Post
Topic
Board Bitcoin Discussion
Re: Why president Donald trump is not a fan of bitcoin?
by
davis196
on 16/07/2019, 16:58:44 UTC
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

Trump is an old guy and old people usually hate innovations and new technologies.They prefer to stick with the status quo and the things they are familiar with.He is like Warren Buffet-a fanatic fiat money supporter.
The value of paper money isn't based on thin air,I guess. Grin