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.

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