Post
Topic
Board Bitcoin Discussion
Re: President Trump going against BitCoin | JP Morgan Using BitCoin to trade drug
by
nankers
on 01/08/2019, 15:37:14 UTC
Mr Trump Says this for the thirld world technology BitCoin - 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....

Here is the tweet by TRUMP - https://twitter.com/realDonaldTrump/status/1149472282584072192

And this happens in the real world  - U.S. Authorities Seize 20 Tons Of Cocaine From Ship Owned By JP Morgan, and My friends the Cocaine was worth - $1.3 billion, article for your reference - https://www.cbsnews.com/news/ship-seized-in-1-3-billion-cocaine-bust-is-owned-by-jp-morgan-chase/
Since Trump became president of the US, maybe he wants the policies of the American economy to run like he does his business before becoming president. As you know, trump is one of all the richest people in the world where at that time (when he was running his business and also maybe he is not use bitcoin for they business) bitcoin was not as famous as it is today. But bitcoin and its users right now are not the same as before. Bitcoin users now know the effects of the good and bad use of bitcoin. So I don't think any statement will have any effect on bitcoin users. And the problem of bitcoin misuse, don't just judge from a bitcoin perspective, because bitcoin is only a tool for trading transactions. An easy example is if someone uses money to buy drugs or weapons, will we blame the money used? Of course not, right. So what I mean here is if there is misuse of bitcoin, don't blame Bitcoin for being used as a crime transaction, blame those who use it