Trump: “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.”

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image showing Trump: “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.”

Trident1000 on July 12nd, 2019 at 01:06 UTC »

Meanwhile Jerome Powell says Bitcoin is a store of value (a speculative gold) and its possible the US could have multiple currencies in the future if crypto really was widespread used for transactions.

AmphetamineAstronaut on July 12nd, 2019 at 01:12 UTC »

Pump and Trump

Trident1000 on July 12nd, 2019 at 01:16 UTC »

When the US president is defending the US dollar from cryptocurrencies you know things are getting spicy. Talking heads on Bloomberg were just commenting that the tweets are from global warped monetary policy that have to compete with crypto now in a world of negative interest rates/yields.