Post
Topic
Board Speculation
Re: How much do you think the President’s recent comments have hurt bitcoin prices?
by
diahsw
on 16/07/2019, 08:31:39 UTC
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.


Trump criticizes bitcoin, Libra and other cryptocurrency through his Twitter social media account. He stated that cryptocurrency is not a currency, and the official US currency is dollars. He also called Libra must have a foundation. If Facebook wants to become a bank they must obtain a bank license and be subject to banking rules. Sharp criticism made by President of the United States (US) Donald Trump of the Facebook crypto currency, Libra has a negative impact on the development of other digital currency stocks. From the monitoring of the CoinDesk site, the price of bitcoin is currently relatively stable, there tends to be an increase. When this news was written, the price of bitcoin against the dollar reached 11,643.30 US dollars. This is enough to prove that Trump's criticism has not been able to destabilize blockchain investors, which has caused the price of bitcoin to decline. Until this news was written, both Facebook and the White House still did not comment.