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) $ 56,774.00 0.66%
ethereum
Ethereum (ETH) $ 4,543.22 1.03%
binance-coin
Binance Coin (BNB) $ 622.35 0.71%
tether
Tether (USDT) $ 0.999596 0.14%
solana
Solana (SOL) $ 234.61 2.74%
cardano
Cardano (ADA) $ 1.72 10.95%
xrp
XRP (XRP) $ 0.976065 1.55%
usd-coin
USD Coin (USDC) $ 0.998223 0.22%
polkadot
Polkadot (DOT) $ 35.97 2.04%
dogecoin
Dogecoin (DOGE) $ 0.209566 0.26%
S&P 500  ^GSPC 
$4,577.10  $64.06  (1.42%)
Dow Jones Industrial Average  ^DJI 
$34,639.79  $617.75  (1.82%)
NASDAQ Composite  ^IXIC 
$15,381.32  $127.27  (0.83%)
Russell 2000  ^RUT 
$2,206.33  $58.91  (2.74%)
Crude Oil Jan 22  F*CL.NYM 
$67.24  $0.7400  (1.11%)
   
$0.0000  $0.0000  (0.00%)