President Donald Trump expressed his views on Bitcoin and Facebook’s Libra cryptocurrency for the first time since becoming president of the United States. In a three tweet Twitter thread, President Trump stated that he is “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” adding that “unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

Furthermore, President Trump states that “Facebook Libra’s ‘virtual currency’ will have little standing or dependability,” and that “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.”

President Trump concludes his Twitter thread by stating that “we have only one real currency in the USA, and it is stronger than ever, both dependable and reliable.”

Author: Steven Zheng

Categories: Bitcoin