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Donald Trump on Bitcoin: “Essentially It’s a Currency Competing Against the Dollar”

Donald Trump on Bitcoin: “Essentially It’s a Currency Competing Against the Dollar”


On Monday (June 7), former U.S. President Donald Trump called Bitcoin a “currency” during an interview with Stuart Varney on Fox Business show “Varney & Co.“.

Near the end of the interview, this is what Trump had to say about investing in the stock market and in Bitcoin:

I have not invested in the stock market at this moment. I have in the past but I have not at this moment. I think it’s high. Bitcoin — it just seems like a scam. I was surprised. You know, with us, it was six thousand 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 be the currency of the world. That’s what I’ve always said.




He added:

The currency of this world should be the dollar. And I don’t think we should have all of the Bitcoins of the world out there. I think they should regulate them very, very high… It takes the edge off of the dollar and the importance of the dollar.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Photo by “petre_barlea” via Pixabay



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