Donald Trump: Bitcoin Is ‘Not Money’, It’s ‘Based on Thin Air’


Bitcoin is "not money" and is "based on thin air", according to Donald Trump who also criticized Facebook’s proposed Libra cryptocurrency.

 President Trump demanded that Facebook seek a banking charter and make themselves subject to US and global regulations if they want to “become a bank”.

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter.

 Bitcoin is currently worth $11,677.60 per coin, after peaking at $19,783.06 in December 2017 before plunging to less than $4000 in February this year before rallying.

 Trump also warned Facebook it would become subject to banking regulations if it launches a cryptocurrency.

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International,” he added.

 Guardian reports: Facebook, the White House, the Federal Reserve and the Treasury Department did not immediately respond to requests for comment.

 Trump’s comments come one day after the Federal Reserve chairman, Jerome Powell, told lawmakers that Facebook’s plan to build a digital currency called Libra cannot move forward unless it addresses concerns over privacy, money laundering, consumer protection and financial stability.

 Powell said the Fed has established a working group to follow the project and is coordinating with other government’s central banks. The US Financial Stability Oversight Council, a panel of regulators that identifies risks to the financial system, is also expected to make a review.

 Facebook announced last month it would launch its global cryptocurrency in 2020. Facebook and 28 partners, including Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc, would form the Libra Association to govern the new coin. No banks are currently part of the group.

 JPMorgan Chase & Co, the largest US bank by assets, plans to launch its own digital coins.

 Bitcoin, the best-known digital coin, was created in 2008 as an alternative to currencies controlled by governments and banks, but crypto trading and digital currencies remain largely unsupervised. The market has also faced allegations of money laundering and terrorist financing.

https://newspunch.com/donald-trump-bitcoin-not-money-based-thin-air/

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 Correct, it is a controlling game, and people are waking up to the banking scam.

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ALERT ALERT

SICK: Anderson Cooper Says Demographic Decline Of White Americans Is “Exciting”

“It’s an exciting evolution.”

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CNN’s Anderson Cooper said during an interview with Univision anchor Jorge Ramos that he found the demographic decline of white people “exciting”.

“The idea that, you know, whites will not be the majority, I mean, that’s — it’s an exciting transformation of the country, it’s an exciting evolution and you know, progress of our country in many different ways,” said Cooper.

Ramos agreed that whites becoming a minority in America was inevitable and a positive development.

The Judge@V8POW

Anderson Cooper barely able to contain his excitement about Whites becoming a minority.

Not thrilled about being replaced in the country your ancestors founded: you're a "Supremacist"

Understand White People, you're already in a race war.

“There’s nothing really they can do against this incredible demographic revolution. And in 2044, everyone is going to be a minority,” he said.

The media has repeatedly asserted that even raising the “conspiracy theory” of “the great replacement” or the demographic decline of white people puts you on a par with mass shooters and terrorists.

However, it’s apparently completely fine to talk about the issue so long as you proclaim the demographic decline of whites to be a positive thing.

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