Why president Donald trump is not a fan of bitcoin?

[Periodik]

Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

Well, the world be turned upside down had Trump announced that he would be supporting Bitcoin and that it would be totally all right for every american to use Bitcoin over fiat, and that it is also all right for companies to create their own unregulated cryptocurrencies. That is going to make a much bigger news than the one he just pronounced. But then, the reality is that Trump is the president of the USA, and consequently a puppet of the real rulers, the bankers.

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[smartbitcoininvestor]

Maybe he hasn't read enough about the Blockchain and its benefits yet.

[awik p]

Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

Well, the world be turned upside down had Trump announced that he would be supporting Bitcoin and that it would be totally all right for every american to use Bitcoin over fiat, and that it is also all right for companies to create their own unregulated cryptocurrencies. That is going to make a much bigger news than the one he just pronounced. But then, the reality is that Trump is the president of the USA, and consequently a puppet of the real rulers, the bankers.

right, maybe because the decentralized system trump can't control it. moreover they do not want to lose their influence in the world, where the dollar is a reference for fiat currencies throughout the world

[bitkanu]

Maybe he hasn't read enough about the Blockchain and its benefits yet.

I guess he had read the understanding of blockchain and many things but we are talking about bitcoin here, Trump himself is an old man that usually against anything confronting his traditional idea while there is a new developed technology some people still lagging behind being denial about something new. It is like replacing the old tradition with a new one which elderly usually confront or against but that's just my 2 cents.

[goldenbitC]

the world is ruled by people from the past, their brain works quite differently. of course they will be against cryptocurrencies. this is a new technology and it is difficult for them to understand it

[davis196]

Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

Trump is an old guy and old people usually hate innovations and new technologies.They prefer to stick with the status quo and the things they are familiar with.He is like Warren Buffet-a fanatic fiat money supporter.
The value of paper money isn't based on thin air,I guess.

[Darooghe]

He is not a fan of Bitcoin and other Cryptocurrencies

The answer is simple, because Bitcoin is against any governments and their economic policy.