Trump’s hostile view of Bitcoin and crypto could chill industry
President Donald Trump has weighed in on the cryptocurrency debate, saying in a series of tweets Friday that he's not a fan of Bitcoin or blockchain-based digital money in general because it's highly volatile and "based on thin air."
"Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity," Trump tweeted.
The President's tweets on fly in the face of comments made just one day earlier by Federal Reserve Chair Jerome Powell, who acknowledged that while Bitcoin may be far from mass adoption it is "a speculative store of value, like gold."