latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Trump ‘Will Ban’ Bitcoin When Price Reaches $100,000

Trump ‘Will Ban’ Bitcoin When Price Reaches $100,000
Bitcoin could see a total ban in the United States if its price reaches $100,000, a well-known industry commentator has warned. 

Tom Lee: ‘Nothing Out Of Reach’ For US Gov’t
In a Twitter debate about Washington’s snap ban on flavored e-cigarettes on Sept. 11, Fundstrat Global Advisors co-founder Tom Lee vented concerns about lawmakers’ power to wipe out entire markets overnight.
A regular Bitcoin 0 0 commentator, Lee noted previous negative comments on crypto by President Donald Trump and his administration. 
The ease with which e-cigarettes will disappear from the US, he suggested, meant other contentious phenomena could suffer the same fate.
“This is un-related but shows White House can issue an ‘executive order’ banning anything. And could even ban bitcoin,” he wrote.
“Not expecting it. But with current White House, there is “nothing out of bounds nor out of reach.”
According to a statement on Wednesday, the US government and the Food and Drug Administration (FDA) are determined to eradicate e-cigarettes, at least temporarily, in order to assess their safety.
Complaints allege manufacturers such as Juul are deliberately targeting underage consumers with nicotine-based products. Reports of a “mystery” lung disease on the rise have exacerbated demands for a ban.
Now, flavored e-cigarettes will no longer be available for purchase legally, and must be withdrawn within 30 days. 
Agreement On $100K Bitcoin Ban
Continuing the debate about the likelihood of a Bitcoin ban, Lee argued government temperament directly depended on price. 
Trump tweeted his dislike for cryptocurrency when BTC/USD circled $10,500. Should it become worth ten times that he said, the Trump administration would be much more likely to forbid US residents to use it. 
“True, agree,” he wrote in response to another Twitter user who forecast the $100,000 ban.
While the concept of a state outlawing the supposedly ‘unbannable’ decentralized Bitcoin often sparks anger, little evidence has emerged of how governments would apply such a law.
Attention currently focuses on India in particular, where authorities have repeatedly called for the criminalization of any cryptocurrency not approved by them. 
While some dismissed the idea as unworkable by default, Delhi sparked considerable anger from the industry. Tim Draper, the billionaire investor and supporter of Bitcoin and Blockchain project Tezos, called India’s government corrupt. 
“They are in fact saying, ‘we will not tolerate progress.’ It will set them back 40 years,” he said in July.

Do you think the US would ban Bitcoin at $100,000? Let us know in the comments below!

Images via Bitcoinist Image Library
The post Trump ‘Will Ban’ Bitcoin When Price Reaches $100,000 appeared first on . shares this Contents with License.

Thank you for Share!

Read the full Article

Read the full Article: Trump ‘Will Ban’ Bitcoin When Price Reaches $100,000

Search Crypto News


The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


24h Most Popular News