Bitcoin Drops Again After Donald Trump Calls for Federal Regulators to Crack Down on the Cryptocurrency

Bitcoin Drops Again After Donald Trump Calls for Federal Regulators to Crack Down on the Cryptocurrency


Jun 8, 2021

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Former president Donald Trump took shots at Bitcoin on Monday, which corresponded with another drop in price in the popular and controversial cryptocurrency. Bitcoin dropped 8.5 percent due in part to Trump’s sentiments.

“Bitcoin, it just seems like a scam … I don’t like it because it is another currency competing against the dollar,” Trump said while making an appearance on CNBC. 

“Essentially, it is 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 clip can be seen

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