I don't want other currencies to come out and violate the dollar -
I don't want other currencies to come out and violate the dollar -
The former US President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto-resolution of the Chinese government. He confirmed his anti-crypto posture: "I don't want other currencies to come out and injure or humiliate the dollar in any way."
Donald Trump comments on crypto and china
Former US President Donald Trump commented in an interview with Yahoo Finance on the growing popularity of cryptocurrencies and the crypto crypt of the Chinese government adam shapiro Monday.
Trump was asked: "You have a relationship with the Chinese President Xi Jinping. What do you think, does Xi Jinping plan? And is this approach to crypto good for the USA?" He replied:
Well, I think he wants to make his own currency, be it crypto or another.
Several people, including the famous "Rich Dad Poor Dad" author Robert Kiyosaki have expressed in a similar way that China is doing against crypto to pave the way for its digital central bank currency (CBDC), the digital yuan. Einige betrachten die Anti-Krypto-Bewegung der chinesischen Regierung als positive Nachricht für die USA, darunter eine Reihe von legislator . "China's decision to limit access is a perfect opportunity for American leadership in the field of cryptocurrency." notes Congressed Patrick Mchenry.
On the increasing popularity of cryptocurrencies, Trump said: “And one of the reasons why we have to be very careful is that we have a currency, the dollar. And I'm a big fan of the dollar. I'm a big fan of our currency.” He emphasized:
I don't want other currencies to come out and injure or humiliate the dollar in any way.
"And China certainly doesn't want to support the dollar. But at the moment they are based on the dollar and you will probably have to stay that way unless we are doing something very stupid in our country," said the former president.
, citing "The horror show on the border" and "The horror show of the Afghan withdrawal", Trump emphasized: "The problem I have ... is that our country loses credibility." He stated: "If you look at a currency system based on the dollar, you suddenly lose credibility, then you lose this strong currency system. And we have to be very careful."
Trump has always been a critic of Bitcoin and cryptocurrencies. While he was still president of the United States, he tweeted: "I am not a fan of Bitcoin and other cryptocurrencies that are not money and whose value is very volatile and is based on thin air. Unregulated crypto-assets can facilitate illegal behavior, including drug trafficking and other illegal activities."
In June he called Bitcoin "seemed to be cheating" and he would not invest in it. The price of Bitcoin was only $ 6,000 at the time. At the time of writing, btc acts about $ 49k based on data from bitcoin.com-markets . In August, Trump Warned that crypto was possibly a disaster, which was waiting for it, too pass ".
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