Trump tweets he is ''n ot a fan' ‘of bitcoin, accidentally increasing cryptocurrency rate

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Trump tweets he is ''n ot a fan' ‘of bitcoin, accidentally increasing cryptocurrency rate

Donald Trump has actually exposed he is “not a fan” of bitcoin or Facebook’s Libra in his very first public discuss cryptocurrency

In a series of tweets, the United States president stated bitcoin made it possible for prohibited activity and was ” not loan”.

Nevertheless, his remarks were invited by senior figures within the cryptocurrency market and even appeared to enhance its market price.

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It is unclear what triggered Mr Trump’s remarks, though they came hours after the White House hosted a Social Media Summit to talk about supposed left-wing predisposition of platforms like Facebook.

” I am not a fan of bitcoin and other cryptocurrencies, which are not loan, and whose worth is extremely unstable and based upon thin air,” Mr Trump tweeted.