Should I buy Bitcoin? Trump: U.S. should retaliate against currency manipulation games

"Should I buy Bitcoin?" is probably the question everyone is asking nowadays. While Trump did not directly answer this question in his tweet last week, he indirectly gave some advice.

According to a report, President Trump suggested that the U.S. should respond to China and Europe's currency manipulation, which has led to the depreciation of the U.S. dollar. In a post on Twitter last week on July 3rd, Trump said: "To compete with the U.S., China and Europe are playing a big currency manipulation game and pumping money into their system in order to compete with us. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games - as they have for many years!" Despite the Trump administration officially halting accusations against China two months ago for seeking unfair trade advantages and intending to devalue the U.S. dollar, new attacks are still ongoing. On Crypto Twitter, commentators mentioned that due to this "competitive devaluation" currency policy, Trump's tweets are almost equivalent to a "direct order to buy Bitcoin." eToro analyst Mati Greenspan agreed with the commentators' views. In a tweet posted on July 3rd, he stated: "My understanding is that central bank policy is the biggest driver of all markets, including cryptocurrencies." Trump's provocative actions have sparked a new wave in Europe. A foreign exchange strategy expert expressed concerns that the U.S. government may exert pressure on the EU with "anti-subsidy tariffs." As politicians use national fiat currencies as weapons to gain trade advantages, the argument for cryptocurrencies as a means to "hedge" assets seems stronger than ever. In an earlier comment this week, Morgan Creek Digital Assets co-founder Anthony "Pomp" Pompliano even predicted that Bitcoin (BTC) would reach $100,000 by the end of 2021. **Related Reading:** - [U.S. Congressman from North Carolina Defends Blockchain in Testimony to House Ways and Means Committee](https://media.ace.io/congressman-budd-defends-blockchain-in-testimony-to-house-ways-and-means-committee/) - [Bitcoin Dominance Continues to Rise, What About Altcoins?](https://media.ace.io/crypto-bubbles/) --- Join now to get the most comprehensive information on financial technology, blockchain news, and industry examples! [Click here to join](https://line.me/R/ti/p/@ace.exchange)