RATE Group | Billionaire: Trump & Congress Talking About Bitcoin is Bullish, Not Bearish
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Billionaire: Trump & Congress Talking About Bitcoin is Bullish, Not Bearish

21 Jul Billionaire: Trump & Congress Talking About Bitcoin is Bullish, Not Bearish

Posted at 19:02h in Bitcoin News by

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At long last, Bitcoin (BTC) has entered the mainstream discourse. Despite it still trading $9,000 shy of its $20,000 all-time high, established in late-2017 on the back of retail hype, the cryptocurrency has become a trendy topic.

So trendy, in fact, that American leader Donald Trump decided to comment on Bitcoin and its ilk in a three-part Twitter thread. While politicians and some on Wall Street have seen these quips as a validation of crypto’s non-viability, investors in the cryptocurrency space beg to differ.

Related Reading: Bakkt Bitcoin Futures Has Reached “Critical Mass”, Expected to Launch in Q3

Speaking to CNBC on Friday, Tim Draper, a prominent venture capitalist that first purchased BTC in 2011 or 2012, noted that individuals like Trump talking about Bitcoin is actually a positive trend.

Bitcoin Hits the Mainstream

In a CNBC segment on Friday, Draper…

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