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Donald Trump Called Bitcoin A Scam, Gave This Big Statement


Former US President Donald Trump Has Called The Cryptocurrency Bitcoin A “Scam”. In An Interview With Fox Business Network On Monday, Trump Said, “Bitcoin Just Sounds Like A Scam. I Don’t Like It, Because It’s Another Currency Against The Dollar. I Want The World To Have A Dollar Currency.” That’s What I’ve Always Said.”

Donald Trump Called Bitcoin A Scam

According To Bloomberg, The Largest Digital Currency Fell Nearly Six Per Cent On Asian Trade-In Hong Kong On Tuesday (Around 8.30 Am IST) was at $32,770.

The Price Of Bitcoin Has Been On A Downward Trend Since The Beginning Of May And Is Yet To Recover. The Digital Token Climbed To $60,000 In The Early Months Of The Year.


The Current Drop In The Bitcoin Rate Is Attributed To A U-Turn By Electric Car Maker Tesla, Which Previously Allowed The Currency As A Form Of Payment, But Later Reversed. The Company Has Gone Back On Its Promise, Saying It Will No Longer Accept Bitcoin.

However, Trump’s Remarks Deflecting Bitcoin Comes In The Backdrop Of El Salvador President Nayib Bukele’s Decision To Make The Country The First Country In The World To Formally Adopt The Digital Currency As A Legal Currency, Which The International Monetary Fund Said. (IMF) Concerns.

Refuting Trump’s Statement, Neil Wilson, Chief Market Analyst At Markets.Com, Said That Bitcoin Is Certainly Not A Currency And Not A Threat To The Dollar, Reports The BBC.


Donald Trump Said That Bitcoin Is Like An Investment, A Stock Or A Bond. The BBC Quoted Him As Saying, “The Medium Through Which The US Influences The World Is Primarily The Dollar, And It Is Not Going To Give Up, So I Don’t See Bitcoin As A Threat.”

Ashish Kumar Mishra
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

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