Donald Trump Not a Fan of Bitcoin And Crypto? Too Volatile, He Says
Wow, just wow. Donald Trump, the president of the United States, has openly commented on and crypto assets. On Twitter no less.
This is presumably the businessman-turned-most powerful man on Earth’s first public comment on the cryptocurrency space since he began his presidency.
Donald Trump Talks Bitcoin & Crypto
On Friday morning (Asia time), Trump on the cryptocurrency space in an odd turn of events. Presumably responding to the Federal Reserve chair’s comments on Bitcoin, Libra, and related topics, the business mogul explained that “he isn’t a fan of Bitcoin and other Cryptocurrencies”.
As to why, Trump quipped that he doesn’t believe that digital assets are money, adding that they are also known to be very volatile and “based on thin air”. Many of cryptocurrency’s pundits that U.S. Dollars and other fiat monies are similar, in that they are only worth as much as people value them.
Anyhow, that aside, Trump went on to state that unregulated cryptocurrencies can “facilitate unlawful behavior”, touching on the argument put forth by organizations like the IRS, FBI, and so on and so forth.