Trump apparently knows what Bitcoin is, and he doesn’t like it

President Donald Trump took some time out of his evening to tweet about cryptocurrencies today, announcing to the world that he is “not a fan” of Bitcoin and other cryptocurrencies because their “value is highly volatile and based on thin air.”

In a series of tweets, Trump expanded on his thoughts on crypto, saying Facebook’s newly announced Libra virtual currency “will have little standing or dependability,” and that the company should seek a banking charter and be regulated like any other traditional financial institution. Incidentally, that puts Trump on the side of House Democrats, a group of which last week officially asked Facebook to put its Libra plans on hold so it can be properly investigated for risks to the global financial…

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