Former US president calls crypto a 'disaster waiting to happen'
He seemingly dismissed the crypto market's potential in favor of strengthening the U.S. dollar in a recent interview. In an interview with Fox Business released today, former U.S. President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration's progress, as well as the potential of Bitcoin and the cryptocurrency market.In response to the latter question, the former President stated: “I like the currency of the United States, but I think the others are potentially a disaster waiting to happen.” He continued:“They may be fake. Who....
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Former U.S. President Donald Trump says cryptocurrencies are “potentially a disaster waiting to happen.” In addition, he said that they “may be fake.” His comments followed another when he said bitcoin “seemed like a scam.”
Trump Is Still No Fan of Bitcoin or Crypto
Donald Trump talked about cryptocurrency in an interview with Fox Business Tuesday. Responding to a question about whether he has dabbled in bitcoin or cryptos, Trump promptly said: “I don’t. I like the currency of the United States.” He elaborated:
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In a recent blog post titled Didn't we learn anything?, the former CEO of the now-bankrupt Bitcoin exchange MtGox, Mark Karpeles has said that, "the current situation (of Bitcoin exchanges) is nothing but another disaster waiting to happen." Mark Karpeles, co-founder of The Bitcoin Foundation, also suggested different methods which could prevent another MtGox style collapse. Earlier in April, his fellow co-founder Gavin Andresen had called him and Charlie Shrem "a disgrace to the cryptocurrency industry." Mark's Two Vital Suggestions. Decentralized Bitcoin Exchanges - The former CEO has....
Less than a week since Coinbase’s hack, the crypto exchange is in the crosshairs again. This time, it’s a class-action lawsuit filed by Illinois residents claiming that Coinbase had processed their biometric data without consent. An excerpt from the filing alleges that this breaches Illinois’ Biometric Information Privacy Act (BIPA). As if that wasn’t enough, […]
Jehudi Castro Sierra, Advisor To Iván Duque Márquez, The President of Colombia, Calls Bitcoin The “Most Brilliant Piece Of Software Ever”
Bitcoin is likely gaining steam due to ongoing stimulus talks in the U.S. Reports indicate that President Trump wants politicians to agree on a stimulus deal larger than House Speaker Pelosi has pushed. The details on this latest development were scant. Whatever the case, analysts think this only accents Bitcoin’s value proposition. There is only 21 million Bitcoin that will ever be mined but theoretically, an infinite number of fiat dollars. President Trump Calls For […]