Former US president Donald Trump says bitcoin ‘just seems like a scam’

Jun 7, 2021 | The Block News | 0 comments


Former U.S. President Donald Trump reiterated his negative stance on bitcoin during a Monday morning interview, declaring that “it just seems like a scam.”

Speaking with Fox Business’s Stu Varney, Trump said:

“Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at 6,000 and, much lower. I don’t like it because it’s another currency competing against the dollar, essentially it’s a currency competing against the dollar. I want the dollar to the currency of the world. That’s what I’ve always said.”

In 2019, Trump — as president — blasted bitcoin and cryptocurrency during a tweet thread. As reported at the time, Trump took aim at Facebook and Libra, now known as Diem, the long-delayed stablecoin project that drew the ire of regulators and lawmakers in the U.S.

“I’m not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump said at the time. It’s unclear whether Trump’s thinking on the matter has evolved, given that he referred to bitcoin as a “currency” during the Monday interview.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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