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US$ is the only real currency! Trump demands banking regulation of bitcoin, Facebooks Libra

The American billionaire leader has slammed the growing popularity of cryptocurrencies, stressing that digital assets only facilitate illegal activity and are made out of thin air – unlike, of course, the reliable US dollar.

Turning to Twitter after hosting a social media summit at the White House, Donald Trump slammed the use of alternative payment systems, including the popular Bitcoin and Facebooks newly announced Libra, which the president believes has “little standing or dependability.”

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. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

— Donald J. Trump (@realDonaldTrump) July 12, 2019

…and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!

— Donald J. Trump (@realDonaldTrump) July 12, 2019

“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,” he said.

Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.

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RT

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