has previously said he believes bitcoin and blockchain have the ability to eliminate third party service providers, giving users more freedom over information and money.
Bitcoin (BTC) is down 0.42% over the past 24 hours and is currently trading at $6,577.66 on Coinbase. BTC dominance is at 51.6% and the total cryptocurrency market cap is currently at $220 Billion.
Click here to sign up an account at Coinbase and get $10 worth of Bitcoin for FREE