Former President of the United States Donald Trump has said that he is not a fan of bitcoin because of the threat the flagship cryptocurrency poses against the U.S. dollar.
Donald Trump. Image by Bloomberg
- In a telephone interview on Monday (June 7, 2021), Trump called bitcoin a scam because he did not like that the biggest cryptocurrency by market capitalization was competing against the U.S. dollar.
- According to the former U.S. President, the dollar’s hegemony status should be permanent.
“Bitcoin just seems like a scam…I don’t like it because it is another currency competing against the dollar. Essentially it’s a currency competing against the dollar. I want the dollar to be the currency of the world, that is what I have always said.”
- Meanwhile, Trump’s dislike for bitcoin is not new, as the former U.S. president has always believed that BTC and other crypto-assets should not be regarded as money. Back in 2019, Trump said that bitcoin was highly volatile and its value was based