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The Fundstrat cofounder and head of research made the comments said at conference in Singapore, according to Bloomberg.
Trump blasts Bitcoin and says cryptocurrencies, including Facebook’s Libra, should be ‘subject to all banking regulations’
"We have only one real currency in the USA, and it is stronger than ever," Trump said in a tweet.
Hackers stole $40 million of bitcoin from one of the world's largest crypto-exchanges. The exchange said it would cover all losses.
Data compiled by a UBS research analyst indicates that bitcoin's price collapse has followed that of other bubbles. The typical recovery has taken more than ten years.