skip to Main Content
bitcoin
Bitcoin (BTC) $ 98,589.41 5.45%
ethereum
Ethereum (ETH) $ 3,490.95 3.95%
tether
Tether (USDT) $ 1.00 0.13%
xrp
XRP (XRP) $ 2.32 6.33%
bnb
BNB (BNB) $ 695.05 2.23%
solana
Solana (SOL) $ 196.07 6.31%
dogecoin
Dogecoin (DOGE) $ 0.333876 6.77%
usd-coin
USDC (USDC) $ 1.00 0.24%
staked-ether
Lido Staked Ether (STETH) $ 3,481.74 3.78%
cardano
Cardano (ADA) $ 0.935789 5.22%

Former US President Donald Trump: Bitcoin Looks Like a Scam

Former President of the United States Donald Trump has said that he is not a fan of bitcoin because of the threat the flagship cryptocurrency poses against the U.S. dollar.

trump_cover
Donald Trump. Image by Bloomberg
  • In a telephone interview on Monday (June 7, 2021), Trump called bitcoin a scam because he did not like that the biggest cryptocurrency by market capitalization was competing against the U.S. dollar.
  • According to the former U.S. President, the dollar’s hegemony status should be permanent.

“Bitcoin just seems like a scam…I don’t like it because it is 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 is what I have always said.”

  • Meanwhile, Trump’s dislike for bitcoin is not new, as the former U.S. president has always believed that BTC and other crypto-assets should not be regarded as money. Back in 2019, Trump said that bitcoin was highly volatile and its value was based
Loading data ...
Comparison
View chart compare
View table compare
Back To Top