Although BTC has failed $ 100,000 and the wider market was faced with a minor decline of 2.1%, US President Donald Trump has doubled his pro-scriptto position, qualifying the “very popular”, “very hot” and even “much stronger” asset class as the stock market.
The comments were made during a May 4 in Meet The Press, Kristen Welker, where Trump asked questions about his personal operations of personal cryptography, the recent increase in his Homonym play even Coin and the position of the cryptographic policy of his administration among others.
Trump cryptography approval
Asked about the surprising overvoltage of 58% in the value of the Trump token after an exclusive invitation to dinner to the best holders, the president joked: “I do not even know that. What has it increased? ” After Welker said the price had increased a lot, Trump made fun: “Billion dollars?” Before completely pushing the metric: “Well, that means nothing.”
Last week, reports emerged that the increase in the price of the memes piece may have been designed, chain data showing large transfers to centralized exchanges. This has led many members of the community to suspect that the team behind the token may have made an invitation after the “pump and emptying” dinner. Trump, however, denied taking advantage of the token, declaring frankly: “I do not take advantage of anything.”
Despite the controversy, which stood out in the interview was Trump's clear approval of the relevance of crypto on the world scene.
“I want the crypto. I think the crypto is important because if we don't do it, China goes. ” He said.
He also underlined their stay of stay, saying: “It is very popular, it is very hot”, while suggesting that the assets had performed better than the consumer market during the recent collapse triggered by a pricing confrontation between the United States and its main business partners.
“If you look at the market, when the market has dropped, it has remained much stronger than other aspects of the market.”
Trump also admitted that his turn on the crypto was because the sector had become very popular. “Millions of people want it,” said the politician.
The praise of the billionaire businessman of cryptocurrencies came in the middle of the reports according to which a company affiliated to him, Trump Media & Technology Group, seeks to integrate crypto into his commercial model.
BTC holds the line
Meanwhile, BTC, the King cryptocurrency, jumped at $ 98,000 last Friday before not supporting the momentum and falling below $ 96,000 during the weekend.
The withdrawal followed a brief conviction of the consolidation area from $ 93,000 to $ 95,000 which had been strong at the end of April.
By currently negotiating at $ 94,666, the daily volume of Bitcoin remains solid, the last 24 hours by seeing about $ 19.5 billion in hands because its domination of the market remained greater than 60%.
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