Coinbase CEO: Trump’s Bitcoin Rant is ‘Achievement Unlocked’

By Jamie Green – Crypto Dealer

On July 12th, US President Donald Trump tweeted how he isn’t a fan those buying Bitcoin or any other cryptocurrency, as depicted on Cointelegraph. Well, it seems a couple of hours after he made those comments, the Bitcoin price remained stagnant, only for it to make 1% gains on Friday.

Whether it was meant to be negative or not, advocates appreciated this move as it resulted in one heck of a milestone for Bitcoin, thanks to Trump mentioning it to the public.

Coinbase CEO Brian Armstrong stated that the idea Trump openly discredited Bitcoin is proof that the global cryptocurrency is independent of global powers and cannot be manipulated by them. Many users solely buy and sell Bitcoin because of its decentralisation and not one government can own or control it.

Armstrong tweeted:

“Achievement unlocked! ‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step 3 y'all.”

Armstrong’s tweet epitomised the reaction of Bitcoin users. In an ironic twist of fate many on social media thanked Trump for the free publicity, which noted a surge in interest as Google Trends reveals yet shy of causing more to buy Bitcoin and increase its price.

Cryptocurrency entrepreneur, Simon Dixon remarks, “congratulations BTC community — the president of the United States feels we are worthy of a tweet now” Dixon also stated that Bitcoin has outperformed USD by 23,440,508% since many started pricing the asset in USD. Some strong statistics to endorse crypto buying and selling and the monumental growth Bitcoin has experienced in recent years.

RT host and regular Bitcoin bull, Max Keiser, believes Trump has squandered his chances of re-election in 2020, while eToro senior analyst, Mati Greenspan considered Trump’s words to be an “early nomination for the most bullish tweet of the year.”

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