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Donald Trump Finally Tweets About Bitcoin, and He’s Clearly Not a Fan

  • Alex Dovbnya
    📰 News

    Donald Trump adopted a negative stance on Bitcoin and other cryptocurrencies, but the crypto community tried to persuade him 


Donald Trump Finally Tweets About Bitcoin, and He’s Clearly Not a Fan
Contents

The US President Donald Trump has finally publicly voiced his stance on cryptocurrencies. In his recent tweet, he claims that cryptocurrencies are not money given that they are highly volatile and based “on thin air.” Moreover, according to Trump, they tend to facilitate criminal behavior.

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The only real currency 

The Donald continued his tweetstorm by taking a shot at Facebook’s Libra currency, which probably prompted him to weigh in on crypto in the first place. 

Jerome Powell, the chair of the Federal Reserve, raised serious concerns about Libra during his testimony before Congress that took place on July 11.

Trump states that Facebook has to obtain a bank charter in order to commence its business as a bank and follow all regulations that are applied to this sector.

As reported by U.Today, many experts have observed that Libra poses a direct threat to fiat currencies, which explains why it appeared in the crosshairs of many politicians and regulators around the globe.

While criticizing crypto, Trump had a lot of praise for the US Dollar, which he calls “dependable and reliable.”

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The “Crypto Defence” squad

Trump’s tweets have the power to blow up the internet or tank the US stock market. It’s not surprising that the biggest crypto influencers were all lined up to educate the President on positive aspects of crypto.
 


Max Keiser, one of the most vocal dollar critics, has turned his Twitter feed into an anti-Trump tirade, claiming that he might have just lost 2020. 

Notably, Trump’s critique of Bitcoin had very little effect on the Bitcoin price, which is currently sitting at $11,349.92.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

  • Yuri Molchan
    📰 News

    Crypto freak John McAfee says CIA has made an attempt to collect him in Cuba, posts a photo holding a machine gun


John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

In the previous episode of the ‘McAfee runaway saga’ U.Today reported that the crypto baron and one of the current US presidential candidates, John McAfee, send a word that he would be going dark on Twitter and promising to share details later on.

The message was posted on his account by McAfee’s team campaign manager with a long beard and just as long Spanish name Rob Benedicto Pacifico Juan Maria Loggia-Ramirez (probably, McAfee calls him ‘Don Juan’ for short, in commemoration of the Carlos Castaneda’s mysterious teacher).

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Villains strike, stakes rise

On Friday, July 19, the story had a continuation, since the first tweet made my McAfee himself appeared after the one promising that he would ‘go dark’.

The presidential candidate McAfee has reported that the CIA has attempted to lay their hands on him and his wife and prevented them from relaxed cigar smoking in Cuba.

The photo he posted shows McAfee and his wife Janice holding weapons, which apparently they used to scare the CIA agents off their expensive cognac and Cuban cigars.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

 

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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