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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

NYPost Columnist Asks Donald Trump to Investigate Bitcoin Manipulation

Davit Babayan
Davit Babayan
6 years ago
2 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.

A New York Post columnist has asked the United States, the European Union, and Chinese authorities to investigate who is behind the price manipulation in the bitcoin market.

Finance journalist John Crudele wrote that bitcoin is nothing more than a confidence game – where people denote value to an asset based on faith. It is likely for people to suddenly lose interest in “a fake digital currency,” which is backed by nothing and is “the definition of a con.” Excerpts:

“I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.”

Crudele asked authorities to look into bitcoin’s wild price moves, believing the likelihood of investors losing money like they did when bitcoin plunged from $20,000. The columnist also claimed that US President Donald Trump is an avid reader of his columns, which means that anything he writes against bitcoin would spontaneously alert the White House.

“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now,” warned Crudele. “No need to even make a phone call.”

The Criticism of Critics

Crudele’s recommendations followed the reactions he received after publishing an anti-bitcoin article on May 20, titled “Bitcoin will soon be worth zero.” The 93-word editorial attracted a lot of flacks from the cryptocurrency community, mostly for its lack of constructive criticism of bitcoin. Mike Dudas, a crypto-researcher at The Block, called Crudule’s article a “very lazy BTC trolling.” Morgan Creek Capital co-founder, Anthony Pompliano, joked that NYPost’s worth would fall to $0 before that of bitcoin.

Lol at this rate, NY Post will hit $0 before Bitcoin 😭

— Pomp 🌪 (@APompliano) May 21, 2019

In response, Crudele accused his critics of losing their minds whenever someone like him writes anything negative about bitcoin. The columnist wrote that he is keeping all the hate emails and tweets handy, taunting that their senders would be “thrilled to defend bitcoin in front of the investigators” from the US regulatory agencies, including the Securities & Exchange Commission, the Justice Department, and the IRS.

The Great Examples

Crudele said he did not start a hate campaign against bitcoin. Instead, he appeared to advise that it was financial heavyweights that have been critical of bitcoin. The journalist reminded that Warren Buffett, the chairman, and CEO Berkshire Hathaway, called bitcoin “rat poison squared,” while his associate, Vice Chairman Charlie Munger, said the cryptocurrency was “just dementia.”

The article further mentioned JP Morgan Chase CEO Jamie Dimon who called bitcoin a fraud in 2017. However, the executive later backed-off that statement, saying that he was wrong about the cryptocurrency.

“Dimon was probably getting pressure from his company’s traders, who figure they can make a quick score before bitcoin collapses,” reasoned Crudele.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found 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

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Len málo tokenov vyvolalo toľko rozruchu a sympatií ako Dogecoin. To, čo začalo ako vtip, sa vďaka memom, nadšeniu malých...

newsbtc 2 hours ago
Bitcoin price crash

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

Despite the Bitcoin price holding up quite nicely above $100,000 and remaining very close to its all-time high levels, there...

Scott Matherson 4 hours ago

Станут ли 600 000 BTC точкой невозврата?

Запас биткоинов MicroStrategy составляет 597 325 биткоинов общей стоимостью почти $65 млрд, и следующий шаг может привести к тому, что...

lisachaikina 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

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 40 minutes ago
Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Christian Encila 1 hour ago
bitcoin news

2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals

Jake Simmons 2 hours ago

Premium Sponsors

Press Releases

  • こちらがご希望のリライト案です。キーワード「アルトコイン」をタイトルの最初に入れています。

    ...

    24 minutes ago
  • Mobile phone is a mining machine! ETHRANSACTION launches...

    50 minutes ago
  • SEC, Quidax Bring Together Top Banks, Asset Managers to...

    3 hours ago
  • Wzrost altcoinów zgodny z tematyką artykułu

    3 Altcoins, na które warto zwrócić uwagę w pierwszym...

    3 hours ago
  • MEXC Ventures Hosts Successful “Kickstart Your...

    3 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.