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does trump own bitcoin

does trump own bitcoin

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What did Donald Trump say about bitcoin?

Donald Trump talked about bitcoin in an interview with Fox Business Monday. Responding to a comment that he does not like bitcoin and he would not invest in it, Trump said the cryptocurrency “seems like a scam.” He noted that when he was president, the price of bitcoin was only $6,000, much lower than it is now, adding:

Is bitcoin a scam or a currency?

Bitcoin, it just seems like a scam. I was surprised-you know, with us, it was at $6,000 and, much lower. I don’t like it because it’s another currency competing against the dollar, essentially it’s a currency competing against the dollar,” Trump told Fox Business.

What did Melania Trump say about cryptocurrency?

Former First Lady Melania Trump posted a celebratory message on the 13th anniversary of the Bitcoin Genesis Block, a move that contradicts her husband’s stance on cryptocurrency. Today marks the 13th anniversary of the Bitcoin Genesis Block, Melania wrote in a tweet Monday.

Are Bitcoin and cryptocurrencies based on thin air?

From L-R is Attorney General William Barr, Daniel J, Cameron Attorney General for the Commonwealth of Kentucky, Trump. (Photo by Doug Mills-Pool/Getty Images) U.S. President Donald Trump said the value of Bitcoin and cryptocurrencies are based on “thin air.”

How much bitcoin did North Korea steal?

According to Radio Free Asia, North Korean hackers stole about $88,000 in bitcoin per month between 2013 and 2015. It’s not just bitcoin that’s made its way to North Korea. North Korean supreme leader Kim Jong-un’s friend Dennis Rodman wore a t-shirt with the PotCoin logo on his visit to North Korea.

Why was bitcoin used for illegal drug shopping?

One of the first uses for bitcoin was online illegal drug shopping because users’ identities are hidden in the bitcoin payment process. But the founder of one such dealing website published his email address alongside his bitcoin wallet identifier in an online forum, so he was found and sentenced.

Why is Trump treading so carefully?

Why is Trump treading so carefully? Because of stage three in history’s story of escalation. Trump needs China’s cooperation on war with North Korea – hot or cold. Otherwise things could spiral out of control. And China is complying so far, reducing its imports from the hermit kingdom as required under UN sanctions.

Why do currency wars lead to military wars?

History says that currency wars lead to trade wars and trade wars lead to military wars. First countries print money to get ahead. It lowers their currency compared to peers, improving the trade balance. But each devaluation is at the expense of other countries, so it’s implicit economic warfare.

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Does bitcoin allow political profit?

The marijuana inspired version of bitcoin even sponsored his trip. Politicians profiting from their policies is nothing new. But bitcoin does allow them to do it in an even more secure and profitable way than before. Bribes are also hidden.

Is Trump’s main opponent North Korea on bitcoin?

One thing we do know is that Trump’s main opponent North Korea is on to bitcoin. It’s a hub for hackers who attack the global financial system. They’ve even managed to trick the SWIFT system you and I use to transfer money internationally. North Korean hackers reportedly transferred almost a billion dollars of Bangladesh’s money from the New York Federal Reserve.

Why doesn’t Donald Trump like bitcoin?

President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated.

What is the libra called?

The former president also targeted Libra, the crypto project proposed by social media giant Facebook. Libra is now called Diem. Trump’s tweet says: “Facebook Libra’s ‘virtual currency’ will have little standing or dependability.

What is Trump’s currency called?

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.”

Did Donald Trump talk about bitcoin?

Donald Trump talked about bitcoin in an interview with Fox Business Monday. Responding to a comment that he does not like bitcoin and he would not invest in it, Trump said the cryptocurrency “seems like a scam.” He noted that when he was president, the price of bitcoin was only $6,000, much lower than it is now, adding:

Should Irrelevant PPL be listened to?

Irrelevant ppl must not be listened to coz what they say are irrelevant and interestingly lies.

Does Georgia use blockchain?

Georgian Government Embraces Blockchain to Promote Its Wines Globally. As Georgia seeks to bring its millennia-old wine industry into the 21st century, it is collaborating with blockchain platform Wiv to put the nation’s winemakers in front of a global audience of wine collectors, producers, and merchants.

What did they find in John Bolton’s room where it happened?

As reporters and late night talk show hosts rifled through purloined copies of John Bolton’s forthcoming The Room Where it Happened they found backstabbing and betrayal, bombshells and buffoonery. And they found bitcoin.

Does China support blockchain?

While the Chinese government was giving mixed signals about its support of blockchain, it was quietly allowing miners access to some of the cheapest power in the world for the mining of bitcoin and Ether.

Did Mnuchin go after Bitcoin?

Mnuchin never went after bitcoin. Indeed, Trump’s administration has supported bitcoin and Ethereum — at the expense of American-made crypto currencies. This has happened even as China has tightened its grip on bitcoin and ether mining. It started back on June 14, 2018, when the SEC’s Director of the Division of Corporation Finance Bill Hinman …

Who said "Cross the river by feeling every stone"?

As Deng Xiaoping said: “Cross the river by feeling every stone.”. “China certainly would like to dethrone the dollar as the world’s reserve currency,” says Gordon Chang, author of The Coming Collapse of China. “Controlling bitcoin would be important.

How old is Bitcoin?

Bitcoin is simply money and most forms of good money have no intrinsic value.”. Bitcoin is only 11-years-old. It is not possible to conclusively state that BTC will become a world currency and evolve into an effective hedge against inflation.

What is Grayscale investing in?

Grayscale, an investment firm that enables institutions to invest in Bitcoin through a publicly-traded vehicle, saw 88% of its investments come from institutional investors in the first quarter of 2020.

Is Bitcoin an asset?

Casares said Bitcoin is not an asset nor does it have intrinsic value. But, it is money and it transfers value effectively in a decentralized manner. The same can be said about gold. By nature, gold does not have intrinsic value.

Who is the CEO of Xapo?

In a famous essay, Xapo CEO Wences Casares laid out his investment thesis for Bitcoin and why he thinks BTC could reach $1 million.

Is Bitcoin a store of value?

Following the lead of billionaire investor Paul Tudor Jones, data shows that institutions are beginning to perceive Bitcoin as a store of value. In July 2019, President Trump criticized Bitcoin and crypto assets. He said their value is highly volatile and are not considered as money.

Which currency is the most dominant in the world?

But, in the same statement, President Trump emphasized that the U.S. dollar is the most dominant currency in the world and it will stay that way.

Is Bitcoin considered money?

In July 2019, President Trump criticized Bitcoin and crypto assets. He said their value is highly volatile and are not considered as money. “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.

Why did Trump withdraw the G7 proposal?

He withdrew the proposal after accusations that this was an attempt to profit from his presidency. 23

What was the difference between Trump and the previous president?

The difference is that every president before Trump had held one or more government positions before taking the office or had served as a general in the military.

Why did Trump’s hotel get sued?

A group of hotel and restaurant owners sued Trump for violating the emoluments clause, alleging that he was unconstitutionally profiting from his office because his hotel gets the business of foreign officials staying there to curry his favor. The group argued that this gave the former president’s hotel an unfair competitive advantage against their businesses. 25 5

How much is Trump International Golf Club worth?

The Trump Organization contested Palm Beach County’s $19.7 million valuation for the Trump International Golf Club in Jupiter, Florida, as being too high. But the former president’s government disclosure to the Office of Government Ethics valued the property at more than $50 million.

What clause prohibits the president from accepting things of value from foreign governments?

There were other issues, though, such as the emoluments clause, which was written into the U.S. Constitution by the nation’s founders. The clause prohibits the president from accepting things of value from foreign governments.

What was Herbert Hoover’s job?

The difference is that every president before Trump had held one or more government positions before taking the office or had served as a general in the military.

How much was the former president’s property worth?

But the former president’s government disclosure to the Office of Government Ethics valued the property at more than $50 million. This inflated the value of the former president’s property to the public even as he was trying to deflate its value for tax purposes. 14