Bitcoin

Former U.S. President Donald Trump told Fox Business that he doesn’t like Bitcoin because he sees it as a competitor to the dollar.

“Bitcoin just seems like a scam,” said Trump in the interview. “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.”

With his comments, Trump showed his understanding of bitcoin for what it is –– a currency that obsoletes all other money, hence his fear that the dollar could lose its world reserve currency status.



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