Trump calls Bitcoin a scam, advocates for dollar hegemony

Trump calls Bitcoin a scam, advocates for dollar hegemony


Former United States President Donald Trump has once again slammed Bitcoin (BTC).

Appearing on FOX Business Monday, the former president remarked:

“Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar; 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.”

TRUMP: Bitcoin, it just seems like a scam. I don’t like it. I want the dollar to be the currency of the world. pic.twitter.com/CXjALsJmXx

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Trump’s comments are in line with his previously espoused views on Bitcoin. Indeed, back in July 2019, while in office, Trump stated that he was not a fan of Bitcoin and crypto.

At the time, Trump identified price volatility as a major point for his anti-crypto stance while stating that cryptocurrencies were not money and that their value was based on “thin air.”

As previously reported by Cointelegraph, the

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