The Coinbase CEO claims in the latest cryptocurrency news because of his statement about Donald Trump and his Bitcoin tweets. After the president of the United States said that he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were sharing a lot of mixed responses.
In the hours after the US president delivered his speech about crypto and Bitcoin, the prices of the market remained stable – only to start growing with minimal gains this Friday. For proponents, this event marked a psychological milestone for Bitcoin as Trump has previously held off from mentioning it in public.
The fact that Trump felt the need to bash Bitcoin was what motivated the Coinbase CEO to start a narrative and state that it is both independent of global powers and unable to be crushed by them. The CEO of the largest exchange led the responses and started a series of tweets that went viral on many of the best cryptocurrency news sites:
“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. ‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it step 3 y’all,” he tweeted.
The Coinbase CEO claims also that the buoyant mood among Bitcoiners. However, there were other people who also thanked Trump for the free publicity which in turn triggered a surge in interest as documented by Google Trends. The president is wrong in his opinion also became a major topic and a talking point on social media.
“Congratulations BTC community — the president of the United States feels we are worthy of a tweet now,” cryptocurrency entrepreneur, Simon Dixon, added. “Bitcoin has outperformed USD by 23,440,508% since it started being priced in USD.”
The host of RT and a regular Bitcoin bull, Max Keiser, was on par with the Coinbase CEO and his comments. Keiser said that Trump’s words are an “early nomination for the most bullish tweet of the year.”
Despite the stable price performance of Bitcoin since the tweets, the possibility of a ‘Trump pump’ occurring for Bitcoin was also a topic that gained traction among analysts. The Bitcoin and altcoin news show that the market is in a stable yet ‘on mute
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