Former US President Donald Trump Says About Crypto: “I Don’t Want Other Currencies To Come Out And Hurt The Dollar”

Former US President Donald Trump Says About Crypto: "I Don't Want Other Currencies To Come Out And Hurt The Dollar"

Former US President Donald Trump Says About Crypto: "I Don't Want Other Currencies To Come Out And Hurt The Dollar" By Daily EditorBitcoin

The former president of the United States has always been against Bitcoin and crypto, he claims to be an admirer of the dollar as a currency.

***

Former United States President Donald Trump commented in an interview with Adam Shapiro from Yahoo Finance on the growing popularity of cryptocurrencies and the strong anti-crypto crackdown by the Chinese government.

In the conversation, the politician and investor reiterated his anti-crypto stance: “I don’t want other currencies to come out and harm or degrade the dollar in any way.”

China’s intentions

Shapiro asked Trump: “What do you think Xi Jinping is doing? And is this crackdown on cryptocurrencies good for the US?

In this regard, he replied:

Well, I think you want to make your own currency, be it crypto or otherwise.

In this, Trump agrees with other spokesmen who think similar things: in his quest to empower the next digital yuan, the Chinese president wants to crush crypto.

Additionally, he was asked about the growing popularity of cryptocurrencies. On that, Trump said: “One of the reasons we have to be very careful is that we have a currency right now, the dollar. And I am a huge fan of the dollar. I am a big fan of our currency “. He emphasized:

I don’t want other currencies to come out and harm or degrade the dollar in any way.

He also continued: And China is certainly not looking to back the dollar. But right now they are based on the dollar and they would probably have to stay that way unless we do something very silly in our country. “

In relation to the crisis on the border with Mexico and the withdrawal from Afghanistan, Trump highlighted: “The problem I have… is that our country is losing credibility ”. He explained: “If you look at a dollar-based monetary system, if you start to lose credibility, suddenly you’re going to lose that strong monetary system. And we have to be very careful with that. “

Against Bitcoin since ever

Trump has always been a critic of crypto, highly emphasized while he was president. While he was still President of the United States, in July 2019, he tweeted: “I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on air. Unregulated crypto assets can facilitate illegal behavior, including drug trafficking and other illegal activities. “

After coming out of the presidency, he has continued to speak ill of the digital currency. In June of this year he said that for him Bitcoin it looked like a scam.

See also  FBI joins investigation to dismantle South Africa's biggest crypto scam: Mirror Trading

Also, a month ago, in an interview with Fox Business He said about crypto: “I think they are potentially a disaster waiting to happen.” And he added: “I feel that [la criptomoneda] damages the United States currencyI think we should strengthen ourselves, we should invest in our currency, not in [criptomonedas]”.

Sources: Yahoo Finance, Bitcoin.com, file

Version of DailyBitcoin

Picture of Unsplash

Leave a Comment

Your email address will not be published. Required fields are marked *