The controversial billionaire–cum–leader of the free world shared his disdain with cryptocurrencies such as Bitcoin and Facebook’s upcoming Libra in a string of tweets earlier today.
Trump said cryptocurrencies were not money and took issue with their highly volatile value “based on thin air,” as well as their potential to facilitate criminal activity.
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.
We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable.