Bitcoin is a scam according to Donald Trump

In an interview with Fox Business dated yesterday, Donald Trump declared that Bitcoin was a ” scam “Which required” very, very high regulation “. Why ? Because it would severely compete with the dollar, according to the businessman.

Donald Trump Bitcoin
DR image credits

Former US President Donald Trump told Fox Business that he saw Bitcoin as a scam affecting the value of the US dollar. ” Bitcoin looks like a scam Mr. Trump said. ” I don’t like it because it’s another currency that competes with the dollar. »

Donald Trump takes on Bitcoin once again

While his interview at Fox Business was drawing to a close, the reporter asked the former President of the United States if he planned to invest in Bitcoin, the world’s most recognized cryptocurrency. Confident of himself, Donald Trump replied: ” Bitcoin, it just looks like a scam. I was surprised. You know with us it was $ 6,000 and even a lot lower ».

Donald Trump later indicated that he believed Bitcoin to be a threat to the US dollar. He believes that the cryptocurrency created by Satoshi Nakamoto is now a competing currency. ” I don’t like Bitcoin because it’s basically a currency that competes with the dollar. I want the dollar to be the currency of the world. This is what I have always said! He hammered.

See also: Bitcoin: it loses millions because of its addiction to cryptocurrencies

Donald Trump’s comments obviously follow El Salvador’s announcement of the intention to make the cryptocurrency legal tender. In addition, the price of Bitcoin has been falling steadily since the beginning of May and has not yet recovered.

The falls have been largely attributed to China banning banks and payment companies from providing services related to cryptocurrency transactions, but not just that. Electric car maker Tesla has also announced that it will no longer accept BTC currency for environmental reasons.

Two years ago, Donald Trump had already indicated that he did not like Bitcoin. According to him, its value is “ very volatile and based on nothing at all “. Likewise, cryptocurrencies can “ facilitate illegal behavior, including drug dealing and other illegal activities ».

Watch the interview


Please enter your comment!
Please enter your name here