RATE Group | Bitcoin Industry Celebrates ‘Achievement Unlocked’ as Trump Pumps Market
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Bitcoin Industry Celebrates ‘Achievement Unlocked’ as Trump Pumps Market

12 Jul Bitcoin Industry Celebrates ‘Achievement Unlocked’ as Trump Pumps Market

Posted at 09:04h in Bitcoin News by

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Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.

In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday. 

Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public. 

The fact that he felt the need to bash Bitcoin publicly feeds the narrative that it is both independent of global powers and unable to be crushed by them, Coinbase CEO Brian Armstrong stated, leading the responses.

“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. ‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step 3 y’all,” he tweeted.

Armstrong exemplified…

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