Binance CEO Says President Trump Will Buy Bitcoin

Binance CEO Changpeng Zhao says he thinks President Trump will flip on Bitcoin and become an investor – after he leaves office.

At this week’s Binance meetup in Canary Wharf, London, Zhao touted Trump’s business smarts and said the sitting president is currently in no position to publicly back Bitcoin over the US dollar, reports Decrypt.

“I’m pretty sure that after Trump retires, he will get into crypto. Right now, without retiring, he’s in a position that he should not promote crypto over U.S. dollars.

President Trump is a very smart businessman. I think he will get it.”

Last month Trump scolded the crypto scene in a dismissive tweet.

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

At that time, Zhao told CNBC he thinks Trump’s comments actually gave the crypto industry a boost and noted that Trump hasn’t actively done anything to change crypto regulations in the US.

“Trump so far has not done anything positive or negative, he’s just said he’s not a fan. The fact that he tweeted about it, and the president of the United States is talking about cryptocurrency, it’s a good thing.

Cryptocurrency will survive regardless of any one country. Most countries that try to ban bitcoin cause their citizens to want cryptocurrency more.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Binance CEO Says President Trump Will Buy Bitcoin appeared first on The Daily Hodl.