How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency?
He's a good guy but a slow learner. He is wary about the economics if crypto came as a common replacement for fiat. The whole world economics has been based on taxes on fiat.
And it would really be difficult to run a government if people don't pay their taxes.