TRUMP Hates Bitcoin?!?!?! – InvestingZamby

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TheAtlantic

5:15pm, 11Jul2019

Donald Trump Tweets;

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity……..Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National……and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
What I think;
It is official team, Donald Trump has finally spoken about Bitcoin and other cryptocurrency’s. As a fanatic of bitcoin myself and others hoped for this day, everyone was waiting for our president to come out and say something in regards to crypto. However, today was a bit different, see today, we are all not happy with his stance on Bitcoin and other coins.
Trump since taken office roles have not shied away from voicing his concerns of FaceBook. He has been one of the few that has talked about FaceBook taking away citizens privacy and has not held back at pursuing them.
Right now cryptocurrency is not doing too well. Majority of coins are down tremendous percentages and moving forward for the next few days we could see redder than we’d like.
This news is still breaking. Although, I would not get my hopes up, not sure whether Trump will say any more on the topic. If Trump has any other thoughts and plans on tweeting them in regards to Bitcoin and cryptocurrency I will be covering it!

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