Trump Pump? Bitcoin Price Buoyant After US President Says He’s 'Not a Fan'
https://cointelegraph.com/news/trump-pump-bitcoin-price-buoyant-after-us-president-says-hes-not-a-fan
Bitcoin (BTC) was starting to reverse upwards July 12 as a critical tweet from United States president, Donald Trump, became a hot talking point across cryptocurrency.
Topic: [2019-07-11] Trump apparently knows what Bitcoin is, and he doesn’t like it - page 3. (Read 719 times)
July 12, 2019, 02:35:35 AM
July 12, 2019, 01:10:33 AM
Nah, I think Libra was just a wake up call for the US government that there are private companies with enough muscle and funding to take on their monopoly on currencies. They do not like this at all and Donald Trump is all about the protection of the US Dollar and the US economy, so this is seen as a possible threat to the US reserve currency. 
They also know if they allow the Libra, then other large companies will follow Facebook's example and this will cause a snow ball effect, that would negatively influence the value of the US Dollar.
They also know if they allow the Libra, then other large companies will follow Facebook's example and this will cause a snow ball effect, that would negatively influence the value of the US Dollar.
July 11, 2019, 08:54:39 PM
Trump is tweeting about Bitcoin -- and Facebook's Libra -- and apparently isn't a fan of either one. About 1.5 hours ago, he published this series of tweets:
Link to tweet: https://twitter.com/realDonaldTrump/status/1149472282584072192
Link to story from The Verge: https://www.theverge.com/2019/7/11/20691188/president-donald-trump-bitcoin-cryptocurrency-facebook-libra
The whole Libra thing is beginning to feel like a Trojan horse. Congress immediately used it as a pretense for cryptocurrency regulation. Now Trump is signalling that he might support a clampdown as well.
Quote
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!
....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!
Link to tweet: https://twitter.com/realDonaldTrump/status/1149472282584072192
Link to story from The Verge: https://www.theverge.com/2019/7/11/20691188/president-donald-trump-bitcoin-cryptocurrency-facebook-libra
The whole Libra thing is beginning to feel like a Trojan horse. Congress immediately used it as a pretense for cryptocurrency regulation. Now Trump is signalling that he might support a clampdown as well.
Jump to: