Trump Administration Popped 2017 Bitcoin Bubble, Ex-CFTC Chair Says

“One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked.”

https://www.coindesk.com/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says

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I think this claim is nonsense. Looking back at it now (and the euphoria with it), crypto just wasn’t ready to sustain such a high market cap at the time. The good news is that crypto has been progressing rather than regressing, so the next time around things will be more legitimate than speculative.

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lol yeah…Trumps not that bright imo…but overall, i dont think he really cares too much about bitcoin in general.

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