Cryptocurrency

Bitcoin Seems Like a Scam- Donald Trump

Bitcoin Seems Like a Scam- Donald Trump

Bitcoin Seems Like a Scam- Donald Trump

  • Former President of the United States of America, Donald Trump launched attacks on Bitcoin on Monday

  • The controversial business called bitcoin a “scam against the dollar”, urging US regulators to monitor the coin

  • Following Trump’s statement, the price of Bitcoin dipped by 1.3% to $35,973

Former US President, Donald Trump is not one to shy away from the spotlight.

The businessman is in the news again after he launched an attack on flagship cryptocurrency Bitcoin.

During a recent interview with the Fox Business Network, Trump criticized cryptocurrency saying Bitcoin is a “scam against the dollar”.

The ex-president said this when asked about his thought on Bitcoin. He also said that the dollar should be the currency of the world.

Musk also called on US regulators to monitor cryptocurrencies, stating that they should be regulated.

Donald Trump

Trump’s comments appeared to have an impact on the market as Bitcoin dropped by 1.3% to $35,973.

Read also: Bitcoin Could Reach $125,000 in 2021 -Fundstrat Advisors

This is not the first time that Donald Trump has revealed his negative opinion about Bitcoin. During his term as President in 2019, he said that he wasn’t a fan of cryptocurrencies.

Trump is part of a group of wealthy Americans including Warren Buffet and Charlie Munger that have negative views on crypto.

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