Donald Trump Says He Does Not Like Bitcoin | USD Will Lose Value?
Hello Steamians,
Welcome back. It is not a planned post but after seeing some tweets from president i decided to share views & tweets with you guys. So in the latest tweets, Mr. Trump says "I'm not a big fan of Bitcoin and other cryptocurrencies. . ." -
Donald Trump believes that these prices of BTC are based on hype and this coin can provide facility to drug dealers etc.
We should all know that only 3-4% of world population is highly known to bitcoin and virtual currencies so there might be a chance that Mr. President may not know the real power of blockchain and btc. As famous cryptocurrency Tron (TRX) founder Justin Sun replied and invited Donald Trump to the launch with Warren Buffet on 25th July. Justin replied that after having deep discussion on blockchain you will become the biggest fan of BTC.
In the second tweet, Trump also show little bit trust on Libra coin and says if Facebook with other companies want to become bank then they should follow the banking charter & other regulations.
Lastly, Donald Trump admires the US dollars to be strongest currency of world and says its most dependable, Reliable and dominant currency of world. We have to keep in mind that most of the world BTC trading are done in BTC/USD as many major exchanges are now offering flat deposit option.
These all can be the majority thoughts of people who still unknown to btc and blockchain reliability but many big names from crypto world are suggesting one day Bitcoin will become world single using currency. If we look at the use of BTC then most of the coin supply is being used for trading and generating profits but the real benefits can be taken from it is become local use currency as its becoming. Trading is a game of bulls & bears and on that point it look danger for money to most of people.
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