Bitcoin Looks Like a Scam


Former President of the US Donald Trump has mentioned that he’s not a fan of bitcoin due to the menace the flagship cryptocurrency poses in opposition to the U.S. greenback.

Donald Trump. Picture by Bloomberg
  • In a telephone interview on Monday (June 7, 2021), Trump known as bitcoin a rip-off as a result of he didn’t like that the largest cryptocurrency by market capitalization was competing in opposition to the U.S. greenback.
  • In line with the previous U.S. President, the greenback’s hegemony standing ought to be everlasting.

“Bitcoin simply looks as if a rip-off…I don’t prefer it as a result of it’s one other foreign money competing in opposition to the greenback. Basically it’s a foreign money competing in opposition to the greenback.  I need the greenback to be the foreign money of the world, that’s what I’ve all the time mentioned.”

  • In the meantime, Trump’s dislike for bitcoin shouldn’t be new, as the previous U.S. president has all the time believed that BTC and different crypto-assets shouldn’t be considered cash. Again in 2019, Trump said that bitcoin was extremely unstable and its worth was based mostly

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