Everyone is allowed to have an opinion, including a former US president. And that opinion is about cryptos and is quite remarkable.
We know Donald Trump as President of the United States, of course. But also as a successful entrepreneur. The man is worth several billion. He is known as an opportunist and takes his chances, as long as there is money to be made. All the more remarkable that he sees crypto as “a very dangerous thing”. Other investors see this differently and look into their crystal ball and predict a value of millions of dollars for one coin.
Opinion on cryptos
Commenting on cryptocurrencies, he warned of “one day an explosion” that will “make the big tech explosion seem small.” He also spoke about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) business. Fox Business published the interview Tuesday.
“What do you think of crypto?” Trump was asked. The interviewer noted that “New York and Miami are really getting cryptocurrency into their financial systems.”
The former US president reiterated his anti-crypto stance: “Well, I never liked it because I like the dollar. I think the currency should be the dollar so I was never a big fan. But it’s getting bigger and bigger, and nobody’s doing anything about it.”
Epic Explosion
The ex-president foresees a major explosion in the digital markets. Trump has never been a fan of crypto. In August, he predicted that cryptocurrencies would be “a disaster”. In June, he called Bitcoin a scam that should be heavily regulated. Maybe he thinks this because he isn’t in it himself? Otherwise he would have said it was fantastic.
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