?Cryptocurrency is not money?

Washington: Donald Trump expressed his mistrust of cryptocurrency
on Thursday, saying it was “not money” and warning that those
wishing to join the trade would have to abide by banking
regulations.”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,” Trump tweeted. He added that cryptocurrency, whose
electronic nature makes it nearly untraceable, could facilitate
illegal activity.Cryptocurrency has flourished since Bitcoin
launched in 2009. But when Facebook unveiled plans last month for
its own virtual currency, Libra, the announcement rattled financial
regulators the world over.With more than two billion Facebook
users, the social media giant´s cryptocurrency — which is slated
for a 2020 launch and already has multiple partners — could
completely disrupt the financial world. But Trump said that Libra
has “little standing or dependability.”He also warned Facebook and
other companies that, should they launch their own cryptocurrency,
they would have to abide by both American and international banking
regulations. “We only have one real currency in the USA, and it is
stronger than ever,” he tweeted. “It is called the United States
Dollar!” A high-level G7 working group is expected to produce a
preliminary report on asset-backed cryptocurrencies next week when
the group´s finance ministers meet in France.
Source: FS – All-News2-Economy
?Cryptocurrency is not money?