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Why Trump believes ‘Bitcoin just seems like a scam’
Bitcoin is down big time today and it might have something to do with the former US President.
Donald Trump says Bitcoin is a scam against the dollar that needs “very very high regulation”.
Bitcoin and other cryptocurrencies remain unregulated within the U.S. financial system.
Bitcoin was down nearly 8 per cent on Tuesday and its been dropping by the hour.
The former President was interviewed on Fox Business and said “Bitcoin just seems like a scam”
“I don’t like it because it’s another currency competing against the dollar. I want the dollar to be the currency of the world. That’s what I’ve always said.”
Trump also added that “It takes the edge off of the dollar and the importance of the dollar.”
Back in July 2018, Trump sent out a tweet out sharing his distrust for digital currencies.