Donald Trump Doesn't Like Bitcoin And Just Wants The Dollar To Be The World's Currency

Donald Trump (Coingape)

JAKARTA – The former president of the United States, Donald Trump, said that he did not like crypto money or Bitcoin. He openly revealed that he only wanted the dollar as the world's currency.

Launching Bitcoin News, Trump made this statement in an interview with Fox Business regarding the price of Bitcoin. According to him, while serving as president, the price of Bitcoin was only at the level of 6,000 US dollars or around IDR 85 million. Unlike today, the price of Bitcoin has touched the level of IDR 457 million.

“I don't like it because it's another currency that competes with the dollar, it's basically a currency that competes with the dollar. I want the dollar to be the currency of the world. That's what I always say", Trump told Fox Business.

In addition, Trump also responded to cyber attacks that hit big companies. He mentioned that those who own Bitcoin will lose.

"When you have things like that (Bitcoin cs) out there, you know what's going on, you're really missing something".

He also affirmed his opinion that the dollar is the currency of the world and people don't need to buy a lot of Bitcoins.

“My opinion is that the currency of this world should be dollars, and I don't think we should have all the bitcoins out there. I think they (the government) should regulate it (Bitcoin) very, very strictly", Trump said.

Previously, Trump openly commented that he was not a fan of Bitcoin or other cryptocurrencies. The comments were expressed in a Twitter post in July 2019, long before his account was blocked.

“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on emptiness. Unregulated crypto-assets can facilitate unlawful behavior, including drug trafficking and other illegal activities.”

In addition, Trump also mentioned the cryptocurrency created by Facebook, namely Libra. He considered that Facebook's virtual money must comply with all banking regulations, so it cannot have its own position.

“Facebook's virtual currency, Libra, will have little standing or dependency. If Facebook and other companies want to become banks, they must seek new banking charters and comply with all banking regulations, just like any other bank, both national and international", Trump said.

So far the former US president is still blocked by various social media in his country for allegedly inciting riots. The blocking was carried out by YouTube, Twitter, and Facebook as well as other social media.

“We only have one real currency in the US, and it is stronger than ever, reliable and reliable. It is by far the most dominant currency anywhere in the world, and will always remain so. It's called the United States dollar".