Fintech

Bitcoin backers welcome Donald Trump attack: At least he notices us

While US authorities might remain wary of digital currencies, they say, the attention shows the industry’s growing importance

Cryptocurrency backers found a silver lining in President Trump’s attacks on bitcoin late Thursday.

In three tweets, Trump said he is “not a fan” of cryptocurrencies, declaring they aren’t money and that their values are “highly volatile and based on thin air”. Unregulated digital assets, he said, could “facilitate unlawful behavior, including drug trade and other illegal activity.”

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