Donald Trump weighs in on Bitcoin and Libra

At a Social Media Summit held at the White House yesterday, U.S. President Donald Trump slammed Bitcoin and Libra. There’s a little irony in his pushback against Facebook given the social network is the biggest social media outlet of all. Addressing the social media participants he said “Each of you is fulfilling a vital role in our nation – you are challenging the media gatekeepers and the corporate censors to bring the facts straight to the American People.” And he tweeted:

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. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

— Donald J. Trump (@realDonaldTrump) July 12, 2019

Article continues …

---