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Trump’s Bitcoin Tweet; The Type of Publicity You Can’t Buy

Aug 08, 2019
byOmar Abbas

In a Twitter post made last week, U.S. President Donald Trump said he is “not a fan of Bitcoin and other Cryptocurrencies.” He went on to say that “We have only one real currency in the USA, 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!”.

It should come as no surprise the sitting U.S. President doesn’t consider himself a fan of Bitcoin. What matters, however, is the fact that Trump decided to mention cryptocurrency at all. Without a doubt, the tweet is a significant milestone in the public discussion around blockchain-based currencies and their influence to re-shape our global monetary system.

With the leader of the Free World simply giving Bitcoin the time of day shows that the highest levels of global power are taking notice of the threat crypto technology poses. What makes the tweet even more significant is the that it came less than a day after Jerome Powell, Federal Reserve Chairman, depicted Bitcoin as “an alternative to gold” and could replace physical gold as a “store of value” in the blockchain-era; giving Bitcoin legitimacy in a Senate testimony.

As the noise levels around Bitcoin begins to rise, you can count on more and more people around the world taking the time to learn about the fascinating world of cryptocurrency and its ability to disrupt the traditional financial system.