It's official: Donald Trump does not like Bitcoin.
Or8 c?ng là gì for that matter, anycryptocurrency — including Facebook's proposed Libra. He made that much clear in a Thursday evening tweetstorm dunking on the latest proposed entrant in the digital currency world.
"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," tweeted the President. "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...."
He continued that "Facebook Libra’s 'virtual currency' will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks [...]"
This Tweet is currently unavailable. It might be loading or has been removed.
Facebook's Libra has faced pushback since it was officially announced in June, but this is the first time Trump has weighed in on the matter.
This Tweet is currently unavailable. It might be loading or has been removed.
Unsurprisingly, crypto Twitter is freaking out.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
Some, perhaps not thinking highly of the President's intelligence, are taking the tweets as a bullish sign.
This Tweet is currently unavailable. It might be loading or has been removed.
Either way, Trump has now weighed in on the great cryptocurrency debate. It's just an added bonus that he decided to dunk on Facebook while doing so.
Featured Video For You
Facebook’s new currency, Libra, is being taken seriously by big banks
Topics Bitcoin Facebook Cryptocurrency Donald Trump