Trump considers cryptocurrency unreliable

United States President Donald Trump expressed in his Twitter that cryptocurrencies are unreliable and can contribute to the development of criminal activity.

“I am not a fan of bitcoin and other cryptocurrencies that are not money, whose value is extremely volatile and not very reasonable. Unregulated cryptoactives can contribute to illegal activities, including drug trafficking, ”he wrote.

Trump also commented on Facebook’s plans to launch Libra's cryptocurrency, suggesting that it would also be “unreliable.”

"We in the US have only one real currency ... And it is called the American dollar," the leader concluded.

At the end of June, it was reported that the cost of bitcoin for the first time since January 2018, overcame the mark of $ 12 thousand.

The president of the Russian Cryptocurrency Association and the blockchain, Yury Pripachkin, commented on the event in an interview with NSN.

ref: russiart