Home Bitcoin News Former US president Donald Trump says bitcoin ‘just seems like a scam’

Former US president Donald Trump says bitcoin ‘just seems like a scam’

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Former U.S. President Donald Trump reiterated his unfavorable stance on bitcoin throughout a Monday morning interview, declaring that “it simply looks as if a rip-off.”

Talking with Fox Enterprise’s Stu Varney, Trump said:

“Bitcoin, it simply looks as if a rip-off. I used to be shocked — you recognize, with us, it was at 6,000 and, a lot decrease. I do not prefer it as a result of it is one other forex competing towards the greenback, basically it is a forex competing towards the greenback. I would like the greenback to the forex of the world. That is what I’ve all the time stated.”

In 2019, Trump — as president — blasted bitcoin and cryptocurrency throughout a tweet thread. As reported on the time, Trump took purpose at Fb and Libra, now often called Diem, the long-delayed stablecoin mission that drew the ire of regulators and lawmakers within the U.S.

“I am not a fan of Bitcoin and different Cryptocurrencies, which aren’t cash, and whose worth is extremely unstable and primarily based on skinny air,” Trump stated on the time. It is unclear whether or not Trump’s considering on the matter has developed, on condition that he referred to bitcoin as a “forex” throughout the Monday interview.

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