Donald J. Trump did it. The President of the United States has commented on Bitcoin via his preferred messaging channel. His verdict is similar to the planned cryptocurrency of Zuckerberg company Facebook.
Donald John Trump is known for his Twitter comments. Recently, he also commented on Bitcoin and other cryptocurrencies. His judgment comes as little surprise. However, the US President is guilty of new findings.
The Bitcoin Tweet of the US President:
In other words, no currency has a chance against the world reserve currency US dollars. Neither Facebook's Libra, Bitcoin, the grammar or any other Fiat currency.
Donald Trump's Bitcoin Bash and the situation in the US
While the US-President on Twitter is beating Bitcoin & Co., the development of the Bitcoin ecosystem in the USA does not stand still. For example, the Securities and Exchange Commission (SEC) did not approve the first security token offering on US soil until 10 July. However, the Zuckerberg group Facebook, questioned by Trump, asserted that the planned crypto project was doing legally sound things.
Trump's Bitcoin Bash is no coincidence. Venezuela, for example, is using its own cryptocurrency to avoid US sanctions. The citizens, however, preferred to Bitcoin, to fight against the mismanagement of the country. As we also explain here, Bitcoin is the perfect alternative to steady central bank money printing.
(source: btc-echo.de)