Summary List Placement
Donald Trump doubled down on his negative stance on bitcoin on Monday and told Fox Business the cryptocurrency “seems like a scam” that takes away the importance of the US dollar.
The former US president told Fox Business’ Stuart Varney: “Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at $6,000 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.”
Trump also said that the currency of the world should be the US dollar and called for regulations on bitcoin.
“I don’t think we should have all of the bitcoins in the world out there. I think they should regulate them very very high, but the currency should be the dollar,” he said.
In 2019, Trump slammed bitcoin and cryptocurrency in a twitter thread.
“I’m not a fan of bitcoin and…