Topic: Why are big leaders now opposing cryptocurrencies suddenly? (Read 1030 times)

Well, things may be a little more complicated than that

The truth is, we don't really know what Donald Trump's main focus is. I mean if it is actually about rejecting (read, banning) Bitcoin (if we assume he has been focused on cryptocurrencies at all, at least once in a while). As you correctly point out, the US is the strongest and largest economy in the world, so no matter how strong Bitcoin can potentially become, America will be the last to get hurt by it

The apparent implication is that it doesn't make sense to ban Bitcoin or any other cryptocurrency as they are not threatening the American dollar global supremacy (unlike Libra which could actually become a real pain in the ass). On the contrary, it makes sense to use cryptocurrencies to disrupt and destabilize weaker and weak economies with them (like the economy of Venezuela) by turning Bitcoin and other coins into economic hitmen of sorts

the world leaders were accustomed to using fiat money to control the world economy. if bitcoin continues to grow, their fiat money sovereignty will be threatened. if most of the citizens already use bitcoin they will no longer be able to control the economy of their citizens. so it's only natural that most world leaders reject bitcoin. but if I see today more and more world leaders are finally willing to accept change and can approve cryptocurrency.

They are afraid of losing control over the financial flows of citizens, and from their point of view, they do the right thing when they speak badly about cryptocurrency. They are also most likely talking about decentralized cryptocurrencies. Centralized cryptocurrencies, with the creators of which government can negotiate and track all transactions they seem to like.

This is the hard truth right there.  People who don't really understand your ideology and way of doing things will always fight you or laugh at you. Governments who are opposing cryptocurrencies basically do not really understand how they can transform the entire financial ecosystem of the world. Secondly, the idea of decentralization and no central authority are the main reasons why these people are opposing the adoption of cryptocurrencies. They prefer to be the once controlling the circulation of currency in the financial ecosystem.

Actually i think as crypto was new in world economy US President or any other big economy county tried to capture it under their hand. But when they saw that it is decentralized and they can not tract its transaction and person who transacting, they are fear about crypto against Dollar or any other currency.

So that they are naglacing crypto. nothing else.

Two things. Trump is absolutely right in rejecting the idea of Libra considering Facebook is behind the scheme. Facebook is notorious for selling user data and are experts in farming/exploiting user data and anyone should show trepidation when looking into Facebook's crypto attempt.

Second - Trump is the President of the strongest economy and largest economy in the world. Rejection of Bitcoin is of course going to be his main focus. It doesn't make sense for any centralized financial institution to support it.

That's the major reason, and some country leaders oppose it with a reason to promote their own cryptocurrency. If bitcoin is used everywhere, it might affect the usage of country's own cryptocurrency. Once people get used to bitcoin it is really hard to make them move into something new. Other than this there is fear of hacks and ransom attacks as governments are responsible for users if the cryptocurrency is regulated.

Totally agree with you. All the negative positions of the big leaders regarding bitcoin and cryptocurrencies are dictated by fears of losing control over the masses.
After all, if people get out of the control of state financial systems, this could put the state apparatus of many countries under a strong blow.

Hmm, you have only mentioned Trump and it is even just a single tweet then you are generalizing that big leaders are opposing cryptocurrencies suddenly? I don't think so. It is not true that many big leaders are against crypto, some even didnt know its existence. I am not a hater of crypto though, I am just stating some facts.

maybe their leaders or governments are worried that in the future money issued by the government will be taken over by cryptocurrency so that people with the presence of cryptocurrency will no longer use transaction tools provided by the government, maybe they will use the cryptocurrency system to transact with other users .

What's in trumps head is thin air. like most of his ideas just inflated air. He is a racist piece of shit and it amazes and sickens me that people voted for him. He hates so many things and has little to no love in his heart.
Very uptight little orange. Remember the great orange has the USD the best currency of all.

I am glad he fears bitcoin. Good fear it. Bitcoin is power. USA is the most ridiculous country in the world nd whenever I signup to websites involving crypto I often see that due to local laws the USA is not allowed to participate. I still would. I don't care. No one gives anyone th right to tell me where I can trade work and what sites I can use. So much for the land of the free. More like the land of slaves and manipulation.

We should just build a wall around trump  I think.

The relationship between Donald and Bitcoin may be more complex than it first appears

As a relentless and quite ruthless capitalist in the worst, Marxian sense of the word, Trump can easily say one thing, think another, and then do a completely different one. What it means is that he may love and hate Bitcoin at the same time. I know it is kind of schizophrenic but who said he is not one deep inside?

More specifically, Trump may in fact hate Bitcoin after all, but he may hate it less than any other regular currency out there (other than the American dollar, of course). In this manner, he may unwillingly and unconsciously come to love Bitcoin as it is not a real threat to the dollar but can be one in respect to other fiat currencies

It makes no sense for a leader of one country to be in favor of another currency, because that means that he is against his own currency. This trump talk is more about trying to knock down bitcoin and trying to prevail your currency.

Donal trump is not the most loves leader in the world right now. His hate for cryptocurrency is unexplainable. So I would not use his point as a reason to panic for now.
Leaders around the world might not openly admit it some of them a in a way into cryptocurrency

But how likely is that, really?

If Bitcoin was as stable as gold and remained as anonymous as it is (which is not given), it would definitely make sense. But since Bitcoin is as unstable as a chair with three legs, it may turn out to be too expensive a tax-evasion device. In other words, you may end up ever so much better off overall by paying these fucking taxes than trying to evade them with Bitcoin. But that doesn't mean cryptocurrencies don't get used for other criminal activities, of course (though the American dollar is the undisputed champion in this department)

It seems to me that, first of all, governments are worried that attackers should not use cryptocurrency to the detriment of the state and people.  First of all, we are talking about tax evasion.  After all, this is done by fairly large businessmen who hide unaccounted for millions of dollars in cryptocurrency.  In addition, perhaps it is a violation of certain laws and regulations with the help of cryptocurrency, for example, as soon as possible, Venezuela will use cryptocurrency to circumvent international sanctions.

We can't say there are many leaders opposing cryptocurrencies in my opinion. I see Trump is trying to lessen the interest in Bitcoin and I am sure that he will try to ban Bitcoin too. As you said, he is afraid of Bitcoin and he wants people to use the local currency.

I don't know what other leaders beside Trump you have in mind but I don't see that as a sudden change. Trump has a business background and as many other businessnem.he's not a big fun of cryptocurrencies but that is not the surprise.
I don't think that governments around the world are against cryptocurrencies, they are just very cautious. You can't expect they will just let something so volatile, unregulated and unsecure into financial system. They are aware they have to embrace cryptocurrencies but they want to minimise the risk and prevent possible consequences.

An important point that I can understand here is that the Government recognizes that the technology behind cryptocurrency can make financial market infrastructure such as payment systems more efficient. But the Government is only concerned about the risks that exist in cryptocurrency such as cases of money laundering, drug transactions, to other crimes.
In my country, cryptocurrency can only be used as an investment and trading instrument, this is much better because they don't prohibit it. Because so far the government has only banned use as a means of payment and will have problems with the law if someone violates it.

If a digital economic revolution happens, governments will suffer the most. No president or any government wants to be remembered badly. Especially if you're an egotistical guy like Trump, and you're also head of the USA.

Big leaders are opposing cryptocurrency because they suddenly realize the power to self control of funds has Increasing gradually, even though it may take some time but it has already began and that's is what trying leaders trying to avoid, the liquidity of personal asset of the cryptocerrency, bulk of the USA and EU sheeples are certified, pre-fleeced so that their savings and assets can not move during bank holidays.  A new one world currency is created when and if flagged currency inflate out of control - as this will be a global currency reset.

He is simply just trying to protect that their USD that is already getting week, and bitcoin should even be the least of his problem now, because generally, it is even strengthening the USD as against what he thinks because when it comes to pairing of currencies for trading, I think people even pair more of USD which means they get more increased fiat in USD which is still in a way protecting the value of the said currency.

There are more things at hand that trump needs to face and it is not the cryptocurrency that is the issue now, but the debt that he needs to settle which is getting too much and some trade wars that he needs to settle with china. That is where his focus should all be in now and not cryptocurrency that is doing nothing but to make their economy better.

Big leaders are opposing crypto because they suddenly realize the fire to self control of funds has started burning gradually, even though it may take some time but it has already began and that's is what they try to avoid,
in no time people will have full control of their funds without the interference of banks or government and this will be happening through cryptocurrency, and that is a big threat.

Well, there are different options (as well as opinions)

And Trump is known to keep his open leaving him enough room and space to maneuver. You couldn't actually expect him to be any different given his business background. He is totally pragmatic, through and through, even if that requires him not to look like he really is

What I mean to say is that he doesn't burn bridges behind him, so we shouldn't really expect him or someone like him (which is the majority of the power elites anyway) to outright ban crypto. More likely, they will try to weaponize it and use it for their own purposes and agendas (whatever those might be)

Where they in support of cryptocurrencies before? i mean was there ever a time when the big leaders have openly display their support to crypto other than their negative comments, they are not in control so majority of big leaders are not in support, all they ever done is make crypto look bad but to their surprise many still believe and support crypto, i really am not surprise to see them opposing because it suit them better.

Leaders like Trump think they can control the flow and volatility of Crypto currencies just be sending out one tweet. In a way they are scared about how this new form of digital money is giving power back into the hands of the general public.
The mere existence of crypto currencies is a threat to governments and banks because they have a feeling they will lose control over the population and how and where they spend their money. Banks regulate our funds according to their needs and with the emergence of crypto currencies, controlling the spending power of the public has become an issue for banks.

That is the main reason for the government and the country's leaders to against bitcoin. that bitcoin is very threatening to the country's economy in terms of the state budget. the country will lose its biggest income such as taxes, lose financial control because there will be a lot of mass migration to bitcoin, it is the end of government finance.

They are just indulging in a fight that they cannot win, even if US ban cryptocurrency today, that will still not stop it from moving forward and to get the world leaders to come together to ban it will be extremely impossible because some of those world’s leader too are already benefiting from the use of cryptocurrency in their country, sop stopping it is like removing a working feature from their system.

What I see in future is that the bitcoin will be accepted, no doubt about that, they will only introduce some sort of regulations that may not favor people, just as the US government has demand for Binance to separate its citizen to another platform which they are ready to do, but not in accordance with the will of the users, so many people may not like that idea.

It's about control, baby~

BTCitcoin hodlers need to know that the next financial crisis the symptoms will be different from those seen in 2008, dot-bomb bubble and even the great depression.  

to this end, they BTCHodlers shall realize the cause of this financial woes was indeed fundamentally different, by observing the following macro and micro-economic indicators:

1) Liquidity of personal asset: Bulk of the USA and EU sheeples are certified, pre-fleeced so that their savings and assets can not move during bank holidays.  A new one world currency is created when and if flagged currency (such as rmb, yen, dollar, etc) inflate out of control - as this will be a global currency reset.

2) The use of state-sponsored bond purchase and other open market operations is a world wide phenomena. (You trained Chinese by shows the world JPMC / GS buy back gumbent bond/assets, now commies are doing the same with ICBC/Huawei and others)

3) In Large metropolitan area, during economic crisis the convertibility of asset will be highly restrictive and computerized to make sure no one beat the system buy exchange asset directly with financial instruments that were blessed or certified by "mark of the beast".  This could be one world currency, dollar, and other beast coin that have chips and perfect tracking / surveillance capability (as well as capacity).  This may even require the track or chip of physical good and every day items using RFID and other technologies to avoid other medium exchanges from being used.

The banning of bitcoin is impossible.  What deep state and the NWO have done is to create various de-facto digital payment system that make bitcoin feels outdated and obsolete.  Bitcoin will obvious fight back with lightening channels and other off-chain solutions developed to allow easy adoption and every day use.  Flagged currency as it is are backed by man with guns and Fed can always hire the best analysts to deceive and fund on-going propaganda campaign with presstatutes and sheeps would continue to wallow in lameness.

Well it kinda obvious why the government leaders opposing cryptocurrencies is they don't like decentralization they only want a system that they can make money, taxed and control or regulate it. that's why the governments around the world is trying to set rules and regulations in investing cryptocurrencies and exchanges the this the part when it gets dangerous when an exchange got hacked it's not only bitcoins and other cryptocurrencies will stolen also all of the personal information and documents of their clients will get compromised too.


I don't think they will lose control their financial system if they allowed cryptocurrencies that's why governments impose rules and regulations on using cryptocurrencies and also, most people think that cryptocurrency is an investment rather than a currency though

The central banks have a massive ponzi scheme thats going down soon with the negative interest rates. this monetary system as we know it is a total scam, meant to rob you.

Like someone commented, btc is run by iundividual nodes across the globe, it cant be shut down. although there is about 80% of the circulating supply controlled by 2 % of wallets, but.... nonetheless, the usa is banning something that, under uc article 9, isnt defined.
Just like with mmj, they have to find a way to come out on top , once they find out then they make it legal.
i am no economist but if you think holding on to dollars/fiat is a good thing then ill happily buy more btc and altcoins. This ponzi scheme we call central banks are not going to last for long.

not only "taxes" but "controls" too.  The United States is one country that all want to be at hand, they are just afraid they cannot control the cryptocurrency.  
the reason from Donald Trump doesn't make sense to me,  He is afraid that Bitcoin will be used as funding for terrorists and other crimes!!!!  The blockchain technology used by cryptocurrencies is able to provide information on where each cryptocurrency goes out, so I think Donald Trump reason isn't right.

Why would Trump all of a sudden start to care about the volatility of cryptocurrencies?

There are enough assets which also have tremendous volatility and quite on par with crypto (like trash stocks). Even crude oil can be as volatile as fuck. There are financial instruments which are purely speculative, for example, volatility indexes, and they are named after volatility for a reason. Why nobody tells this dude about it? Or maybe, it is him who is not telling us the whole truth? But half-truths are often even worse than outright lies

Btc won't get banned by any regulations, even if some countries do it, most of them WON't because there is a opportunity for everyone, even for them. And regulations are bullshit, no one can stop you from using it.

One thing i know Trump is not entirely wrong about is the volatility of crypto, i mean we can all witness how the price will move upward or towards within a blink of an eye, but that doesn't stop many people to embrace the use of crypto which as mentioned is appearing to be a big treat to the government and some influential people, inspite all odds btc still standing strong and that is a sign of danger to 'em

If they are going against bitcoin to them, they will end up only making some mistakes that will make other countries richer and powerful tan then. Bitcoin system is what can be used underground without their knowledge e and it will be draining their financial resources is they are not making efforts also to make an input in it. 

This is exactly what Facebook did too, they were against cryptocurrency by banning all adverts as regards cryptocurrency, but what eventually happened in the end, they saw that other social media was already using cryptocurrency which is making them gaining more popularity and Facebook wanting to be on the lead, had to join them also after seeing the benefits of it to those that has already implemented it and using it. This is the same way that I believe US will turn back too.

He might have his reasons for not supporting bitcoin or Libra but that does not mean the bitcoin revolution won't take place.
It still has full chances to revolutionize the world globally. May be in the next financial crisis, may be sooner or later.
Unless and until there are people like us supporting bitcoin, bitcoin is here to stay and grow.

Most of the govts and big financial institutions are opposing cryptocurrencies,it may be because crytocurrency being a big threat to centralize banking system which indirectly may be a thread to base currencies. Being decentralize in nature, it is difficult to track transactions of cryptocurrencies and once it is adopted by common people, power from the centralized institutions will slip which are ultimately controlled by govts. I think the increasing demand and popularity will force govts.to recognize cryptocurrencies.

For newbies in crypto, they might panic hearing their thoughts about crypto. But for old timers here, our lives go on. We don't need them to invest in crypto. I'd say later on, I believe their staunch on crypto will change. Maybe, they need to be intensively educated with cryptocurrencies and blockchain, so they will learn the benefits that a specific institution can derive from it.

Do we need permission from them before investing in cryptocurrency? ts surprising that the big leaders are now opposing cryptocurrencies because they know what cryptocurrency can do. Sometimes its really ridiculous. They just want us to panic.

Yes, let them say what they want. If we follow them, it only makes us panic, and they will be happy to see the panic of the people so they can use the moment to get the benefits. If we can stay calm for everything they say, they will search the other way to make us panic again and again. They will stop for a while if people don't listen to them, and maybe they will confuse to find out how they can make us panic.

Do crypto community really need their consent to be what we want ? No , so let them stay their lane and we do our thing as we grow , JP did more than this and where is he today ? So I think we only need to focus on our lane and be happy that it can't be killed for their own selfish interest.

Trump always makes controversial statements. I am not surprised by his statement about Bitcoin and USD. Just chill out, it doesn't affect so much on Bitcoin improvement. It is like John McAfee becomes controversial on his statement, so Trump also did it.  
Moreover, he is the USA president, people will be attracted to his statement for sure.

The governments themselves are not threatened, but their ability to manipulate the money is. Such as overspending and then hiding it by making everyone poorer (filling the gap by printing some more). These types of governments are better to cease to exist. Separation of money from State is good. No more lies, no more playing with people's money.

There is also a LOT of corruption with this in many places. The worst example always lies with the worst inflation, which is my country of course.

They fear that they cannot change the rules of money on a whim. They have been accustomed to sign a decree overnight to fix some stupid mistake of theirs (or to cover some thievery). Well good riddance.

Those countries more used to transparency, freedom and sane economies, are more willing to open themselves and embrace Bitcoin. The dirtiest are the ones opposing it the most.

That is normal that they are against it because cryptocurrency and blockchain is mainly means decentralisation of transactions and financial system. You will not need any mediator such as banks which also includes the central banks. They dont want to see power of controlling slipping from their hands. All big financial players will be erased if crypto and blockchain continue to empower. Which means whole financial system can change and big players are well aware of it. I can say it is freedoom of finance because power will shift to the people.

However, I think there are also possible concerns that governments have right to be worry about. And it is regulation, governments worry about how the regulate and track all the crypto activities. So as a result fraud and scam risk will increase tremendously. I would say they are against to it, because for some way have right to be against it but also for some way they just against it because of their own interest. It is a double edged fact.

It is not necessary to take everything negatively. I agree that Trump was very hostile to Bitcoin in his communications. But at least he didn't threatened to jail Bitcoin users or to close down the mining farms (unlike some of the third world politicians). But again, did we actually expected Trump to take a friendly approach to Bitcoin? For my part, I didn't.

Now coming to the core issue, I am gladenned by the fact that the most powerful person in the earth has mentioned about Bitcoin. Although his tone was negative, whatever he said would result in millions of new users to Bitcoin. For me, Donald Trump just gave some free publicity to Bitcoin without charging a dime (which is quite surprising for a shrewd businessman like him).

Trump is the American president and I think he is playing that role which is, supporting the American dollar. Maybe if he wasn't the president, then I could be surprised.

Certainly, cryptocurrency and bitcoin are playing a role of modern payment. What can we do about that...

I think we should keep these lines in mind for starting any new venture or while stepping into any new technology.

OP the tweet was done long ago(weeks ago) and it had no much effect on the market.

We don't know what their reason is. But perhaps, it's because they cannot control cryptocurrency and they could only see the price moves up and down. There are many possibilities why they do that, and I don't think that they will tell the reason. As long as we could still use cryptocurrency, we should use it while we still have time to earn more money. We could hope that the government will realize that cryptocurrency is not an enemy for them, and cryptocurrency can help their people to gain the benefits for their lives.

And how do we actually estimate the strength of the dollar?

I know of one such measure, it is called the USDX (the US dollar index), which is the value of the dollar relative to the value of a bunch (so-called basket) of other major currencies including, ironically, already mentioned Euro. And this index has been pretty solid recently. In fact, it has been on a steady rise since early 2010s:



But probably you have some other metric reflecting the strength of the dollar other than the USDX


In Soviet Russia (corrected) in Trump's America they just shoot you down and get done with that

Because they are really threatened today as never been before. Gone are the days when they could simply laugh it out and even jeer at Bitcoin as a nice experiment or a bubble or out of thin air. Today, they are seeing the reality that Bitcoin is unstoppable. They urgently have to say something that will push the USD up.

And if you add to this the very ambitious and most probably extremely disrupting grand plan of the Libra project, they must be very scared to the bones that their citizens might suddenly stop using their fiat currency one day.

The governments are getting pressured by the banks, pretty much it brother. They don`t want to be JFK 2.0
Some of the governments doing it as reverse psychology while they collect.

their concerns are not wrong, the facebook cartel coin could break the banks and become a monopoly even worse than the traditional financial system.

Coz they re afraid of btc, that's obvious.

I believe that the protection of the dollar is in the interests of many states, because it is thanks to the dollar that their economy holds on.  Perhaps that is why until now no one can legalize cryptocurrency and constantly express unconfirmed fears about this.

The president just needed to speak out that the US dollars is still very much reliable and strong, he just assured the international community that despite the debt the US government is owing, the US dollars is still strong. We don't know for how long the US dollars will greatly loss its value and relevance. 

I believe that alarms soared when Facebook announced that the year 2020 will launch its cryptocurrency, is one of the most influential companies in the world, has more than 1,000 million users and immense capital to take a good portion of the market, which has its risks of not taking some measures, then it is normal that the rulers are taking some precautions, what is certain, is that the rise of cryptocurrencies does not stop.

How many instagram users will spend money through this application if they can? How many facebook users will buy a cryptocurrency endorsed by their social media platform.

It's not going to be as huge as you're saying. Most people who use social media or communicators don't associate them with payments and don't think of shopping there when they have easy access to amazon and ebay.

https://finance.yahoo.com/news/congressional-leaders-drafted-bill-ban-210905723.html

So there we have it. Someone is proposing the "Keep Big Tech Out of Finance Act" which would prohibit tech monsters from becoming financial institutions.

'It also seeks to prohibit these companies from "establishing, maintaining, or operating a digital asset that is intended to be widely used as a medium of exchange, unit of account, store of value," as defined by the Board of Governors of the Fed.'

Donald Trump protect the interest of the country and he protect the dollar currency ofcourse we need to understand that decision from him, therefore all we need to do is pray for trump to seen the importance of bitcoin or crypto currency in general to convince him and encourage how bitcoin can help to the people of states. Because isn't a economic sabotage is give help to the growth the economy increase.

Don't forget that these statements can be special. These people can say so to achieve some specific goals. So listening to them does not make sense.

Now they re afraid of Libra I guess, not btc. Libra will have everything: facebook, instagram, what'up. Imagine how many people will use it. It will be a serious market which won't depend on btc.

true

They are trying to do is spreading fake news and show a very very bad situation .All those comes with the profits.So they are waiting till their news works. If they got that,Every bull situation that comes with people that who have.Don't get caught to their news.HODL

That's what I'm thinking too, just like the famous people did before. They have said bad words and bashed bitcoin for their own interest and that made the market plunge as it plunges, they had now a good entry that benefited them well.

But we can also be wrong, it's either that he's really not into it because he's the President and he shouldn't support such things that will go against to his serving purpose.

Because of Libra.

Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.

Real crypto will sneak up on them no matter what.

you say its because libra .....libra is working with the big boys like paypal and visa and other she is part of the system this coin and backed(scam) by usd....


what you say its complete bullshit.

they hate this because taxi hate uber...nothing more in between.

when you say: governments didn't really care about cryptocurrency

hell this is the most shit i heard in my life and its like to say taxis dont give a shit about uber....

governments behind usd and euro and other shit and all power is around money and its much more deep and you say governments didn't really care about cryptocurrency...

mate sorry for the question in which school you was???

they fear crypto like taxi fear uber

This is all because of Libra. Most governments didn't really care about cryptocurrency, until Facebook became serious about their coin, which happened only recently. If you remember, there was a lot of scandals around Facebook in the past, so this time governments want to be proactive and take measures before a problem arises, instead of dealing with Facebook's mess later. I don't think anyone has problem with alternative payment methods, after all, there are PayPal and Venmo and others, and banks don't panic that those are going to take all their users. The problem is that Facebook will get access to financial data of millions or even billions of people, and will share it with others, and then inevitably cause a lot of harm to people. Facebook is becoming too powerful, simple as that.

the ones that ask why taxis hate uber its the same with why they hate crypto ...

so if someone ask why tell him he need doctor very fast....because kid in age 7 know why taxi hate uber

and rich people from paper money also like the taxi compare to uber

the ones that ask why taxis hate uber its the same with why they hate crypto ...

so if someone ask why tell him he need doctor very fast....because kid in age 7 know why taxi hate uber

and rich people from paper money also like the taxi compare to uber

They stand against crypto until they decide into it and find a way to make extra billion dollars from crypto. I think he doesnt even know what blockchain is.

I am against it too so i can understand why they were saying it.

It is pretty simple that this coin is going to generate a lot of questions and make a lot of people doubt about what to do. I mean, it's Facebook. Even after all the scandals it still has a pretty solid user base, not as nice as it was previously but the difference between what happened to them and what would happen to someone else who did something like that is noticeable.

If Zuckerberg is good at something is about making noise.

Actually people don’t listen to him as a president because more of them have no trust and believe in every words coming in his mouth.maybe better say that media does,they listen to broadcast and to gain another publicity,just like the way report comes every time

But I believe trump only wants to benefit from cryptocurrency that’s why he is making this press releases ,if what’s the intention?its for us to find out

While there was only Bitcoin, with no powerful company behind it, they didn't feel threatened, but the birth of Libra has changed the game, making them look more carefully at crypto currencies.
Somebody like Trump has to protect his country's currency. It's about the trust in the economy, the signals to investors and so on.
Also, as I said on another thread with similar subject:

That is why I say that most governments of a country are blocking the use of cryptocurrency as a media transaction because it will eliminate the role of the government but still trying to apply blockchain to several sectors that might be able to accept its technology.

I agree that One United World in a literal sense is not possible. But what if one united world is only in one aspect, trading or payment for example, where we can sell and buy goods across countries without any restrictions from the government of a particular country? Of course, assuming that all countries accept the use of cryptocurrency as a legitimate payment medium.

Everything he says is almost always negative which is why most people around the world don't think of his words too much. Many americans themselves don't consider him as their president.

Its funny that you think that many people care about his opinion just because he is the most powerful man on Earth. He is shilling the dollar and nothing more.

Yeah he's a businessman and also into economics. Same thing that we've heard with those economics expert telling their opinion about bitcoin. But who knows if he's really telling what he feels about bitcoin or there's something inside with his tweet.

People want to listen to him because of being the president and everything he says something becomes of the trend.

A situation like this is not even hypothetically possible to have one united world, the world revolves around competition and you can compare everything you see in your daily life and you will see the competition factor, so unity is a dream that will not be achieved in a normal world  .

@OP I see that Trump tweeted about his point of view, the problem here is that almost every stock trader or financial investor invest in something seeing the potential and the growth using constraint , you can view it in away way or form but mathematically constraint is used to determine how they evaluate things with a set of factors including company performance and policies to determine where they are heading to achieve their goals, but when it comes to bitcoin market or the crypto market in general there is not set constraint as the market moves based on supply and demand solely and that confuses almost all investors as they do not understand how to set a correlation, the only solution is to accept the new market and move on  .

Absolutely and not only their banking but the whole world,we knew how huge money from the bankers to lobby the government and I believe that same reason why some governments go against cryptocurrency specially bitcoin because of their benefits from banks and maybe some are owned or manage by them

Correct same as whales strategy to bring the value down so they can buy freely and very cheap,we also know trump being a businessman and everything that can give him profit is surely will be his priority

This is the same guy who had several failed businesses and who were declared bankrupt six times? https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019  So, you want to take advice from someone that cannot even manage his own financial matters properly?

This is also the same person that has zero respect for women.    He was recorded and I quote : “when you’re a star, they let you do it”  “Grab them by the pussy” Trump says. “You can do anything.” .... 

Is this the kind of guy people want to take financial advice from? Wow!!!

I don't think any big or famous leader are opposing Crypto other than Trump although some nations are againts Crypto but it doesnt mean that their President are against it but they just depending on their cabinet members decisions. Trump is honestly against Crypto investments but the good thing is he never urge his administration to do not support Bitcoin but only his personal opinion regarding the existence of Crypto currency.

I have a doubt with what he said and he's just trying to push the prices down so that he can enter. Just like the typical Jamie Dimon move and other well known personality did to bitcoin and suddenly admitted they are into bitcoin.

But let's assume I'm wrong on that part and being a leader, he would always oppose to what opposes the government. Bitcoin is decentralize and it's against to what the gov't has in finance/money.

As if all the leaders in the world would take serious actions on what Trump says in his social media accounts. Aside from that we can't really be sure what lies beyond the reasons that some of the country leaders has to go against crypto suddenly. maybe they want it to pull down the price back in order for them to ride the tide. It is still unpredictable, human is constantly changing and that includes their decisions whether they would accept crypto or not.

Fear that soon enough their people will realize that their banking system does not protect their money anymore (INFLATION RATE). In this rate may will go to the most viable candidate that holds enough INTRINSIC VALUE in the long run ---BITCOIN and other coins.When this scenario happens surely their government will fall to the grounds like rubble.

OP link the tweet at least https://twitter.com/realDonaldTrump/status/1149472282584072192


Donald J. Trump
‏Verified account @realDonaldTrump

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!

_______________________________________________________________________________ __________________________________

Well at least bitcoin is backed by thin Air, What is U$D backed by? $lavery and or nothing. What a goof, most dominant in the world because you invade other countries who do not accept your $cam $hit $lavery money.

IMPEACH THIS FUCK, AND ELECT YOURSELF!   

Most Leaders around the world are of older generations with old thinking. They always are skeptical about new changes , be it in their own lives or outside. Almost all leaders want to control the masses in every country . Having a centralized banking sector will help them achieve that , cos they can control and manipulate the masses with various means.

But cryptocurrency is changing that mindset, it is giving the power to the people. People can decide where to keep their money , either in the bank or in a hardware wallet which government cant control . So in other words government is wary about losing massive tax as they wont know how much one person has in his portfolio in that hardware wallet.

Also right now there are many privacy coins or tokens are coming , which then makes it near impossible for anyone to check the source.

It is all about control and leaders are mostly business people themselves. They want to control the masses always and never ever want anyone do their own thing .

Almost all governments are generally threatened by the existence of cryptocurrency. This can be understood because the government might be afraid of the decentralization system which is the basis of the cryptocurrency. Although they acknowledge that the technology behind cryptocurrency can make financial market infrastructure such as payment systems more efficient, they still worry about the risks that might arise with the existence of cryptocurrency itself, for example, the potential for financial crime, security violations (hackers), operating failure and others. Apart from that, the existence of cryptocurrency is still considered to disturb the financial stability of a country because no one can control it.
But in my opinion, the most feared thing by the government if in the end cryptocurrency is accepted as a legal payment instrument is the absence of a role from the government itself. The central bank can no longer be a transaction mediator, the government can no longer manage the transactions that occur, all will be done peer to peer between users. At present what the government can do is accept cryptocurrency as an investment instrument while studying the application of blockchain technology to all sectors.
If at any time, I don't even know when, cryptocurrency is generally accepted throughout the world, then Mike Tramp's dream when creating When The Children Cry songs will be real. "No more presidents, And all the wars will end, One united world under God"

leaders? as in plural? it was one tweet by Trump!

why? maybe because US dollar has been losing its place in the world despite what he is saying in that tweet, US dollar is no longer as strong as it once was. the sanctions, the war with China, the other viable options such as Euro, the corrupted banking system,... are the reasons why.

also this in some ways reminds of the Gandhi Quote:
"First they ignore you, then they laugh at you, then they fight you, then you win"

Hey

So Trump stated that he is not a big fan of cryptocurrencies including Bitcoins and Libra if it wants to come in the market may need a banking charter since they support unlawful behavior.

He also went ahead to say how the price if based on thin air.

I think these are the following reasons which compelled him to make public statement along with all other influential people.
(I don't personally consider Trump influential but UK ...he is the US president he may ban Bitcoins at any time so let's just go with it 😂)

1. He just wants to rekindle the public interest in Dollar , which infact is showing a weak growth this year.

2. He is scared that people are more interested in cryptocurrencies like Bitcoins and libra whose value he stated is * volatile and based on thin air*, which in turn is an excellent opportunity for the traders , they may get daily profit , which is more than USD

3.he is just scared that Facebook cryptocurrency despite being a cryptocurrency might just be converted into a bank and it could dominate all the existing ones , let's be honest even my grandma is on Facebook' it is going to spike public interest so fast.

I think whatever he said and whatever others are saying about Bitcoins and other cryptocurrencies is not because they are scared it might bring unlawful behavior , but infact because they are scared it will give the power to public , the public money will be theirs to hold , and the banks and governments can no longer regulate it. Their own currencies will become weak .
It's not concern of society , it's just they fear what revolution it might bring.

( Let me know if you guys need the link about what's being said but I actually just summed up the 2 page article the main points are in the starting para only.)

For people who insists on saying it was only one quote by Trump:-

" Trump joins other government leaders and central bank chiefs including Federal Reserve Chair Jerome Powell, French Finance Minister Bruno Le Maire and Bank of England Governor Mark Carney to speak up against Libra"