Former U.S. President Donald Trump says cryptocurrencies are “probably a catastrophe ready to occur.” As well as, he stated that they “could also be pretend.” His feedback adopted one other when he stated bitcoin “appeared like a rip-off.”
Trump Is Nonetheless No Fan of Bitcoin or Crypto
Donald Trump talked about cryptocurrency in an interview with Fox Business Tuesday. Responding to a query about whether or not he has dabbled in bitcoin or cryptos, Trump promptly stated: “I don’t. I just like the foreign money of the US.” He elaborated:
I believe the others are probably a catastrophe ready to occur.
“I really feel that it [cryptocurrency] hurts the US foreign money,” he continued. “I believe we must always strengthen, we ought to be invested in our foreign money, not in [cryptocurrencies].” He additional exclaimed, “They [cryptocurrencies] could also be pretend, who is aware of what they’re.”
Referring to crypto, the previous president admitted, “They’re actually one thing that individuals don’t know a lot about.” He reiterated:
No. I’ve not been a giant fan.
Trump has all the time been a critic of bitcoin and crypto. In June, he stated bitcoin “appeared like a rip-off.” He added, “I don’t prefer it as a result of it’s one other foreign money competing in opposition to the greenback … I would like the greenback to be the foreign money of the world.”
In 2019, whereas nonetheless president of the U.S., Trump tweeted: “I’m not a fan of bitcoin and different cryptocurrencies, which aren’t cash, and whose worth is extremely risky and based mostly on skinny air. Unregulated crypto property can facilitate illegal habits, together with drug commerce and different criminality.”
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