Former US President Donald Trump spoke about cryptocurrencies in a gathering interview with Fox Business yesterday (August thirty-first). When requested whether or not to use bitcoin or cryptocurrency, Trump replied virtually instantly:

“I don’t. I just like the US currency. I think other things may be a disaster waiting to happen.”

“I’ve got a sense that cryptocurrencies are damaging the United States forex. I feel we must always consolidate, and we must always make investments in our forex, not crypto. Cryptocurrencies may be counterfeit; who is aware of what they’re. “

Donald Trump – Former President of the United States.

Donald Trump has at all times been a critic of Bitcoin and cryptocurrencies. In June, he instructed that Bitcoin “looks like a scam”.

The former president additionally spoke of defending the sovereignty of the US greenback as  precedence reasonably than selling the stagnant monetary system and realizing the stellar advantages that cryptocurrency and blockchain know-how convey.

“I don’t like it because it’s a currency that competes with the dollar … I want the dollar to be the currency of the world.”

In 2019, throughout his tenure, Donald Trump additionally took a tough line on bitcoin and crypto:

“I’m not a fan of Bitcoin and different cryptocurrencies. These guys are not any cash, risky, and inclined to collapse. Unregulated crypto property can facilitate unlawful actions equivalent to drug trafficking and different actions. ”

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According to News.Bitcoin

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