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

Donald Trump Says Crypto Is "Very Dangerous" — Warns of "Explosion Like We"ve Never Seen"

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. Fox Business published the interview Tuesday.

“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. I think the currency should be the dollar so I was never a big fan. 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. It will make the big tech explosion look like baby stuff. I think it’s a very dangerous thing.

Trump has never been a fan of crypto. 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. And people love our former first lady, I can tell you 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 plans to launch Truth Social nationally early next year.

The former U.S. president was further asked how he is going to compete with big tech companies like Twitter and Google. “We have no choice,” he replied, reiterating that he thinks “it’s going to be very big.” Tags in this story Donald Trump, donald trump bitcoin, donald trump crypto, donald trump cryptocurrency, donald trump explosion, donald trump nft, melania trump, trump bitcoin, trump explosion, trump nft, trump social media, trump truth social, trump usd, trump warning

What do you think about Donald Trump’s crypto warning, Truth Social, and Melania Trump’s NFT venture? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Mandates Ban Unvaccinated From Visiting Banks in Multiple Countries, Australian Premier Says ‘There’s Going to Be a Vaccinated Economy’ FEATURED | 3 hours ago Bitcoin Giveaway: Actress Gwyneth Paltrow Gives Away $500K in BTC for the Holidays FEATURED | 17 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleVisa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants Next article100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUSDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin ... read more.Illegal Crypto Miners Threatened With Jail Time in Russia Snoop Dogg, Deadmau5 and NFTs — The Sandbox Alpha Game Review Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735% Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign