Following President Trump’s criticism late last week, the most valuable virtual currency fell up to 15 percent over the weekend, while Ethereum and Litecoin dipped even more sharply, by 23 and 17 percent, respectively. Trump took aim at Libra, Facebook’s proposed virtual currency, tweeting Thursday that cryptocurrencies “are not money” and they “facilitate unlawful behavior.” Still, Bitcoin is up more than 160 percent from the beginning of 2019.

Why does it matter? Trump’s critique may have actually been a crucial moment for cryptocurrencies because it showed they’ve become a significant part of the public conversation, analysts say.

Sourced through Scoop.it from: www.ozy.com