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Bitcoin, it just seems like a scam, says Former U.S. President Donald Trump



Donald Trump

Former U.S. President Donald Trump says Bitcoin seems like a scam, in a interview on Monday.

Speaking with Fox Business’s Stu Varney, Trump said:

“Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at 6,000 and, much lower. I don’t like it because it’s another currency competing against the dollar, essentially it’s a currency competing against the dollar. I want the dollar to the currency of the world. That’s what I’ve always said.”

“I’m not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump said at the time. It’s unclear whether Trump’s thinking on the matter has evolved, given that he referred to bitcoin as a “currency” during the Monday interview.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.