Former U.S. President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated.
Trump Thinks Bitcoin Is a Scam, Wants Heavy Regulation on Crypto
Donald Trump talked about bitcoin in an interview with Fox Business Monday. Responding to a comment that he does not like bitcoin and he would not invest in it, Trump said the cryptocurrency “seems like a scam.” He noted that when he was president, the price of bitcoin was only $6,000, much lower than it is now, adding:
I don’t like it because it’s another currency competing against the dollar, essentially it’s a currency competing against a dollar. I want the dollar to be the currency of the world. That’s what I have always said.
The former U.S. president also talked about bitcoin in response to questions regarding recent cyberattacks on major companies.
Emphasizing several times during the interview that “the currency should be the dollar,” he explained that “when you have things like that out there, you know what happens is, you really lose something.” He added:
It takes the edge off of the dollar and the importance of the dollar.
Trump a reiterat: „Părerea mea este că moneda acestei lumi ar trebui să fie dolarul și nu cred că ar trebui să avem toate bitcoin-urile lumii acolo”, explicând: „Cred că ar trebui să le reglementeze foarte, foarte înalt."
Trump has never been a fan of bitcoin. In July 2019, when he was still the president of the United States, he commented about bitcoin and cryptocurrencies in general in a series of tweets:
Nu sunt un fan al bitcoinului și al altor criptomonede, care nu sunt bani și a căror valoare este extrem de volatilă și se bazează pe aer. Activele criptografice nereglementate pot facilita comportamentul ilegal, inclusiv comerțul cu droguri și alte activități ilegale.
The former president also targeted Libra, the crypto project proposed by social media giant Facebook. Libra is now called Diem. Trump’s tweet says: “Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new banking charter and become subject to all banking regulations, just like other banks, both national and international.”
Trump și-a încheiat seria de tweeturi cu: „Avem o singură monedă reală în SUA și este mai puternică ca niciodată, atât de încredere, cât și de încredere. Este de departe cea mai dominantă monedă oriunde în lume și va rămâne întotdeauna așa. Se numește dolarul Statelor Unite. ”
What do you think about Trump’s comments on bitcoin and the U.S. dollar? Let us know in the comments section below.
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