Former POTUS Donald Trump Says Crypto is Dangerous But Praises Melania’s NFT Project

Former US President Donald Trump isn’t any fan of cryptocurrencies, and he’s making that recognized as soon as once more. The solely foreign money he needs is the US Dollar.

Trump has been a critic of cryptocurrencies for fairly a while now, and this outlook isn’t altering anytime quickly. Even if the previous FLOTUS Melania Trump has warmed as much as the thought of NFT and digital property, her husband nonetheless believes that cryptocurrencies are harmful.

Donald Trump Weighs on Crypto: Still Not a Big Fan

In a current interview with Fox Business, Donald Trump revealed that he by no means appreciated Bitcoin and different cryptocurrencies. Like many different critics and naysayers, Trump didn’t go to lengths to elucidate why he thinks investing in these property might be harmful. He stated,

“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 is spilling up bigger and bigger. Nobody is doing anything about it. I don’t want to have all these other (cryptocurrencies). There could be an explosion someday, the likes of which we’ve never seen. It will make the big tech explosion look like baby stuff. I think it’s a very dangerous thing”

Trump could have stayed away from tapping the quickly evolving business, however his spouse – Melania Trump, however, has hopped on a unique path.

CryptoPotato had earlier reported that the previous US First Lady had earlier introduced the launch of her NFT platform on the Solana blockchain. Melania’s entry into the area has ignited a sequence of discussions and debates, however Trump appreciated his spouse’s NFT endeavors regardless of his very personal skepticism.

The Dollar is a Fulcrum

For Trump, the US Dollar is every little thing, and he has been very vocal about it proper from his tenure because the President of the nation.

In a unique interview, he had beforehand acknowledged that the US ought to be cautious with regard to cryptocurrency, citing China as the explanation. As President, he had earlier stated that he doesn’t contemplate Bitcoin to be cash, pointing to its extremely risky nature. It was then when made the notorious “based on thin air” remark. In the identical assertion, he had careworn that unregulated crypto can allow illegal habits and criminal activity.

Trump had invoked the greenback’s credibility with regards to the worldwide monetary infrastructure and acknowledged that he doesn’t need to produce other currencies rising, hurting, or demeaning the buck in any method.

Featured picture courtesy of Deadline