President Trump's staff are ‘misleading’ him on Bitcoin, says Caitlin Long

14 Jul, 2019 | Updated: 14 Jul, 2019
by Will Heasman
Opinion
President Trump's staff are ‘misleading’ him on Bitcoin, says Caitlin Long

Wall Street veteran turned Bitcoin advocate, Caitlin long, has offered her opinion on the latest drama to unfold within the cryptocurrency community, noting that Trump’s recent comments on Bitcoin are “wrong,” and that Trump may be being misled by his staff.

The now infamous bashing of Bitcoin offered by US president, Donald Trump,  has sent shockwaves around the cryptocurrency industry within the past few days with many divided as to whether these comments offer a step up for Bitcoin or a major blow.

For Long, however, irrespective of how the comments will impact Bitcoin, the crux of the matter was that they were plain wrong, and may actually be a sign that Trump is being misled…

Within a Tweetstorm replying to Trump’s tiny tantrum about cryptocurrencies, Long noted that Trumps staff was “misleading” him:

she qualifies the statement by suggesting that Trumps staff weren’t giving him good advice adding that none of them were experienced enough in the nascent asset class to give advice.

Offering her own sage wisdom, long highlights that the US payment system was “unstable, inefficient,” and “hasn’t really innovated in 50 yrs.”

Long also notes that it is far too late for cryptocurrencies to simply disappear, and warns that if the US “fights” the industry it will be bypassed by other countries that are welcoming it:

“Banks tried to shut down crypto by shunning the industry & look what happened—it didn’t die.”

In closing, Long pleaded with Trump to add some crypto experts to his advisers, adding that he needed a new perspective.

Long wasn't the only respondents to trump’s tirade, Coinbase CEO, Brain Armstrong, also relied, noting it as a momentous occasion:

What do you think? Are Trump's comments a good thing or a bad thing for crypto? Let us know your thoughts in the comments below!

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