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Donald Trump says crypto is “very dangerous” – warns of “explosion like we have never seen it before” – – Crypto News

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

Former US President Trump warns of a massive “explosion” and says that crypto is “very dangerous”

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

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

The former US president reiterated his anti-crypto stance: “Well, I never loved it because I like the dollar. I think the currency should be the dollar, so I’ve never been a huge fan. But it keeps spilling out and nobody does anything about it. “

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

I don’t want all of these others, and that might one day be an explosion – like we’ve never seen it before. It’s going to make the big tech explosion look like baby stuff. I think it’s a very dangerous thing.

Trump was never a fan of crypto. In August, he predicted that cryptocurrencies would “a catastrophe waiting for it to happen. ”In June, he called Bitcoin a Fraud that requires strong regulation.

Trump was also asked about the former first lady’s non-fungible token (NFT). Melania Trump announced last week that she is selling an NFT called “Melania’s Vision” on their newly launched NFT platform, which is scheduled to regularly publish NFTs. “I am proud to announce my new NFT project, 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 has a great imagination. And people love our former first lady, I can tell you that. They really do, they love them. “

Regarding his social media platform Truth Social, he emphasized: “It will be so big.” Trump previously stated 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 nationwide early next year.

The former US president was also asked how he plans to compete with big tech companies like Twitter and Google. “We don’t have a choice,” he replied, repeating that he thinks, “it’s going to be very big.”

What do you think of Donald Trump’s Crypto Warning, Truth Social, and Melania Trump’s NFT Firms? Let us know in the comment section below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Source: Crypto News Austria

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