The Bitcoin (BTC) community had mixed reactions to the first crypto summit at the White House held on March 7. Some see this event as a historic milestone for Bitcoin and the crypto world, while others describe it as disappointing. Well-known cryptocurrency trader Miles Deucher evaluated this summit as a ‘significant positive event’ for Bitcoin. Kyle Samani, managing partner at Multicoin Capital and a participant in the summit, called it a ‘historic moment’ for the cryptocurrency industry. However, figures like Justin Bächler, hardcore Bitcoin supporters, criticized the summit as a gathering of lobbyists aiming to promote government-regulated tokens. Following the event, the price of Bitcoin dropped by about 7%, a move that many interpreted as a cautious market reaction to the summit.
