This comes after former President Donald Trump made negative statements about Bitcoin and cryptocurrencies in general on several occasions. In June, he branded Bitcoin a “scam against the dollar,” and in October, during a Fox News interview, he reiterated his stance, stating,
“I’m a big fan of our currency and I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way. If you look at a monetary system based on the dollar, if you start losing credibility, all of a sudden you’re going to lose that strong monetary system.”
This also comes as Melania Trump dabbles in cryptocurrency technology, developing her non-fungible token, or NFT, a type of digital artwork built on blockchain technology and intended to be bought and sold as financial assets.
Since its introduction, Bitcoin’s value has skyrocketed, with many of its early supporters becoming incredibly wealthy. However, its early promises of becoming a widely accepted currency outside of government control have generally fallen short, with holders perceiving it more as a speculative investment than money to be traded for goods and services.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
Coincu News
Kraken may drop USDT in the EU due to upcoming MiCA regulations. Other exchanges adapt,…
Rumor has it that zkSync, an Ethereum scaling solution, may drop a governance token soon.…
Oklahoma crypto bill OKHB3594 safeguards residents' rights to use and self-custody digital assets, legalizes home…
Solana tops CoinGecko, boasting highest daily transactions per second (TPS). It outperforms Ethereum and Polygon,…
Bitcoin's correlation with mainstream assets, like tech stocks, is on the rise, fueled by optimism…
The Federal High Court in Abuja has denied bail to Tigran Gambaryan, a senior Binance…
This website uses cookies.