Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’ – Featured Bitcoin News

Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture.

Former US President Trump Warns of a Massive ‘Explosion,’ Stating that Crypto Is ‘Very Dangerous’

Donald Trump commented on cryptocurrency, his wife’s non-fungible token (NFT) endeavor, and his new social media platform, Truth Social, in an interview with Maria Bartiromo over the weekend. The interview was published Tuesday by Fox Business.

“What do you think about crypto?” Trump was asked. Bartiromo noted that “New York and Miami are really getting cryptocurrency into their financial systems.”

The former U.S. president reiterated his anti-crypto stance: “Well, I never loved it because I like to have the dollar. So I never liked it. I believe the currency should always be the dollar. But it’s spilling up bigger and bigger, and nobody is doing anything about it.”

Emphasizing, “Look, I want a currency called the dollar,” he warned:

I don’t want to have all these others, and that could be an explosion someday — the likes of which we’ve never seen. This will make big tech boom look childish. I think it’s a very dangerous thing.

Trump is not a crypto-fanatic. In August, he predicted that cryptocurrencies are “a disaster waiting to happen.” In June, he called bitcoin a scam that needs heavy regulation.

Trump was also asked about the former first lady’s non-fungible token (NFT) endeavor. Melania Trump announced last week that she’s selling an NFT, titled “Melania’s Vision,” on her newly launched NFT platform, which plans to release NFTs regularly. “I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,” she said in a statement.

Commenting on his wife’s NFT plans, Trump said: “She’s going to do great … She got a great imagination. People love the former first lady. I know that. They really do, they love her.”

Regarding his social media platform Truth Social, he stressed, “It’s going to be so big.” Trump previously explained that the new platform will be an alternative to Silicon Valley internet companies that he says are biased against him and other conservative voices. He intends to launch Truth Social nationwide in the early part of next year.

He was also asked about his plans to be in competition with tech giants like Google and Twitter. “We have no choice,” he replied, reiterating that he thinks “it’s going to be very big.”

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What do you think about Donald Trump’s crypto warning, Truth Social, and Melania Trump’s NFT venture? Please leave your comments below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

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