Back in October 2017, the Donald Trump administration (the team heading the United States of America incase you didn’t know) made a number of anti-Bitcoin statements that suggested the President could go on to ban cryptocurrencies in the very near future.
My As we are now in July and still have no word from Trump regarding cryptocurrency, we should start to ask exactly why no ban has been imposed.
According to Verdict, this is what the Trump administration said in October:So, if Trump is keeping an eye on Bitcoin, with so many hacks of late and so many instances of cybercrime hitting the headlines, why not have trump moved to ban cryptocurrency?
Perhaps Trump is investing in Bitcoin and hence a ban too much his best interests? Lets not forget that Trump is the brain behind He is a business man by nature and really, this is a bit of a project. Not only does it make sense that Trump will invest in Bitcoin, but also, it seems like a logical step for him, in line with his principles.
Since Trump is hardly speaks of the subject, it also seems that he wants to limit the amount of news that comes out to him and cryptocurrency, in order to ensure that he is not involved in the price of the markets, again suggesting that it is in his best interests to keep the markets
Whilst this is speculation, it is definitely worth thinking about Imagine an anti-government cryptocurrency, designed to be decentralized, yet owned by the President of the United States? If that's not the definition of irony, I do not know what is !