Donald Trump on Bitcoin: “Essentially It’s a Currency Competing Against the Dollar”

On Monday (June 7), former U.S. President Donald Trump called Bitcoin a “currency” during an interview with Stuart Varney on Fox Business show “Varney & Co.“.

Near the end of the interview, this is what Trump had to say about investing in the stock market and in Bitcoin:

I have not invested in the stock market at this moment. I have in the past but I have not at this moment. I think it’s high. Bitcoin — it just seems like a scam. I was surprised. You know, with us, it was six thousand 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 be the currency of the world. That’s what I’ve always said.

He added:

The currency of this world should be the dollar. And I don’t think we should have all of the Bitcoins of the world out there. I think they should regulate them very, very high… It takes the edge off of the dollar and the importance of the dollar.

(Photo : Gallery)

bitcoin
Bitcoin (BTC) $ 58,672.72 0.87%
ethereum
Ethereum (ETH) $ 3,155.54 0.49%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 529.25 0.99%
solana
Solana (SOL) $ 139.39 0.22%
usd-coin
USDC (USDC) $ 0.999948 0.01%
staked-ether
Lido Staked Ether (STETH) $ 3,157.79 0.67%
xrp
XRP (XRP) $ 0.536824 14.59%
the-open-network
Toncoin (TON) $ 7.31 0.23%
dogecoin
Dogecoin (DOGE) $ 0.111507 3.65%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)