Responding to a tweet from a user, Donald Trump said that the ban for Bitcoin will occur when it reaches $100,000. This doesn’t mean that this ban can’t happen sooner than expected, nor does it mean that BTC will actually reach that figure. Nevertheless, the President of the United States has, once again, shown disinterest and contempt for the cryptocurrency.
Everything started on Twitter on September 11th, during a debate on the ban on electronic cigarettes. Tom Lee, the co-founder of Fundstrat Global Advisors, pointed out that the White House and, more generally, the United States, have the ability to pass legislation with no problems.
“This is un-related but shows White House can issue an ‘executive order’ banning anything. And could even ban bitcoin”,
E-cigarette manufacturers and consumer associations are trying to fight this battle against the Trump administration and the bans they want to put on these devices. Since the long-term effects of the components are not yet known and several manufacturers have pointed out that they can actually be very harmful, the ban is not a completely senseless choice.
Both the US government and the Food and Drug Administration (FDA) are determined not to allow the sale of these cigarettes, at least temporarily, in order to assess every aspect of their safety. Within 30 days each product will be withdrawn from the market and its sale will be prohibited.
The President of the United States had already pointed out his “interest” in cryptocurrencies, especially bitcoin (BTC) when it reached $ 10,500. Trump himself made a comment on Twitter yesterday about the bitcoin ban:
in response to another user who suggested the ban on the cryptocurrency once it reaches the figure of $100,000. It’s not so utopian to think that Trump despises decentralisation and is somewhat concerned about the value that this cryptocurrency is achieving over time.