President Donald Trump tweets "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." It was his first public statement on Bitcoin and seemed to put the most powerful person in the world firmly in the anti-Bitcoin camp. The tweet came days after Bitcoin had rallied above $12,000 and amid growing interest from Facebook's Libra project. In a remarkable reversal, Trump would later embrace Bitcoin during his 2024 presidential campaign, promising to make America the "crypto capital of the world."
Trump's original Bitcoin tweet