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21 June 2021

Trump: Bitcoin “Seems Like a Scam,” Threatens the Dollar | Crypto Briefing

Trump: Bitcoin “Seems Like a Scam,” Threatens the Dollar | Crypto Briefing


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The comments reiterate the sentiments Trump shared in a widely-shared2019 tweet, when he said that he was not a fan of cryptocurrencies, remarking that they are “not money” and that their value is “highly volatile and based on thin air.” 

In the Fox Business call, Trump also said that he wants the dollar to be “the currency of the world.” He’ll have to hope the world doesn’t opt to follow El Salvador’s lead: on Saturday, the country’s President announced that he will be submitting a bill to congress to use Bitcoin as legal tender

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