Donald Trump Tweets About Bitcoin
Washington D.C. — The President of the United States, Donald Trump, shared his thoughts on Bitcoin with the world via Twitter yesterday. President Trump stated “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....”
This is the first time a sitting president has commented publicly on cryptocurrency. The Bitcoin community on Twitter was quick to begin commenting. Writers and researchers alike were quick to point out that the US Dollar is used in far more illegal transactions than Bitcoin.
There is no information available as to why the President chose yesterday to make his opinion on Bitcoin known. The price of Bitcoin rose $300 following the tweet.