U.S President Donald Trump's Statement Against Crypto
Wherever you go heard about Bitcoin or crypto. It's one of the most discussed topics today. People or analyst talking about its future. Some of them are crypto lovers and some are haters. They talk about their pros and cons. Next But now it can be assumed that it's going to be an issue in next U.S Presidential elections.
Donald Trump the current U.S President given some statements about the Bitcoin or crypto that “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.…” He also said “We have only one real currency in the U.S.A., 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!”
Whereas his opponent maybe next Presidential Candidate for Election 2020 from Democrats said in his statement that he is pro crypto. According to the news, he said “clear guidelines in the digital asset world so that businesses and individuals can invest and innovate in the area without fear of a regulatory shift,”
So we have to wait and see about the future of crypto in the U.S, which policy would carry on. Whether crypto is adopted or rejected by the U.S government.
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Trump is right in saying this. Governments should never have control over the peoples free market currencies, but nor should governments ever keep these currencies from us, and trump is executing our right to have this currency by not adapting it to a governmental system. The US dollar was created to be strong and stable. He is right in saying that crypto isn't stable, because it isn't. Also, lots of scams are linked to cryptocurrency that a government can get their hands on. cryptocurrency cannot be reversed once release in some exchanges, and this would be the main tool used to control, and take away from like the banks can do to you. I love cryptocurrency, but I also like the US dollar. Go trump! Keep continuing to keep our crptos away from government.