USA’s most controversial president has done it again. Donald Trump ranted out against Bitcoin and cryptocurrencies in general in a series of tweets posted on 12 July. The strongly opinionated outburst turned out to be a good luck charm for bitcoin as the price of the cryptocurrency recorded a growth of 1% on Friday.
What the Insiders Say?
Trump’s short-handed appraisal proved quite historic for the crypto community. CEO of Coinbase, Brian Armstrong tweeted in favor of the criticism stating that the president’s need to publicly disregard cryptocurrency alludes to the fact that the crypto community is on a meteoric rise with no signs of slowing down.
Joining the brigade with Armstrong were a bunch of bitcoin enthusiasts, thanking President Trump for the much-needed fanfare which helped raise cryptocurrency interest as recorded by Google Trends.
Simon Dixon, cryptocurrency enthusiast, and entrepreneur also stated his support for the recorded bitcoin price surge thanks to Donald Trump’s tweets. Bitcoin recorded a massive increase of 23,440,508% against the USD.
Max Keizer, host of RT and bitcoin bull stated that the chances of the president getting re-elected for 2020 were less than 0 also Mari Greenspan, eToro’s senior analyst described the president’s tweet as a front runner for the most bullish tweet of 2019.
Trump Pump: Fact or Fiction?
Donald Trump’s tweets have proved themselves to be a bullish foreground for bitcoin as the cryptocurrency recorded an increase of 0.9% over the past 24 hours after a downturn recorded on Thursday. Other cryptocurrencies like Binance Coin, Binance’s token, recorded a surge of 6.3% while EOS measured an increase of 2.3% followed through by Litecoin with an increase of 1.3%.
TrumpCoin (TRUMP), an altcoin released in March 2016 rose up from its dusty shadows and recorded a significant surge of 28% on Friday.