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Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’ – Featured Bitcoin News

Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that can “make the big tech explosion look like baby stuff.” He additionally talked about his new social media platform, Truth Social, and his spouse’s non-fungible token (NFT) enterprise.

Former US President Trump Warns of a Massive ‘Explosion,’ Stating that Crypto Is ‘Very Dangerous’

Donald Trump commented on cryptocurrency, his spouse’s non-fungible token (NFT) endeavor, and his new social media platform, Truth Social, in an interview with Maria Bartiromo over the weekend. Fox Business revealed the interview Tuesday.

“What do you think about crypto?” Trump was requested. Bartiromo famous that “New York and Miami are really getting cryptocurrency into their financial systems.”

The former U.S. president reiterated his anti-crypto stance: “Well, I never loved it because I like to have the dollar. I think the currency should be the dollar so I was never a big fan. But it’s spilling up bigger and bigger, and nobody is doing anything about it.”

Emphasizing, “Look, I want a currency called the dollar,” he warned:

I don’t need to have all these others, and that could possibly be an explosion sometime — the likes of which we’ve by no means seen. It will make the massive tech explosion appear like child stuff. I feel it’s a really harmful factor.

Trump has by no means been a fan of crypto. In August, he predicted that cryptocurrencies are “a disaster waiting to happen.” In June, he known as bitcoin a rip-off that wants heavy regulation.

Trump was additionally requested in regards to the former first woman’s non-fungible token (NFT) endeavor. Melania Trump introduced final week that she’s promoting an NFT, titled “Melania’s Vision,” on her newly launched NFT platform, which plans to launch NFTs frequently. “I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,” she mentioned in an announcement.

Commenting on his spouse’s NFT plans, Trump mentioned: “She’s going to do great … She got a great imagination. And people love our former first lady, I can tell you that. They really do, they love her.”

Regarding his social media platform Truth Social, he burdened, “It’s going to be so big.” Trump beforehand defined that the brand new platform can be an alternative choice to Silicon Valley web corporations that he says are biased in opposition to him and different conservative voices. He plans to launch Truth Social nationally early subsequent yr.

The former U.S. president was additional requested how he’s going to compete with massive tech corporations like Twitter and Google. “We have no choice,” he replied, reiterating that he thinks “it’s going to be very big.”

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What do you concentrate on Donald Trump’s crypto warning, Truth Social, and Melania Trump’s NFT enterprise? Let us know within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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