Donald Trump on cryptocurrencies: ‘they are a potentially disaster waiting to happen’
Trump also raised doubts about cryptocurrencies and then underscored his position that investments should be made in the US currency. He also said that cryptocurrencies are something little known by the population and that they could be fake.
“Who knows what they are, but they’re certainly something that people don’t know much about,” said the former president, adding that he hasn’t been a big fan of the subject, remaining consistent with comments made in the past.
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In 2019, for example, Trump said that bitcoin and cryptocurrencies were not money and that they were based on air.
About two months ago, the former leader of the American executive branch again criticized cryptocurrencies during a Fox Business program. At the time, he said that “bitcoin looks like a fraud”. And he explained why:
“I don’t like it because it’s another currency competing with the dollar. I want the dollar to be the currency of the world; that’s what I always say.”