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Donald Trump has been chasing Bitcoin (BTC) for a while


A rumor mentioned in a book reveals that in 2018 Donald trump he literally said to Steven Mnuchin that was after Bitcoin.

Nick Chong I report about this at Forbes, according to who in the book, not yet published and written by the former national security adviser John Bolton and titled "The room where it happenedIt was the first time that the current President of the United States spoke about Bitcoin.

Bolton was appointed National Security Adviser by Trump himself in March 2018, but in September 2019, Trump announced via Twitter that he had asked for and obtained his resignation.

Therefore, the conversation mentioned in the book, which presumably took place in May 2018In fact, it may have taken place in his presence.

Steven Mnuchin, on the other hand, is the Secretary of the Treasury, a close aide to the President since February 2017 (Trump has been in office since January 20, 2017).

The story Chong told on Forbes begins with the Washington Examiner, who allegedly obtained an excerpt from the book containing Trump's Bitcoin quote in May 2018.

The funny thing is that Trump's famous tweet against Bitcoin, which is the first time that he has addressed the subject publicly, it is dated July 2019, more than a year after the alleged appointment.

To be clear, in May 2018 the price of bitcoin was around $ 7,000, after the last big speculative bubble burst between the end of December 2017 and February 2018.

However, in July 2019, it had exceeded $ 10,000 and was heading to the top of the year, with more than $ 13,000.

After peaking in 2019, the price dropped back to around $ 8,000 in late September.

Precisely in September 2019, Trump declared that he would be willing to ban Bitcoin if its price reaches $ 100,000.

Regarding the May 2018 appointment, the only other information Chong revealed is that it was in the context of a conversation with Mnuchin about trade sanctions and duties against China.

Mnuchin himself in December 2019 explicitly spoke against Bitcoin, when the BTC price hit annual lows, below $ 7,000.

These dates seem to show some interest from Trump and Mnuchin in bitcoin price fluctuations, with a particular interest in those times when the focus, especially from the media, is high.

However, the strange thing is that during the entire course of 2017, when both Trump and Mnuchin were already in charge, they did not seem to be interested in Bitcoin, even during the exaggeration that led to the historical maximum, that is, as the last Big speculative bubble inflated between October and December 2017.

This last consideration raises some questions about his real intentions, and especially about Donald Trump's real interest in Bitcoin. It is very difficult to imagine what they are thinking, but it is unlikely that everything can be reduced to that single sentence in May 2018.

Also because there have been assumptions for some time that Trump really owns BTC, although officially there is no confirmation of this.

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