Donald Trump Has Criticized Bitcoin. Crypto Community Liked This One
Recently, the US president expressed his ambiguous position on Bitcoin and the other cryptocurrencies on his Twitter account.
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....
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Despite the negative statement, after the tweet, the rate of coins began to rise immediately. Bitcoin and the crypto community has met the event as something of a psychological threshold that could not be passed before. Recall, before that, Trump did not comment on the cryptocurrency.
The head of one of the largest cryptocurrency exchanges Coinbase, Brian Armstrong, said that Trump just needed a public censure of Bitcoin. Partly because it once again proves its censorship and that even world powers cannot control or suppress it.
Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. First they ignore you, then they laugh at you, then they fight you, then you win, We just made it to step 3 y'all.
Armstrong can be perceived as a mirror of violent moods in the crypto community. Some thank Trump for making the biggest free publicity. A surge of interest in Bitcoin is already recorded in Google Trends, and the average people are discussing cryptocurrencies in social networks with might and main.
Crypto entrepreneur Simon Dixon also considers this event positive.
Congratulations $BTC community - the president of the United States feels we are worthy of a tweet now.
As the presenter of RT and longtime Bitcoin bull Max Kaiser notes, Trump wiped out his chances for re-election in 2020. At the same time, eToro senior analyst Mati Greenspan described the statement as the first nominee for the most bullish tweet of the year.