Donald Trump's bitcoin takedown signals global currency war
US President Donald Trump's tweet attacking bitcoin (BTC-USD) highlights his increasing interest in controlling global currency markets - an interest that could create a "new world order" in foreign exchange.
Trump's interest in bitcoin and reassertion of the dollar's dominance highlights the President's increasing interest in currency markets.
HSBC and ING both told clients last week that the US could be gearing up for broader intervention in global currency markets.
The President is therefore keen to remind people there is “only one real currency in the USA” — and it’s not bitcoin or Libra.