So Trump doesn’t like Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies:
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
The president reportedly criticised large tech companies, saying that they treat conservative voices unfairly. The Internet Association, which represents firms including Facebook, Twitter and Google, said: “Internet companies are not biased against any political ideology, and conservative voices in particular have used social media to great effect.”
Trump has also threatened a retaliatory move should France impose a digital tax on GAFA companies (Google, Apple, Facebook and Amazon).
These things matter because eventually they affect the money in our pocket.
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