Just in the final number of hrs, the cryptocurrency industry has been talked about by two effective males. Fed Chairman Jerome Powell stated that “Bitcoin is a speculative reserve asset similar to gold”. This sharing of Powell will possibly make folks have a additional favourable see of the cryptocurrency industry. However, if we see President Donald Trump’s tweet just lately, this positivity will be extinguished straight away.
“I am not a fan of Bitcoin and other cryptocurrencies, they are not currencies. Their values are highly volatile and unfounded. Crypto assets that are not regulated by law can facilitate illegal activities, including drug trafficking and many other illegal activities…”
Besides referring to Bitcoin with a see that crypto traders will take into consideration unfavorable, this effective president also did not neglect to mention Libra.
“…Similarly, Facebook’s ‘virtual currency’ Libra will have little standing and credibility. If Facebook and other companies want to become a bank, they have to find a new banking charter and have to follow all banking laws, like other banks, both nationally and internationally. economic.
We have only one real currency in America, and it’s stronger than ever, it’s safe and reliable. To date, it is the most powerful currency anywhere in the world, and it will be. It is the US dollar.”
Unlike the Fed chairman’s share, President Trump frankly expressed his “dislike” see of Bitcoin the very same way he applied to do on lots of other troubles. Not only Bitcoin, but Facebook’s Libra also fell on his blacklist. In addition, he expressed his view in favor of the USD, he stated that only USD has power and it will carry on to be.
This statement by Trump has stirred up the crypto local community.
Bitcoin Magazine responded to Donald Trump:
“The new fiat currency is the best tool to facilitate drug trafficking and illegal activities, there is no public ledger that records the history of transactions made.”
Another person countered Trump:
“The dollar has no basis either.”
Another person named Satoshi Flipper answered pretty humorously:
“Of course you have to say the dollar is everything.
He’s backed by banks and Fortune 1000 businesses.
Short Trump, long Bitcoin guys.”
This statement of Donald Trump looks to be acquiring a good deal of “brick” from persons who adore cryptocurrency.
We can also plainly observe America’s democratic liberties in the way these persons reply to President Donald Trump’s Twitter. They do not hesitate to express their views, even criticize the president right.
It is pretty intriguing that just after Donald Trump posted this data, the Bitcoin value showed an uptrend. Perhaps Bitcoin itself is also dissatisfied with Mr. Trump’s views and needs to “frustrate” a shot.
What do you feel about this statement of Mr. Trump? Please share your views with tiendientu.org!