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Wednesday

23 June 2021

Former U.S. President Donald Trump Says He Doesn't Like Bitcoin Because It Competes With Dollar

Former U.S. President Donald Trump Says He Doesn't Like Bitcoin Because It Competes With Dollar


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President Donald Trump told Fox Business that he doesn't like bitcoin because it competes with the dollar.

President Donald Trump told Fox Business that he doesn't like Bitcoin because he sees it as a competitor to the dollar.

With his comments, Trump showed his understanding of bitcoin for what it is –– a currency that obsoletes all other money, hence his fear that the dollar could lose its world reserve currency status.

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