President Trump Tweets About Bitcoin and Crypto Community Goes Berserk with Bullishness

  • The US President says, Bitcoin based in thin air, crypto community asks, What about USD?
  • The running sentiment in the market is bullish, actually, the best buy signal ever

So, today, US President Donald Trump took to Twitter to talk about Bitcoin and cryptocurrencies. Trump’s views on digital assets are no different than the mainstream media or the majority of the regulators.

He isn’t a fan of cryptocurrencies that “are not money” but highly volatile and based on “thin air.”

So, it’s exactly like the US Dollar, then?

Back in March, the chief economist of ECB cleared it out that fiat money isn’t any different.

As a matter of fact, Bitcoin is far better, at least it has a hard cap, in that regard.

According to Trump, unregulated crypto assets facilitate illegal activities.

As for Facebook's new cryptocurrency project Libra, Trump says, it will have “little standing or dependability.” And if it wants to become a bank, they will have to be subject to all banking regulations.

“First they ignore you, then they laugh at you, then they fight you, then you win”

Trump’s attack on cryptocurrencies has been rather met by positive enthusiasm.

“Bitcoin achievement unlocked,” said Vijay Boyapati adding, eventually these turn will turn positive as “it will be politically expedient to be supportive.”

“The president of the United States tweeting about Bitcoin. Who would've thought this project would come so far in the few years it's been around?,” said popular crypto trader DonAlt.

The running sentiment in the market is bullish as Balaji Srinivasan, CTO of Coinbase says this would be a routine in the next ten years and every nation-state may even be holding crypto.

The Best Buy Signal Ever

“This is the best Bitcoin buy signal” is how the crypto community feels as Tuur Deemester states, “Afaik this is the first time a seating US president has publicly opined on Bitcoin.”

Crypto twitter also believes trump might be feeling FOMO because he either bought at $20k or didn’t ‘buy the dip.’

“Both the US President and the Federal Reserve's Chair had something to say about Bitcoin today. Historic day! I bet both secretly hodl some BTC,” said economist and trader Alex Kruger.

To get on the action of Trump tweeting Bitcoin, scroll here.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Chart News

Today's Latest Crypto News

BitMEX Adds Native SegWit Support to Bitcoin Withdrawals, Non-Native Support Coming to Wallets

BitMEX adds native segwit address support, Bech32 to reduce transactions fees The exchange will add Segwit non-native support to its wallet that will...

Equilibrium’s EOSDT Stablecoin Backed By Stability Fund Smart Contract, With Automatic Payouts

The insurance payout is programmed into a smart contract, requiring certain activities to take place to trigger it. CEO Alex Melikhov hopes that...

Hackers Take Over Amazon Ring Camera, Demanding 50 Bitcoin Ransom While Setting Off the Alarm

The hackers infiltrated the Ring doorbell to make it seem as though they were outside of the couple’s home. Tania Amador was threatened...

Binance To Launch Fiat Gateway, Latamex, In Brazil And Argentina; Can Buy BTC, BNB, BUSD, ETH

The world’s largest cryptocurrency exchange platform is expanding its services in Latin America. Binance announced on 12th December via press release shared with CryptoGlobe...

All Roads Lead To Bitcoin (BTC) Price Dropping Back Down

Analyst Magic is extremely bearish, predicting a 60% drop in April 2020 After the first week of trading sideways, Bitcoin has started slowly making...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.