Donal Trump is not a follower of Bitcoins. So for Libra, it's pretty bad!
On Twitter, the US president has almost shared a thread about his hostility to cryptocurrencies.
"Libra will have little value or reliability"
Libra is the Facebook cryptocurrency launched last June. Its deployment is planned in 2020, but for the time being, and with the views of the reactions, nothing is yet gained.
In addition, as next week's Libra auditions begin in front of the US Congress, Trump took the lead, as usual: on Twitter.
@POTUS said he did not like cryptocurrency in general, before adding, about Libra, that the cryptocurrency " will have little value or reliability ".
Trump does not consider cryptocurrency as money
" If Facebook and other companies want to become a bank, they have to look for a new bank charter and be subject to all banking regulations ." That is said. The President of the United States also added that these cryptocurrencies were not money and that he believed they could facilitate illegal behavior such as drug trafficking.
Donald Trump began his tweets by claiming that cryptocurrency had a volatile value based on " air". He ended them by saying that the only strong and reliable currency, which would remain forever, was indeed the US dollar.
Facebook now has an interest in seriously defend his project before the congress to reassure the regulators. The representatives will aim to convince the legislators to work with them.
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