Cryptocurrencies may be fake and a potential disaster

After his tenure, things got a little quieter around ex-President Donald Trump. In an interview with Fox Business, he speaks again about Bitcoin. One thing is certain: he will not become a bitcoin.

What is the Twitter-loving ex-President Trump actually doing? After the end of his tenure, things got a little quieter for the former President of the United States. Now Mr Trump was heard from again in an interview on Fox Business, which is part of his favorite channel Fox News. In this conversation, Trump spoke out on the subject of cryptocurrencies – not exactly exuberantly positive. These are namely a “potential disaster”. So a kind of Damocles sword, which is just waiting to spread misery and suffering in the world.

Trump also confessed in one of August 31 published Interview with Fox Business that he is “not a big fan” of cryptocurrencies. However, this is nothing new. Because already in 2019, when he was still president, he was critical of crypto currencies:

I’m not a big fan of Bitcoin and other cryptocurrencies that are not money and whose value is highly volatile and which only build on hot air. Unregulated cryptocurrencies can encourage illegal activity, including drug trafficking and other illegal activities …

– Donald J. Trump (@realDonaldTrump) July 12, 2019

Cryptocurrencies may be fake

In the conversation published on August 31 at Fox Business, Trump made a powerful all-round blow against the crypto market. Not only Bitcoin looks like a scam. Other crypto currencies may also be fake. The Entfant Terrible, however, does not have to make any specifics.

He went on to say to Fox Business:

Who knows what cryptocurrencies are, but they are certainly something people don’t know much about.

And he also leaves unanswered for the time being whether he sees himself as belonging to “these people” who need a little cryptocurrency education.

“Bitcoin looks like a scam …”

Also in an interview published on June 7th on Fox Business, expressed Mr. Trump is skeptical about digital gold. Bitcoin, according to President AD, as well as the euphoria surrounding the largest crypto currency, would undermine the previous supremacy of the US dollar. He also announced to Fox Business:

The world’s currency should be the dollar. And I don’t think we should all have bitcoin. I think they should regulate them very, very high. Bitcoin robs the dollar of the sharpness and importance.

Which currency the ex-president currently prefers, he does not leave unanswered: the US dollar.