Donald Trump has made Bitcoin an electoral problem for 2020

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The world of bitcoin and cryptocurrency has been left shaken after US President Donald Trump has launched a scathing attack on bitcoins and crypto-currencies, marking them "unregulated cryptographic assets" and based on "thin air."

the bitcoin price following Trump's comments as traders and bitcoin investors bet that Bitcoin's recognition of the latter will lead to greater awareness of crypto and could drive up prices.

But more importantly, Trump inadvertently catapulted bitcoin and crypto-currencies into a presidential issue and brought valuable recognition to the emerging bitcoin technology.-With some candidates in the presidential election of 2020 in the United States, already fans of bitcoins and crypto-currencies. & Nbsp;

"Perhaps the biggest bull signal for [bitcoin] already, "Jeremy Allaire, general manager of Bitcoin and crypto exchange and payments, said via Twitter. "Crypto is now a matter of presidential / global politics, and people all over the world will adopt a mix of sovereign and non-sovereign digital currency."

Elsewhere, the bitcoin and cryptocurrency community took Trump's tweets as an endorsement of bitcoin and underlying blockchain technology.

"I was dreaming of an American president sitting in front of the growing use of cryptocurrency years ago," & nbsp; Coinbase & nbsp; General Manager Brian Armstrong & nbsp;tweeted. "" First, they do not know, then they make fun of you, then they fight you, so you win. "We have just arrived at the stage & nbsp; three & nbsp; you."

While the market barely reacted to Trump's bitcoin and crypto encrypted tweets, market watchers were still waiting for Trump to give it a positive boost, giving it bitcoin and airtime. crypto.

"Even though Donald says he's not a fan of bitcoin, the fact that he's talking about it is extremely bullish for the entire crypto market," Mati Greenspan, analyst at main market at eToro, wrote in a note to customers.

Presidential candidates who have already spoken about bitcoin now have the opportunity to respond to Trump's opposition to bitcoin and cryptocurrency.

A candidate for the Democratic nomination, Andrew Yang, has already praised the underlying technology of Bitcoin, saying: "The blockchain has a lot of potential. [It] could make many things safer, more transparent and more effective. "

Yang, who mainly campaigned on a universal basic income platform that would allow every American adult to receive $ 1,000 a month, ad Last year, we would accept campaign donations in bitcoins, ethereum and other encrypted currencies.

At the same time, another Democratic presidential candidate, Tulsi Gabbard, invested in Etherus and Litecoin at the end of 2017, while the peak of bitcoin and cryptocurrency reached its peak, pushing the price of bitcoin upwards. from less than $ 1,000 to almost $ 20,000 in less than 12 months.

Now, Trump has made bitcoin a valid problem. Nothing prevented them, and others in the White House race, from making bitcoin and crypto a bigger part of their campaigns.

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The world of bitcoin and cryptocurrency remained shaken after US President Donald Trump launched a scathing attack on bitcoin and crypto-currencies, calling them "unregulated cryptographic goods" based on "hidden air" ".

The price of bitcoin has risen slightly as a result of Trump's comments as traders and bitcoin investors say that Bitcoin's recognition of the latter will bring greater awareness to cryptography and could drive up prices.

But more importantly, Trump inadvertently catapulted bitcoin and crypto-currencies into a presidential issue and gave valuable recognition to the emerging bitcoin technology.-With some hopes of the US presidential election of 2020 already fans of bitcoins and cryptocurrency.

"Perhaps the biggest bull signal for [bitcoin] never, "Jeremy Allaire, general manager of Bitcoin and crypto exchange and payments, said via Twitter. "Crypto is now a matter of presidential / world politics, citizens around the world will adopt a mix of sovereign and non-sovereign digital currency."

Elsewhere, the bitcoin and cryptocurrency community took Trump's tweets as an endorsement of bitcoin and underlying blockchain technology.

"Unlocked achievement! I was dreaming of an American president in place to respond to the growing use of cryptocurrency years ago," said Coinbase CEO Brian Armstrong tweeted. "First they do not know, then they make fun of you, then they fight you, so you win." We have just arrived at the third stage, you all. "

While the market barely reacted to Trump's bitcoin and crypto encrypted tweets, market watchers were still waiting for Trump to give it a positive boost, giving it bitcoin and airtime. crypto.

"Even though Donald says that he's not a fan of bitcoin, the fact that he's talking about it is extremely optimistic for the entire cryptography market," wrote Mati Greenspan , Senior Market Analyst at eToro.

Presidential candidates who have already spoken about bitcoin now have the opportunity to respond to Trump's opposition to bitcoin and cryptocurrency.

A candidate for the Democratic nomination, Andrew Yang, has already praised the underlying technology of Bitcoin, saying: "The blockchain has a lot of potential. [It] could make many things safer, transparent and effective. "

Yang, who mainly campaigned on a Universal Basic Income (UBI) platform that would allow every adult American to receive $ 1,000 a month, ad Last year, we would accept campaign donations in bitcoins, ethereum and other encrypted currencies.

At the same time, another Democratic presidential candidate, Tulsi Gabbard, invested in Etherus and Litecoin at the end of 2017, while the peak of bitcoin and cryptocurrency reached its peak, pushing the price of bitcoin upwards. from less than $ 1,000 to almost $ 20,000 in less than 12 months.

Now, Trump has made bitcoin a valid problem. Nothing prevented them, and others in the White House race, from making bitcoin and crypto a bigger part of their campaigns.