We all know about the exceptionally different opinions of former US President Donald Trump. He has a similar opinion about Crypto. As per many reports, it has been said that Donald Trump is not a big fan of crypto. He has been quite vocal about his dislike for digital currency.
As per the latest report by Fox Business, he opined that investing in crypto could be a disaster waiting to happen. He said that he does not invest in bitcoin or other digital currency. He also added that he likes the currency of the United States.
Trump did not budge from his opinion, and he added that cryptocurrency could hurt the US currency. Thus, instead of supporting the digital currency, he has complete faith in the US dollar. He asked people to invest in US dollars rather than in cryptocurrency.
His attack did not just stop at this, and he said that cryptocurrency might be fake. He said that no one knows what they are, and people should not invest in something that they are not aware of. In an earlier incident, Trump called cryptocurrencies a type of scam. He alleged that crypto was taking the edge and importance of dollars.
This statement by Trump came at a time when cryptocurrency still remains unregulated under US legislation. But, recently, the Securities and Exchange chairman Gary Gensler said that he was in favor of cryptocurrency. As per the statement given by Gary, cryptocurrency is an innovative technology, and he was aware of the associated risks.
In the last few years, cryptocurrency has seen mixed responses from people. While big business people like Elon Musk support digital currency, there are people like Trump who have slammed cryptocurrency on many occasions.
Thus, at present, there is a mixed response about digital currency like bitcoin and other cryptocurrencies.