It's official: Donald Trump does not like Bitcoin.
Or,China for that matter, anycryptocurrency — including Facebook's proposed Libra. He made that much clear in a Thursday evening tweetstorm dunking on the latest proposed entrant in the digital currency world.
"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," tweeted the President. "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...."
He continued that "Facebook Libra’s 'virtual currency' will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks [...]"
This Tweet is currently unavailable. It might be loading or has been removed.
Facebook's Libra has faced pushback since it was officially announced in June, but this is the first time Trump has weighed in on the matter.
This Tweet is currently unavailable. It might be loading or has been removed.
Unsurprisingly, crypto Twitter is freaking out.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
Some, perhaps not thinking highly of the President's intelligence, are taking the tweets as a bullish sign.
This Tweet is currently unavailable. It might be loading or has been removed.
Either way, Trump has now weighed in on the great cryptocurrency debate. It's just an added bonus that he decided to dunk on Facebook while doing so.
Topics Bitcoin Facebook Cryptocurrency Donald Trump
Previous：Trumpspeak
Koalas are endangered now, and climate change is a big reason why
Snapchat's dancing hot dog now has a game, and we can't even right now
Facebook is dangerous for Democracy—here's why
Meizu Pro 7 has a second display to take selfies with the rear camera
Fidelity, Bravery, Integrity, Memos
Microsoft partners with Baidu to take its self
Microsoft partners with Baidu to take its self
Ed Sheeran deletes his Twitter within 24 hours of that 'Game of Thrones' cameo
Queer Poserdom
OkCupid developers just brilliantly trolled an uptight user with boring ol' update notes
It All Comes down to Real Estate
HTC users are seeing banner ads on their keyboards
Twitter threads can evolve into much larger conversations
Google's HR ambitions just keep growing
Malign Intervention
New fake video tool can make Barack Obama say anything
The Empire State Building will light up 'emoji yellow' for World Emoji Day
Cyclist shares freaky sight of his legs after riding in Tour de France
Between Oligarchy and Democracy
These are the 10 games Atari should include on the Ataribox
Watch the Spice Girls shut down a TV host defending blackface in this brilliant 1997 footageIlana Glazer got married and we hope she registered at Bed, Bath and BeyondThis hilarious parody nails the double standards women face when reporting sexual assault'Hamilton' gets a second national tour because we deserve something niceGIPHY introduces new GIPHY Stickers app and APIThis YouTuber is the realest damn thing to happen to 'beauty vlogging'Kim Kardashian talks publicly for the first time about the night she was robbed in ParisThese stylish sweaters are warm, colorful and made for chickensIlana Glazer got married and we hope she registered at Bed, Bath and BeyondIlana Glazer got married and we hope she registered at Bed, Bath and BeyondJustin Bieber is sick of overeager fans, and he ain't afraid to say soTexas legislator expertly trolls Republicans with bill that would fine men for masturbatingGIPHY introduces new GIPHY Stickers app and APIDolphin wipes out a surfer and the surfer is so freaking happy about itThis YouTuber is the realest damn thing to happen to 'beauty vlogging'Grown man loses to children on 'Robot Wars', awkwardly storms offCongressman who made racist tweet doubles down on CNNRubin Observatory's first images flaunt millions of galaxies. Take a look.Best robot vacuum deal: Save $300 on the Ecovacs Deebot N30 OmniTexas legislator expertly trolls Republicans with bill that would fine men for masturbating “Say Stupid Shit”: A French Philosopher Mutters to Himself Staff Picks: Grim Reaper Hex, Ouija Board Sex by The Paris Review Thomas Morley: My Mistress’ Face How “The Pickwick Papers” Launched Charles Dickens’s Career Better Call Caravaggio: “Saul” Borrows from Baroque Painting Poem: “Clarence in the Seafood Palace” Can You Spot the Fake Books at Shakespeare and Company? Inane Puppies: Charlotte Brontë on Men and Marriage How Have We Depicted Madness Throughout History? Botero’s “Adam,” the Sculpture New Yorkers Love to Touch The Picasso of ... Whatever Hemingway, Fitzgerald, and the Sexual Anxiety of the Lost Generation Judas: No One’s Favorite Apostle When Eudora Welty Went Sailing with Faulkner “An American in Paris” Leaps from Screen to Stage The Effusions and Offenses of Kaiser Wilhelm II Nabokov Knew How to Hate a Party Listen: An Archival Interview with Reynolds Price “On the Ship,” a Poem by Constantine P. Cavafy Macaroon vs. Macaron: Cookie Summit 2015