I couldn't ignore it anymore. President Donald Trump has spoken a few months ago regarding the Bitcoin cryptocurrency. He has done it with his usual style, with a rough tone and a blow of tweet.
Trump has expressed his distrust in Bitcoin. According to him, cryptocurrency is nothing more than air, the US dollar being the currency in which to place trust. Some statements that, without a doubt, were predictable from the president of the United States.
As soon as the news falls, several interpretations have happened. On the one hand, skeptics and pessimists appeared, who argued that Bitcoin could suffer a correction after the president's words. On the opposite side, members of the ecosystem such as Brian Amstrong, CEO of Coinbase, expressed their satisfaction at Trump's words, stating that if the president himself has appointed him, Bitcoin is already something impossible to ignore.
The market, on the other hand, has responded with indifference, since the tweets have not had a significant effect on the price. Bitcoin is swinging between $ 11,000 and $ 12,000, waiting for a downward turn or a continuation of the uptrend.
Also highlighted were the words of Jerome Powell, president of the Federal Reserve, who said that Bitcoin does not represent a problem for the dollar because nobody uses it. However, his statements were interpreted as more crypto friendly, as at the same time he opened the door to include Bitcoin among world reserve currencies, in the style of others such as the pound sterling or the yen.
It is important to note that both leaders, Trump and Powell, have shown increasing distancing in recent months. It is due to the different positions of each one around the interest rates, which Trump wants to lower to help the stock market and Powell, raise them to adapt them to the rhythm of the economy
