Altcoin News: Interest in Bitcoin on Google Increased After Trump’s Tweet

July 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Donald Trump earlier today admitted that he is not a big fan of Bitcoin and other cryptocurrencies, “whose value comes from nothing.” Contrary to the fears of some members of the community, the statement by the President of the United States could not shake the market, and 10 hours after his tweet, Bitcoin rose by 1.3%.

However, it caused a different jump in the number of search queries on Google.

Image credit: Twitter NebraskanGooner 📈‏(Google Trends)

“Trump tweets… BTC does nothing. Bitcoin is now less volatile than Donald Trump,” ShapeShift CEO Erik Voorhees summarized.

Others point out that by their comment the US president not only recognized the significance of Bitcoin in a global context but also showed his unwillingness to reconcile with the existence of currency outside the traditional financial system.

“Finally, there was a tweet about Bitcoin from Trump,” CNBC presenter Ran Neuner said, adding that the authorities cannot ban decentralized cryptocurrencies, while Facebook’s Libra is in a more precarious position.

Earlier, a similar opinion was expressed by the CEO of the cryptocurrency company Abra, Bill Brandt, noting that Bitcoin is protected by the constitution in accordance with the provision of freedom of speech.

Author: Marko Vidrih