President Donald Trump recently came on Twitter to rant and criticize Bitcoin (BTC) and Facebook’s Libra Coin. A lot of digital asset investors disagreed with what the US President said as he was bearish about the crypto space. Recently, Changpeng Zhao – the CEO of Binance and a digital currency evangelist gave his own opinion about the bearish tweet of President Trump regarding Bitcoin (BTC) and the entire digital currency space. This news came to light after some controversial remarks that President Donald Trump made on Twitter. In his tweets, he backlashed Bitcoin (BTC) and other digital currencies, saying they are not regulated, and they are based on thin air.
Trump’s Controversial Comments Seems to Have Affected Facebook’s Cryptocurrency
The US President went on Twitter earlier this month to show his disapproval for Bitcoin (BTC), Facebook’s Libra Coin and digital currencies in general. Trump made it clear in his tweet that he is not a fan of Bitcoin (BTC) and digital currencies and categorically said that these digital assets are not monies. The tweet of Trump went viral in a short time. However, the price of Bitcoin (BTC) was not really affected by the controversial comments of the President.
However, the controversial digital currency of Facebook – Libra Coin – seems to be the one that took all the heat as it appears that the tweet of Trump was an eye-opener. Libra Coin has been having some regulatory challenges recently. As a result of this, the development of the coin is halted. The digital currency was also restricted in some nations such as Japan and China. As the news started subsiding gradually the digital currency community is slowly recovering from the shock. The CEO of Binance – Changpeng Zhao – also came up with a stunning opinion, saying that the tweet of Trump is bullish fro the digital currency community.
Trump’s Tweet Is Bullish for the Cryptocurrency Community – Cryptocurrency News Today
In a statement, the CEO of Binance said:
“Trump so far has not done anything positive or negative. He just said he is not a fan.” In an interview with CNBC last week, Zhao said: “The fact that Trump tweet about it, and the United States’ President is talking digital currencies, it is a good thing.”
During the interview, the CEO said that for the fact that people like the Donald Trump, the United States Congress and popular figures such as Warren Buffet are all talking about cryptocurrency was a bullish signal for Bitcoin (BTC) and the entire digital currency space.
Bitcoin Price Analysis – Bitcoin Price Prediction – Cryptocurrency News Today – Crypto Market Update
Bitcoin (BTC) has been trading sideways over the past few days. At the press time, the digital currency just broke below the $10k level. BTC USD price is now heading for the $9,800 support level. On the upside, the digital currency is facing strong hurdle on the upside at the $10,200 mark. Among the top ten cryptos in the market, Bitcoin (BTC) is one of the highest losers over the past day.
Bitcoin (BTC) Price Today – BTC / USD
At the press time, BTC USD live price is $9,988 after a decrease of about six percent over the past day. The current market cap of the digital currency is $178 billion. The trading volume of the digital currency over the past twenty-four hours is $17.37 billion.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.