(BlockBar) US President Donald trump sent out his 29th, 30th and 31st tweets of the day on social network Twitter at 5pm local time on Thursday arousing the domestic and foreign public attention.
Trump commented on twitter about bitcoin and cryptocurrencies such as Facebook Libra. He said:
“I am not a fan of bitcoins and other Cryptocurrencies, which are not money and whose value is highly volatile and on thin air, Unregulated Crypto Assets can facilitate unlawful behaviors, Including drug trade and other illegal activity…”
He argues that unregulated encrypted assets facilitate illegal activities, including drug trafficking and other illegal activities.
Moreover, the President of the United States also commented on Facebook’s crypto stable coin Libra, stating that it is unreliable. If Facebook wants to turn into a bank, it should be regulated like other traditional financial institutions.
This is the first time that the US President has publicly expressed his views on Bitcoin, and the #Bitcoin topic has quickly been on the Twitter’s top search list. Under the influence of President trump, which has 61.9 million followers, the number of tweets about Bitcoin has exceeded 100,000 within hours, becoming a global media hot spot.
Basically, the industry’s response can be divided into two groups. One group is very excited about trump’s remarks and thinks that it is a good publicity for bitcoin to have such high-level attention to bitcoin. The other is that they think trump doesn’t understand bitcoin and talks about nonsense.
On one hand, Mr Trump diss cryptocurrency and praise dollar, On the other hand, the Federal Reserve, which sets monetary policy and regulates financial institutions, has different opinion on Bitcoin. At the meeting, Federal Reserve chairman Jerome Powell publicly acknowledged bitcoin’s role as a store of value. He argues that bitcoin is going to replace gold as a store of value in the global economy.
Justin, the founder of the wave field, left comments on 10 a.m. According to him, “Mr. President, you are misled by fake news. Bitcoins & blockchain happens to be the best chance for US! I’d love to invite you to have lunch with crypto leaders along with @warrenbuffet on July 25. I guarantee you after this lunch; nobody will know crypto more than you.”
Shortly after the comment was posted, Sun yuchen shared screenshots of his comments on his wechat moments and Weibo: “I formally send an invitation to trump today and hope he can have a lunch with Mr. Buffett, me and all the blockchain leaders!”
Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.