Former US President Trump called the crypto market very dangerous

He added that the digital assets are a disaster waiting to happen

22.12.2021 - 12:40

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1 min

What’s new? Donald Trump has spoken out about cryptocurrency, his wife's project to create an NFT, and his new social media platform Truth Social. In August this year, during his tenure as president, he called cryptocurrencies a disaster waiting to happen. In June, he called bitcoin a scam, as reported by Bitcoin.com.

Information on the Bitcoin.com website

“I think the currency should be the dollar so I was never a big fan of cryptocurrencies. But it is spilling up bigger and bigger, and nobody is doing anything about it. I do not want to have all these other currencies, and that could be an explosion someday, the likes of which we have never seen. It will make the big tech explosion look like baby stuff. I think it is a very dangerous thing.”

What else did Trump say? He was asked about the former first lady's NFT endeavor. Last week, Melania Trump announced that she is selling an NFT called “Melania's Vision.” Commenting on his wife's plans for NFT, Trump said:

“She is 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.”

As for his social media platform Truth Social, he stressed its scale. Trump has previously explained that the new platform will be an alternative to Silicon Valley internet companies, which he says are biased against him and other conservatives. He plans to launch Truth Social nationally early next year.

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