Trump Says 'Scam' Bitcoin Competing Against US Dollar

Former President Donald Trump on Monday called bitcoin currency “a scam” that threatens the U.S. dollar becoming “the currency of the world.”

“Bitcoin just seems like a scam,” Trump said on Fox Business Channel. “With us, it was $6,000 and much lower. I don’t like it because it’s another currency competing against the dollar. Essentially, it’s a currency competing against a dollar. I want the dollar to be the currency of the world. That’s what I’ve always said.”

Earlier in the interview, Trump referred to bitcoin as “another beauty.”

“The currency of this world should be the dollar, and I don’t think we should have all of the bitcoins of the world out there,” he said. “I think they should regulate them very, very high, but the currency should be the dollar. And when you have things like that out there, you know what happens is, you really lose something — it takes the edge off of the dollar and the importance of the dollar.”

In 2019, then-President Trump blasted bitcoin and cryptocurrency during a tweet thread. The Block reported Trump took aim at Facebook and Libra, now known as Diem, the long-delayed stable-coin project that drew the ire of

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