Odds of Bitcoin ban by Trump are almost zero, 'it's a nothing burger'

16 Jul, 2019 | Updated: 16 Jul, 2019
by Joeri Cant
Odds of Bitcoin ban by Trump are almost zero, 'it's a nothing burger'

It has been impossible to miss the United States President Trump’s recent Twitter tantrum against Bitcoin and the fear of an outright Bitcoin ban that followed the tweets.

Trump’s hostile views towards the world's most popular cryptocurrency and the recent stance of U.S. Treasury Secretary, Steven Mnuchin, however, haven't done a lot of damage to the number one crypto coin.

Although fears of whether or not a Bitcoin ban could be imposed in the United States did roar its ugly head for just a few seconds, crypto-friendly economist Alex Kruger tweeted that the odds of there being a U.S. Bitcoin ban 'dropped from extremely low to almost zero', following the press conference by U.S. Treasury Secretary, Steven Mnuchin.

The trader rightfully pinned down Mnuchin’s comments as a 'nothing burger', which basically means that these comments by Mnuchin and Trump can be considered to be 'lame, a dead-end, a dud, and insignificant'.

Chepicap previously reported on Kruger Kruger asking the question of whether Trump would actually want to ban Bitcoin, which, based on his comments, could very well happen.

However, banning Bitcoin is futile and would likely reflect negatively in the lead up to the 2020 election, and could lead to a loss of librarian votes, especially when democrat candidates, such as Andrew Yang, openly accepts the use of cryptocurrency and its underlying technology.

What do you think? Is a Bitcoin ban likely? Let us know in the poll below.

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Could Bitcoin be banned in the US?

(27 votes)

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