- Cryptocurrencies are “may be fake,” says Trump.
- Unreformed crypto-assets can support illegal behavior, including drug trafficking and any other illicit activity.
Former US President Donald Trump has warned that cryptocurrencies are “possibly a disaster waiting to happen” and that they “may be fake,” says an article published in Bitcoin.com.
“I don’t,” Trump answered in response during an interview to a query about whether he had dabbled in bitcoin or cryptos. “I think we should strengthen; we should be invested in our currency, not in [cryptocurrencies].” He further exclaimed, “They [cryptocurrencies] may be fake; who knows what they are.”
Not a Fan
Trump has long been a critic of bitcoin and other cryptocurrencies. “I don’t like it because it’s another currency competing against the dollar,” he stated. I want the dollar to be the world’s currency.”
“I am not a fan of bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air,” Trump tweeted in 2019, while still president of the United States. “Unregulated crypto-assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
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