Trump shows his opposition to Libra and Bitcoin

US President Donald Trump has attacked digital currencies, particularly the Bitcoin and the proposed Facebook currency, and has asked technology companies to register as banks if they want to play bank jobs.

The Tweet as follows: 

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. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

— Donald J. Trump (@realDonaldTrump) July 12, 2019

Trump said the United States had one currency, the dollar, in a sign that digital currencies would not replace the US currency, which the US president has described as stronger than before.

...and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!

— Donald J. Trump (@realDonaldTrump) July 12, 2019

The Trump news came after US Federal Reserve Chairman Jerome Powell called for a suspension of the Libra currency until concerns about issues such as privacy and money laundering were addressed.

After the attack on digital currencies by Trump and Powell, the value of "Bitcoin" yesterday by about 8% to 11164 dollars, according to the agency Reuters.