On July 12 (UTC), U.S. President Donald Trump vented on Bitcoin and Facebook’s Libra on Twitter out of blue. Stating that he is “not a fan of Bitcoin and other cryptocurrencies,” he believes they, along with Facebook’s Libra are not money or currencies, thin on standing or dependability. He further concluded that the U.S. dollar is the most dominant currency across the world and the only real currency in the U.S.
Surprising to none, Trump’s declamation stirs up relentless remarks from the blockchain and cryptocurrency sector. CoinNess compile the most recent and heavyweight voices here to paint a broad picture.
- Gemini, U.S.-based cryptocurrency exchange
Bitcoin, it’s freedom. It’s very American.
We finally got that Bitcoin tweet from Trump. They can’t shutdown Bitcoin but Facebook on the other hand may have some issues. I say again, the more resistance Facebook face, the more valuable Bitcoin becomes. As an industry we should not provoke the President of the United States now. We should act like a mature industry and not a bunch of anti establishment hooligans. We need allies, not enemies. Tweet cautiously.
- Brian Armstrong, CEO of Coinbase
Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. “First they ignore you, then they laugh at you, then they fight you, then you win.” We just made it to step 3 y’all.
- Team JUST, the developer team behind DApp Fomo3D
Don’t confuse ‘Cryptocurrency’ with the technology behind it. Blockchain will run the US dollar in less than 10 years guaranteed. The banking and power structure will fight tooth and nail to stop the government and the people from finally owning the currency they use however.