Why president Donald trump is not a fan of bitcoin?

[Turk Ace]

I guess he just has nothing better to do. He is a fudder. I can't believe he leads a country. It is no surprise he doesn't like bitcoin. He wants people to buy USD. He even says USD is the best currency of them all and to him anything that is not USD is bad. xP

He is the president of US government.

Their government is dependent on dollars .

Dollars needs investors to stay strong , now people are moving from Dollars to Bitcoins.

He is just trying to discourage some 10-15 people who follow him from investing in Bitcoins and asking them to go for money ' meaning *USD* .

That's a major political move only .. nothing else.

lol 10-15 people. xP Ikr. I think the rest of us laugh at him and think he is a clown. 

[opencashme]

very simple !!
he cant print it, generate debt enslaving the world through debt,
anyone that knows about fiat knows they create it out of thin air but they only create the principal never the interest.
work it out, how does that work, well it doesnt 99% of people will always be poor to the 1% and they will do ANYTHING TO DEFEND THIS including destroying/outlawing all crypto/bitcoin

[Kewat]

He's just a fool or smart enough to be afraid of the crash of his usd and creating a new, decentralized market.

[stfN2128]

there are several reasons why govs and donald trump not a fan of bitcoin and cryptocurrencys is. first of all its an attack of the national currency. next is they can't print it when they are out of money and at least two reasons: The have absolutely no control over your funds and if you do it right, you can stay nearly anonymous respectively just as an alias, your btc address.

[djcaoile1205]

He won't be able to manipulate with btc as he manipulates with usd right now.

[jc12345]

so, what will happen if Trump is not a fan of bitcoin, will it damage bitcoin, I think bitcoin is still alive and has many large communities throughout the world, there is nothing interesting with his tweets, so just look in the next few years whether he will become a bitcoin fan or not

I think the publicity given to Bitcoin placed it right up there among the other important matters on the world stage. By raising Bitcoin to the highest level placed a focus on it and might just cause the opposite effect than was planned by more people getting involved and not less. It is almost like those alien movies where every time you hit the blob it becomes bigger.

To your question, progress might be slowed down by regulation, but Bitcoin will not die (I believe it will become bigger) and some of the other platforms will also survive.

[RomanPetrush]

Trump is not a technician guy. And he is old for those technologies. He is a businessman, trader. After some time he will understand how everything works and start to say that BTC and crypto is the main technology of this century. He will be involved soon.

[Jake052478]

Maybe because he is an old school...  It is not like he is not a fan yet but maybe because he is still transition of how is he going to understand and doing it....

[joromz1226]

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?

I saw that post today and going Viral, but we must more carefull who HOLD bitcoin , this tweet may triggered USA investor to sell they BTC , since yesterday BTC wasnt in a good shape

I think it is because for business reason,  Donald Trump might be thinking that He was one of the most powerful leaders in the entire world and has a big connection, so for Him, bitcoin is just nothing for him. And you were right We must be careful in our bitcoin holdings, especially now it went down into 10, 248$ each but now recovering again its price in the market.

[Aldrinx00]

Because trump is too late to buy bitcoin on $3k - $4k range he is fudding to make bitcoin price goes down and accumulate. About Libra they are a threat to US dollars that's why Libra will get a hard time launching their coin in the USA, Mark Zuckerberg must relocate to Malta if he want to successfully launch his coin.

[TimeBits]

who cares what he thinks, the guy is 73 dating/married to a 49 yr old, that is a 23 year age gap, that is like if he was 30 dating a 6yr old. "grab em by the pussy"

also he is a fan of bitcoin, it is all reverse social engineering to make other countries think bitcoin was not created by the nsa.

(N)akamoto (SA)toshi 

[BTC Future]

 

https://coinmarketcap.com/currencies/facebook-libra/

[Renampun]

Trump is not a technician guy. And he is old for those technologies. He is a businessman, trader. After some time he will understand how everything works and start to say that BTC and crypto is the main technology of this century. He will be involved soon.

very very agree, how he understands and likes Bitcoin if he doesn't like technology . people like JP MORGAN, JEFF BEZOS, MARK ZUCK might like Bitcoin because they are business people in technology, while Donald trumps are different, Donald Trump is just a politician and property businessman 

[kennen1113]

Trump is not a technician guy. And he is old for those technologies. He is a businessman, trader. After some time he will understand how everything works and start to say that BTC and crypto is the main technology of this century. He will be involved soon.

As you said, Donald Trump is an investor and a very famous businessman, he can be old but his intelligence is always very high, updating information and understanding new technologies such as bitcoin, it is always a very normal thing. But he is not a bitcoin fan, he probably knows that if he supports it, the use of bitcoin will spread vigorously and many new problems will appear and need him to resolve, he had enough trouble, perhaps he did not want to appear other troubles, besides, maybe he realized something he didn't like from bitcoin, a personal reason we couldn't know.

[Vishnu.Reang]

Donald Trump is 73 years old and he is an old school businessman, who made most of his fortune from the traditional investments (such as real estate). So it is not that unusual for him to lack an interest in innovative technologies such as cryptocurrencies. But to his credit, he never said that he hates Bitcoin. He just stated that he has no interest in it. And that makes a lot of difference. Compare his stance to that of Warren Buffet, who holds a rabid hatred towards cryptocurrency.

[Bitcoinqubit]

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?

why taxis is not fun of uber hhhhhhhhhhhhhhhhhhhhhhhhh

[Johnzky]

who cares what he thinks, the guy is 73 dating/married to a 49 yr old, that is a 23 year age gap, that is like if he was 30 dating a 6yr old. "grab em by the pussy"

At least when he marry the girl she’s not sucking a baby bottle already 😂

also he is a fan of bitcoin, it is all reverse social engineering to make other countries think bitcoin was not created by the nsa.


(N)akamoto (SA)toshi 

Bright mind imagine you connected that link to the creator 😂

[Pipdips]

Trump is just defending the US Dollar.  That is probably a good thing for the time being.

[ramsdaj28]

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?

Take my comments as opinions. Do not take it seriously or make it a factual context.

I see two reasons why Trump said this.

1. GOOD THING:
Yes, he is correct. cryptocurrencies are not MONEY but ASSETS that can be exchanged for REAL MONEY.
Volatility is also one of the bad characteristics of a cryptocurrency. Unlike fiats, cryptocurrencies doesn't have stability in terms of value. Investing in cryptocurrency is actually a bad thing to do esp. if you are using your hard-earned money (i.e. salary) for investment. Investing in cryptos is like putting your money in danger.

2. BAD THING:
The other reason that I'm thinking why Trump said that is because he might be planning to create his own cryptocurrency. ALthough it might be contrary to his latter statement (cryptos are not money), he might just want to get people's trust esp. that he's known as one of the richest people on Earth. If that's so, he can control his own crypto and might beat the bitcoin as the best crypto of all time.

Again, these are just opinions. I accept criticism, but these are my views.

[lepbagong]

Maybe because he is an old school...  It is not like he is not a fan yet but maybe because he is still transition of how is he going to understand and doing it....

but it is a necessity for a head of state to understand crypto, at least there will be an advisor who explains. but maybe if as an established entrepreneur, he doesn't need that. so I feel not because the school used to not introduce it.