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Trump apparently knows what Bitcoin is, and he doesn’t like it

Submitted by The Verge on July 11, 2019 - 8:54pm

President Donald Trump took some time out of his evening to tweet about cryptocurrencies today, announcing to the world that he is “not a fan” of Bitcoin and other cryptocurrencies because their “value is highly volatile and based on thin air.”

In a series of tweets, Trump expanded on his thoughts on crypto, saying Facebook’s newly announced Libra virtual currency “will have little standing or dependability,” and that the company should seek a banking charter and be regulated like any other traditional financial institution. Incidentally, that puts Trump on the side of House Democrats, a group of which last week officially asked Facebook to put its Libra plans on hold so it can be properly investigated for risks to the global financial...

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