RATE Group | Donald Trump Just Made Bitcoin A 2020 Election Issue
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Donald Trump Just Made Bitcoin A 2020 Election Issue

14 Jul Donald Trump Just Made Bitcoin A 2020 Election Issue

Posted at 04:49h in Cryptocurrency News by

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The bitcoin and cryptocurrency world has been left reeling after U.S. president Donald Trump unleashed a scathing attack on bitcoin and cryptocurrencies, branding them “unregulated crypto assets” and based on “thin air.”

The bitcoin price rose slightly following Trump’s comments as bitcoin traders and investors bet that Trump’s acknowledgment of bitcoin will bring greater awareness of crypto and could push prices up.

However, far more importantly, Trump has inadvertently catapulted bitcoin and cryptocurrencies into a presidential issue and given valuable recognition to the burgeoning bitcoin technology—with some 2020 U.S. presidential election hopefuls already bitcoin and cryptocurrency fans. 

Donald Trump’s attack on bitcoin has given validation to U.S. presidential candidates who want to talk about bitcoin, cryptocurrencies, and blockchain.

Getty

“Possibly the largest bull signal for [bitcoin] ever,” the chief executive of bitcoin and crypto…

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