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Bitcoin Is Backed by ‘Thin Air’

2 min


“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,” started Donald Trump, never one to mince his words or check his realities before hitting send. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….” He proceeded to focus on Facebook’s Libra currency, attesting that a banking charter is required to take part in money transmission. At that point came the kicker, hung in the stars and stripes and dispatched on the wings of a bald eagle:

“We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

Right then and there, a few million individuals were presented to Bitcoin just because, while 15,000 who were at that point familiar with the advantages of cryptographic money took to Twitter and set President Trump right on a couple of issues.

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

‘Digital currency Is Used by Criminals’

To counter the second of Trump’s deceptive claims(the first being that the estimation of bitcoin depends on ‘thin air’), one client coordinated the president towards a series of pictures dispelling the idea that cryptographic money is offenders’ currency of choice:

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

Others focused with the U.S. dollar’s diminishing value against bitcoin by connecting to usdsat.com.

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

And afterward there were the individuals who focused more extensive issues, for example, America’s job in causing worldwide precariousness through phony drug wars, unwarranted drone attacks, dragnet surveillance and operating a de facto financial cartel.

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

Numerous bitcoiners, in any case, were basically content in the information that ‘the virus’ was spreading, and tomorrow millions would awaken with their interest piqued by Bitcoin’s capacities.

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

As Nic Carter, tending to the tribalistic battleground that is crypto Twitter, put it, “For one glorious moment we were united.”


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