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In a series of tweets, President Donald Trump expresses opposition to cryptocurrencies, especially Libra and Bitcoin , while voicing support for USD.
He said that, ''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''.
May be he is against cryptocurrency due to the recent bitcoin scam and illegal activities. Two American citizens are currently facing a default judgment in Texas for fraudulently representing the U.S. CFTC to persuade investors into sending them bitcoins.