Former U.S. President Donald Trump Says He Doesn’t Like Bitcoin Because It Competes With Dollar

Former U.S. President Donald Trump told Fox Business that he doesn’t like Bitcoin because he sees it as a competitor to the dollar.

“Bitcoin just seems like a scam,” said Trump in the interview. “I don’t like it because it’s another currency competing against the dollar. Essentially, it’s a currency competing against the dollar. I want the dollar to be the currency of the world.”

With his comments, Trump showed his understanding of bitcoin for what it is –– a currency that obsoletes all other money, hence his fear that the dollar could lose its world reserve currency status.



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