Trump has never ever 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 basic in a series of tweets:
I am not a fan of bitcoin and other cryptocurrencies, which are not cash, and whose value is highly volatile and based on thin air. Uncontrolled crypto assets can assist in unlawful behavior, including drug trade and other prohibited activity.
The former president also targeted Libra, the crypto task proposed by social networks giant Facebook. Libra is now called Diem. Trumps tweet states: “Facebook Libras virtual currency will have little standing or dependability. If Facebook and other business desire to end up being a bank, they must look for a brand-new banking charter and end up being subject to all banking regulations, simply like other banks, both nationwide and international.”
Trump concluded his series of tweets with: “We have only one real currency in the USA, and it is more powerful than ever, both trusted and reputable. It is by far the most dominant currency anywhere in the World, and it will constantly stay that way. It is called the United States dollar.”
What do you think of Trumps discuss bitcoin and the U.S. dollar? Let us know in the remarks area listed below.
Former U.S. President Donald Trump says he does not like bitcoin due to the fact that it is a currency that competes with the dollar, which he desires to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be extremely heavily regulated.
Trump Thinks Bitcoin Is a Scam, Wants Heavy Regulation on Crypto
Donald Trump discussed 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 stated the cryptocurrency “seems like a rip-off.” He kept in mind that when he was president, the cost of bitcoin was just $6,000, much lower than it is now, adding:
I dont like it because its another currency completing against the dollar, essentially its a currency competing against a dollar. I want the dollar to be the currency of the world. Thats what I have always stated.
The previous U.S. president also talked about bitcoin in response to questions concerning current cyberattacks on major business.
Highlighting numerous times during the interview that “the currency ought to be the dollar,” he described that “when you have things like that out there, you know what occurs is, you truly lose something.” He included:
It takes the edge off of the dollar and the importance of the dollar.
Trump reiterated, “My viewpoint is that the currency of this world must be the dollar, and I do not believe we need to have all of the bitcoins of the world out there,” elaborating: “I believe they must regulate them very, very high.”
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Donald Trump talked about bitcoin in an interview with Fox Business Monday. He kept in mind that when he was president, the price of bitcoin was only $6,000, much lower than it is now, adding:
I do not like it due to the fact that its another currency completing versus the dollar, essentially its a currency contending versus a dollar. Trumps tweet says: “Facebook Libras virtual currency will have little standing or dependability. Trump concluded his series of tweets with: “We have only one real currency in the USA, and it is stronger than ever, both reliable and reputable.
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