NYPost Columnist Asks Donald Trump to Investigate Bitcoin Manipulation

A New York Post columnist has asked the United States, the European Union, and Chinese authorities to investigate who is behind the price manipulation in the bitcoin market.

Finance journalist John Crudele wrote that bitcoin is nothing more than a confidence game – where people denote value to an asset based on faith. It is likely for people to suddenly lose interest in “a fake digital currency,” which is backed by nothing and is “the definition of a con.” Excerpts:

“Ive said the same thing when a bitcoin was selling for $20,000.And still was saying it when it plunged to $4,000. Its real worth: $0.”

Crudele asked authorities to look into bitcoin’s wild price moves, believing the likelihood of investors losing money like they did when bitcoin plunged from $20,000. The columnist also claimed that US President Donald Trump is an avid reader of his columns, which means that anything he writes against bitcoin would spontaneously alert the White House.

“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, thats what Im suggesting right now,” warned Crudele. “No need to even make a phone call.”

The Criticism of Critics

Crudele’s recommendations followed the reactions he received after publishing ananti-bitcoin articleon May 20, titled “Bitcoin will soon be worth zero.” The 93-word editorial attracted a lot of flacks from the cryptocurrency community, mostly for its lack of constructive criticism of bitcoin. Mike Dudas, a crypto-researcher at The Block, called Crudule’s article a “very lazy BTC trolling.” Morgan Creek Capital co-founder, Anthony Pompliano, joked that NYPost’s worth would fall to $0 before that of bitcoin.

In response, Crudele accused his critics of losing their minds whenever someone like him writes anything negative about bitcoin. The columnist wrote that he is keeping all the hate emails and tweets handy, taunting that their senders would be “thrilled to defend bitcoin in front of the investigators” from the US regulatory agencies, including the Securities & Exchange Commission, the Justice Department, and the IRS.

The Great Examples

Crudele said he did not start a hate campaign against bitcoin. Instead, he appeared to advise that it was financial heavyweights that have been critical of bitcoin. The journalist reminded that Warren Buffett, the chairman, and CEO Berkshire Hathaway, called bitcoin“rat poison squared,” while his associate, Vice Chairman Charlie Munger, said the cryptocurrency was “just dementia.”

The article further mentioned JP Morgan Chase CEO Jamie Dimon who called bitcoin a fraud in 2017. However, the executive later backed-off that statement, saying that he was wrong about the cryptocurrency.

“Dimon was probably getting pressure from his companys traders, who figure they can make a quick score before bitcoin collapses,” reasoned Crudele.

The post NYPost Columnist Asks Donald Trump to Investigate Bitcoin Manipulation appeared first on NewsBTC.

26.05.2019 / 04:20 87
New York Post Publishes the Most ‘Insightful’ Anti-Bitcoin Article Yet New York Post Publishes the Most
There are certain mainstream media outlets which are well known for their generally anti-Bitcoin stance in published ‘news’ stories. But at least
New York Post Blasts Bitcoin Based on, Well, Nothing at All New York Post Blasts Bitcoin Based on,
In a wonderfully verbose display of journalistic prowess, the New York Post has once again attacked Bitcoin. In its latest piece on the crypto asset,
Donald Trump Sets His Eyes On Crypto Donald Trump Sets His Eyes On Crypto
REUTERS/Dominick ReuterThe President of the United States, Donald Trump, has ordered the creation of a new task force to investigate crimes related
The New York Post Really Doesn’t Have a Clue About Bitcoin The New York Post Really Doesn’t Have a
Here at NewsBTC we love hearing the musings of dusty old conservatives trying to debase something they know absolutely nothing about. Today we
Free Publicity: Venezuela Thanks Trump’s Petro Ban for Doubling Investors Free Publicity: Venezuela Thanks
The executive secretary of Venezuela’s Blockchain Observatory, Daniel Pe?a, recently did an interview for the country’s Cuatro F newspaper, in which
US President Trump Bans US Citizens From Buying Petro US President Trump Bans US Citizens
US President Donald Trump introduces executive order, banning US citizens from buying Venezuelas oil-backed digital currency, the Petro. President
Comments (0)
Add a comment
Comment on