Trump's Handler Pushes BTC to 'Diving'! - Kakiforex.com - Financial Market Media No. 1 in the World Trump's Handler Pushes BTC to 'Diving'! Trump's Handler Pushes BTC to 'Diving'!
InstaForex

June 9, 2021

Trump's Handler Pushes BTC to 'Diving'!

 Former President Donald Trump recently launched a critique of Bitcoin and urged U.S. regulators to monitor the cryptocurrency. Trump who made an appearance on Fox Bussiness Network on Monday claimed that that ‘Bitcoin is a scam’.


Trump’s criticism of reiterating his anti-crypto stance by describing that Bitcoin is a form of fraud has pushed up the price of Bitcoin. Not only that he also says that Bitcoin is very necessary to be monitored.


In addition to criticism of Bitcoin, Trump has urged that the importance of U.S. hegemony of the dollar. Thus he argues that Bitcoin is one of the instruments that could threaten the US dollar.


TRUMP: Bitcoin, it just seems like a scam. I don't like it. I want the dollar to be the currency of the world. pic.twitter.com/CXjALsJmXx


- August Takala (@AugustTakala) June 7, 2021



Following the broadcast, the price of Bitcoin recorded a higher decline. BTC fell from $ 36,472 to $ 35,973 overnight. Then the BTC price continued to plummet to the $ 32,000 level.


This is not the first time Trump has criticized crypto, he has criticized since 2019 describing crypto as very ‘volatile’ and it is not money, plus it is not backed on sustainable assets.


The crypto market is now under pressure, FUD news is more dominant than positive news that can catalyze price increases at times. The latest BTC price recorded at the price level of $ 31,428.95. The market so far prefers to take a cautious stance by observing the movement of the market with the BTC price level of $ 30,000 so the focus of observation!