As usual, Trump is again clueless as to what his mouth is spewing. Not real money? Well, how about a paper bill whose value is just assigned by a few people inside the central banks? And for his information, the largest drug trades and other illegal activities in the whole wide world are not using crypto for sure. They are using the very same currency which is proud to be regulated.
This is close enough to get some merits.
USA
China
England
Fancy
Russia
they back their money with guns and weapons .
Their money can and has and will be used for criminal activity .
Facebook and every pos coin in reality is acting like a bank and they have no real backing and should be 100% governed like banks are. Since nothing backs the pos coin.
POW coins such as bitcoin are backed by gear burning power.
They all have real value that can be measured. BTC has the most hash and most gear mining it.
That value is real and tangible . Anyone that fails to understand it or says they don't understand it fails to see what POW's best service is: That is leveling off and helping all the world's power plants have no excess power that is wasted.
I consulted on a 100megawatt build the farm had deals with 5 power plants. 20-100 megawatt float at 4 cents a watt. On a hot summer day they used 20 megawatts. On days with lots of rain and the hydroplanes have excess power they scaled up to 100 megawatts. So the power plants never had to shunt excess power into waste product when river flow was high and demand was low.
This is real true value world wide. Much like a hammer has real value to attach wood with nails.
Both a hammer and mining gear can be used to do good or bad.
Both fiat/money and BTC can or good or bad.
Trumps and all world-wide governments realize pos coins are a real threat to banking and eventually will force every pos coin to turn into a bank-like company or die.
And pow coins are recognized for what they are: a tool to balance supply and demand for power from power plants.
Yeah both can move money around just like a bank can.
BUT only pow coins have an industrial value while POS coins simply are wanna be banks riding the pow's real work ethics of iron , steel and power.