“I am not a ‘big fan’ of cryptocurrencies”, Donald Trump

Syed AhadWeb Editor

01st Sep, 2021. 12:55 am
Donald Trump

Ex-President Donald Trump expressed his dislike for cryptocurrencies in an interview on Tuesday. Trump stated in an interview that “I have not been a big fan of cryptos,”

Whereas the interview focused mostly on Trump’s response to America’s Afghanistan departure, he didn’t slip a chance to share his opinions on the vastly unstable digital asset.

The worth of BTC fell in June after Donald Trump called it a “scam.”

His comments arise just days later hedge fund star John Paulson criticized Bitcoin and other cryptocurrencies as basically “worthless.”

The former president’s son and an executive vice president in the family company, Eric Trump, In meantime highlighted his father’s derision for digital currency.

Eric Trump stated, “Typically we have gravitated to tangible assets — something one can see and touch, that has replacement cost, that’s unique, iconic.”

The price of Bitcoin has jumped in recent weeks, even after being criticized.

The previous month the price of Bitcoin fell below $30,000 but has been increasingly rising to $47,000 later that point. In the last year alone, the disreputably unstable Bitcoin dropped from around $10,000 in October to more than $60,000 at one point in April.

Crypto prices can simply be prejudiced by remarks and tweets from the likes of Tesla CEO Elon Musk — who at several points recognized bitcoin as payment for Teslas.

Billionaire investor Mark Cuban also has a past of affecting the price of cryptocurrencies with his tweets — Dogecoin rushed after he publicized he would agree to take it as payment for several products he sells as part of his Dallas Mavericks franchise.

Adsence 300X250