NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Donald Trump Likely Didn’t Cause Bitcoin Crash to $10,500: Analytics

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Last week, the crypto market was blessed by a historical event: Bitcoin and Libra were both mentioned in name by the sitting American President.

Related Reading: Analyst: Bitcoin Could Hit $9,000 Should Bearish Breakdown Occur; Here’s Why

In a three-part thread, Donald Trump lambasted cryptocurrencies as a whole. Per previous reports from NewsBTC, the American leader tried to dismantle the value proposition of not only decentralized cryptocurrencies — such as and namely Bitcoin — but Facebook’s Libra too.

Trump quipped that he doesn’t believe that digital assets are money, adding that they are also known to be very volatile and “based on thin air”.  The President went on to argue that cryptocurrencies can and do “facilitate unlawful behavior”, citing its use in the drug trade and “other illegal activity”.

He even took some time to poke the Libra crowd, claiming that the association should abide by “all Banking Regulations”, and that the U.S. Dollar should be the world’s strongest currency.

As a result of this sudden tweetstorm, which many say would cement Bitcoin as “dangerous” in the eyes of millions, some began to run scared. In fact, some have suggested that the recent Bitcoin downturn to $10,500 is a result of Trump’s comments on cryptocurrency.

Trump Didn’t Trigger This Week’s Bitcoin Selloff

According to a report from crypto analytics startup The TIE, this isn’t the case.

The TIE acknowledges that Trump’s tweet regarding Bitcoin did spark increased conversations about this budding market, noting that in the hours after the message spread, tweets involving “BTC” moved from 35,000 to 50,000.

It was also noted that most of the talk involving the President’s thoughts on Bitcoin is “negative-leaning”, hinting that the tweet could have negative effects on the reputation of cryptocurrency in the public’s eyes.

However, the TIE concludes that “while Trump remains a hot topic in BTC tweets, at this point, he does not appear to have had a significant impact on the coin”.

1/

Three days after Donald Trump's Bitcoin tweet, he continues to dominate conversations on twitter about the cryptocurrency. Trump remains the most used word in Bitcoin tweets. Tweets mentioning Trump and Bitcoin are slightly negative leaning now.https://t.co/unv25rqrcJ pic.twitter.com/Axeps7J3SN

— The Tie (@TheTieIO) July 14, 2019

Still Long-Term Bullish 

While Trump’s thoughts regarding the nascent cryptocurrency space had seemingly no effect on short-term price action, analysts, like Fundstrat’s Tom Lee, suggest that the single Twitter thread poses a massive bullish catalyst for Bitcoin.

In fact, speaking to Yahoo Finance in a recent segment, Fundstrat’s resident cryptocurrency bull wasn’t shy to claim that Trump’s seemingly straight-out-of-left-field tweets about Bitcoin and its ilk could help BTC hit $40,000 in the near future.

Lee’s reasons to be bullish now include Trump’s tweets on top of growing institutional adoption and investment, dovish fiscal policy by central banks, and certain macroeconomic trends that should tactily scream “buy Bitcoin”.

And as covered by this outlet previously, anti-establishment proponent Max Keiser believes that Bitcoin could rally to $100,000 as a result of the tweet.

The RT contributor suggests that by tweeting anti-Bitcoin thoughts, Trump is opening the U.S. up to being proverbially “kicked” by foreign adoption of BTC and other cryptocurrencies.

That’s not all.

Jeremy Allaire, the chief executive of the Goldman Sachs-backed Circle, suggested that Trump’s tweets — yes, tweets — is potentially the “largest bull signal” for Bitcoin of all time.

While this may seem counter-intuitive, as Trump denouncing cryptocurrencies may actually trigger heavy-handed regulation, Allaire explains that this elevates cryptocurrency to the global stage.

No longer is Bitcoin an asset for the fringe. Now, it exists in the mainstream, as more likely than not, this single Twitter thread, exposed to upwards of 68 million Twitter users, will trigger global political and economic discussion on the matter. And by simple virtue of curiosity and the so-called “Lindy Effect”, this space could grow rapidly.

Featured Image from Shutterstock
Tweet123Share264ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first...

Scott Matherson 3 hours ago
SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip

SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip

Ethereum is undergoing a critical test after breaking above the key $2,850 resistance level and reaching a local high of...

Sebastian Villafuerte 4 hours ago
Crypto

‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

In a major blow for the crypto industry, several bills championed by President Donald Trump failed to pass a crucial...

Ronaldo Marquez 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

Scott Matherson 41 minutes ago
Bitcoin

Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame?

Keshav Verma 1 hour ago
Chainlink

Chainlink Bullish Trigger: Why $16 Holds The Key To The Next Rally

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    3 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    9 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    9 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    10 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.