Former U.S. President Donald Trump said that Bitcoin looks like a scam as it competes with the US dollar

In a telephone interview with Fox Business’s Stuart Varney on Monday, the former president of the United States, Donald Trump, said that Bitcoin looks like a scam as it competes with the US dollar.

Donald Trump has ramped up his criticism of Bitcoin since leaving the White House

Former US President Donald Trump is not a Bitcoin fan. And now, he is asserting his attitude to BTC even more, declaring that it just seems like a scam.

Speaking with Fox Business’s Stu Varney, the former U.S. President said the dollar’s hegemony status should be permanent:

“Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at 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 the dollar. I want the dollar to the currency of the world. That’s what I’ve always said.”

He stated that the US dollar should be the currency of the world, adding that the US does not have to own all the Bitcoin in the world:

“My opinion is that 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.”

Trump also called for greater regulation of cryptocurrencies:

“I think they should regulate them very very high, but the currency should be the dollar.”

In 2019, Trump – as president – mentioned Bitcoin and cryptocurrency with a negative attitude. Trump said that Bitcoin was highly volatile and its value was based.

Trump said at the time the following:

“I’m not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

Furthermore, at the time, Trump took aim at Facebook and Libra, now known as Diem, the long-delayed stablecoin project that has drawn the ire of regulators and lawmakers in the US.

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