Bitcoin Slumps to almost $ 10,000 on Trump's negative comments on Investing.com
© Reuters. Investing.com – Randomly $ 10,000 on Monday in Asia after negative comments by US President Donald Trump late last week.
Trump wrote on Twitter Thursday that he is not "a fan of Bitcoin and other Cryptocurrencies, which is not money and whose value is very volatile and based on thin air, adding that" unregulated crypto-based funds can facilitate illegal behavior. including drug trafficking and other illegal activity. "
Initially, Bitcoin jumped almost 7% after its comments, but has deleted all wins shortly after, and has now cast more than 1[ads1]5% since Friday.
Trump also criticized [19659007] Facebook Inc. (NASDAQ :). Plans to launch its own digital currency, Libra. [19659004] "If Facebook and other companies want to become a bank, they must seek a new bank charter and be subject to all bank adjustments, just like other banks, both national and international, "he added.
Bitcoin's prices were pushed two 15 months high earlier this year after Facebook's proposed plans for Libra triggered new interest in crypto competition and tech the nology that underlies it.
In February, JPMorgan Chase (NYSE 🙂 also announced plans for JPMCoin, the first US bank-backed crypto course
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