Buy Bitcoin? Trump Says the US 'Should Match' China’s Money Printing Game

US President Donald Trump suggested to the United States to manipulate Chinese and European currencies with "MATCH," causing a fall in the value of the banknote.



The president shared his thoughts in a tweet on July 3rd:

"China and Europe play a big game of manipulation with money and inject money into their system to compete with the United States. We need a MATCH, or still, be models that sit idly and watch while other countries continue to play their games - as they did a lot of years! "

The new attack comes even though the Trump government officially stopped criticizing China for devaluing its currency for unfair commercial benefits just two months ago.

At crypto twitter and Reddit, commentators quickly noticed that, in the light of this "embarrassing" monetary policy, Trump's twitter is almost the same as "a direct order ... to buy bitcoins."

Trump's nominee Judy Shelton nominated just a day before saying she would "try to support the US economic growth program through appropriate monetary policy.".

In a tweet on July 3, analyst eToro Mati Greenspan said he believes the impact of macroeconomic trends on bitcoin is already a reality:

"I understand that central bank policy is the main driver of all markets, including cryptography."


The president's provocation caused new waves in Europe because the foreign currency expert told the CNBC that he fears that management will start dealing with the "compensating tariffs" imposed on the automotive sector, justifying it in response to what the Ministry of Commerce considers artificially depreciating the currencies of some countries.

The second currency strategy has pointed to an unexpected moment of the continuation of the attack on Chinese monetary policy, saying that the yuan was not manipulated for two years.

While politicians use domestic fiduciary currencies to gain market advantage, crypto's argument as a haven seems more robust than ever.

Anthony "Pomp" Pompliano, the co-founder of digital assets Morgan Creek, predicted that by the end of 2021 bitcoin would reach $ 100,000, citing the climate of global instability as a decisive factor.

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