Today's episode covers the infamous "Trump Tweet" where he states bitcoin is used for illicit activities and is backed by thin air. After 10 years, a sitting US president has spoken publicly about bitcoin. Additionally, Fed Chair Powell also made statements about bitcoin. He acknowledged that bitcoin is a speculative store of value, which we would definitely agree with. Join us as we discuss this and more in episode 27 of the Beef & Bitcoin Podcast.

Trump Tweet

https://twitter.com/realDonaldTrump/status/1149472282584072192

Fed Chair Powell

https://bitcoinist.com/federal-reserve-chairman-jerome-powell-bitcoin-a-store-of-value-like-gold/

Squawk Box

https://twitter.com/SquawkCNBC/status/1151106931802685440

Mnuchin

https://www.youtube.com/watch?v=zAICzg8ir50&feature=youtu.be