The bitcoin and cryptocurrency is currently predicted to surge from its rollercoaster ride of financial ups and downs thanks to Donald Trump and his attack on them being “unregulated crypto assets,” according to Forbes. The price of bitcoin has continued to rise after Trump criticized the cryptocurrency, leaving most investors believing that blockchain and cryptocurrency will be a presidential issue.
“Crypto now a presidential/global policy issue will make people everywhere embrace a mix of sovereign and non-sovereign digital currency,” said Jeremy Allaire, the chief executive of bitcoin and the crypto exchange and payments group. Many in the crypto world are celebrating Trump’s tweets on his views about bitcoin because they believe that this is a sign that Trump is beginning to endorse bitcoin and blockchain technology.
“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” tweeted Coinbase chief executive Brian Armstrong.