The bitcoin and cryptocurrency world has been reeling today after U.S. president Donald Trump last night unleashed a scathing attack on bitcoin and cryptocurrencies, branding them 'unregulated crypto assets' and based on 'thin air'...
However, far more importantly, Trump has inadvertently catapulted bitcoin and cryptocurrencies into a presidential issue and given valuable recognition to the burgeoning bitcoin technologyDonald Trump's attack on bitcoin has given validation to U.S. presidential candidates who want to talk about bitcoin, cryptocurrencies, and blockchain.
"Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago," Coinbase chief executive Brian Armstrong ."First they ignore you, then they laugh at you, then they fight you, then you win.' We just made it to step three y'all." "Even though Donald says he's not a fan of bitcoin, the fact that he's mentioning it at all is hugely bullish for the entire crypto market," Mati Greenspan, senior market analyst at eToro wrote in a note to clients.
One candidate vying for the Democratic nomination, Andrew Yang, has previously praised bitcoin's underlying technology,:"The blockchain has a wealth of potential. [It] could make many things more secure transparent and efficient."
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