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Could Trump’s hostile view of Bitcoin & Libra affect the crypto market?


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In a series of tweets, the US President Donald Trump said he's not a fan of digital currencies like Bitcoin and Libra previous week. A couple of days later, Bitcoin plunged nearly 13% after US lawmakers grilled the Facebook executive in charge of Libra.

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Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity,” Trump stated in one of his tweets, and proclaimed the US Dollar as the one and only real currency in the USA. He also said that cryptocurrencies are based on 'thin air' and therefore cannot be considered as real money.
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