Trump Warns Crypto Investors of a ‘Potential Disaster’

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September 1, 2021 19:13 GMT

The former president of the United States said he had no investments in digital assets.

Former US President Donald Trump warned cryptocurrency holders of the “potential disaster” that awaits them and called on them to invest in the national currency.

The Republican businessman gave his opinion on formulations Fox Business that invests in cryptocurrencies, be it Bitcoin, Ether or something else,”Damage to the US currency“.

The former president denied having investments in cryptocurrencies and asserted that a digital asset could be one.”forgery“.

“Who knows what they are? But they sure are Something that people don’t know much about“, Controversy.

“I love the American currency,” he said of his investment preferences.

Trump’s comments came amid expectations of higher US dollar inflation. Federal Reserve Bank of St. Louis President James Bullard announce In May inflation is expected to be above 2%, this year and next.

Last June, Trump already claimed To Fox Business, Bitcoin looked like a scam and said it was “more currency than… compete against the dollarThe former president urged regulators to organize greater monitoring of these types of assets.

Bitcoin is currently trading at $47,670According to CoinMarketCap, after falling from an all-time high of $64,864 recorded last April.

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Myrtle Frost

"Reader. Evil problem solver. Typical analyst. Unapologetic internet ninja."

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