NYPost Finance Writer Urges Trump to Find Bitcoin Manipulation Source, Calls BTC a “Fake Digital Currency”
A New York Post specializing within the field of Finance, John Crudele, has supposedly written a letter urging authorities in the US, European Union (EU) and China to investigate the source of Bitcoin price manipulation report News BTC. This obviously comes after BTC’s recent surge in prices, which many deem the aftermath of the end of a bear market.
Crudele holds a negative viewpoint towards BTC, calling it a “fake digital currency” and the
“definition of a con”.
He trusts BTC’s value is merely a product of confidence and nothing more – emphasizing that its real worth is $0 – something that he has been expressing at BTC’s all-time high and lows.
As for who the letter was directed towards, at least in the US, it seems like the columnist went for Donald Trump because he trusts the President is a regular reader of the column. More specifically, he said:
“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting now […] No need to even make a phone call.”
Crudele has been frowned upon by the crypto community, as his viewpoints towards BTC was never really backed up with evidence. The Block’s researcher, Mike Dudas supposedly fired back at the columnist’s “Bitcoin will soon be worth zero,” calling it a “very lazy BTC trolling.” The Co-Founder of Morgan Creek Capital also noted that Crudele’s worth will one day become zero.
Despite all the hate that Crudele has garnered, it seems like the columnist doesn’t care. In fact, it has been reported that he keeps track of who responds negatively to his posts. Furthermore, he refers to Warren Buffett, who seems to also share his distaste for cryptocurrencies. Crudele also notes that his intent is not to post hate but to warn investors against a risky investment.