Cryptocurrency demean as a currency with no real value

 

Former President of US, Donald Trump proclaimed Bitcoin as a currency of no real value. 

"Bitcoin competing against dollar seems like another manipulation, as dollar should be considered as the currency of the world", he said.

Moreover, from recent reports shown Bitcoin flunctuates at a steady fall in its value which raises concern among investors in Nigeria and many other countries.

Due to the arising factors, Federal authorities in China issued a joint statement admonishing citizens to stay clear from any form of cryptocurrency services. 

China are verbalised concerning their stand on any form of digital cryptocurrency as the National Internet Finance Association of China, China Banking Association and Payment and Clearing Association of China cautioned crypto is of no real value.

They claimed their prices are easily manipulated and stated a note of sound warning to Banking institution to avoid any digital currency transaction or face serious sanction.

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