Donald Trump Says Crypto Is ‘Very Dangerous’ Warns of ‘Explosion Like We’ve Never Seen’ Featured Bitcoin News – Bitcoin News

Former U.S. President Donald Trump says that crypto is a very dangerous thing. Commenting on cryptocurrencies, he warned of an explosion someday that will make the big tech explosion look like baby stuff. He also talked about his new social media platform, Truth Social, and his wifes non-fungible token (NFT) venture.

Donald Trump commented on cryptocurrency, his wifes non-fungible token (NFT) endeavor, and his new social media platform, Truth Social, in an interview with Maria Bartiromo over the weekend. Fox Business published the interview Tuesday.

What do you think about crypto? Trump was asked. Bartiromo noted that New York and Miami are really getting cryptocurrency into their financial systems.

The former U.S. president reiterated his anti-crypto stance: Well, I never loved it because I like to have the dollar. I think the currency should be the dollar so I was never a big fan. But its spilling up bigger and bigger, and nobody is doing anything about it.

Emphasizing, Look, I want a currency called the dollar, he warned:

I dont want to have all these others, and that could be an explosion someday the likes of which weve never seen. It will make the big tech explosion look like baby stuff. I think its a very dangerous thing.

Trump has never been a fan of crypto. In August, he predicted that cryptocurrencies are a disaster waiting to happen. In June, he called bitcoin a scam that needs heavy regulation.

Trump was also asked about the former first ladys non-fungible token (NFT) endeavor. Melania Trump announced last week that shes selling an NFT, titled Melanias Vision, on her newly launched NFT platform, which plans to release NFTs regularly. I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative, she said in a statement.

Commenting on his wifes NFT plans, Trump said: Shes going to do great She got a great imagination. And people love our former first lady, I can tell you that. They really do, they love her.

Regarding his social media platform Truth Social, he stressed, Its going to be so big. Trump previously explained that the new platform will be an alternative to Silicon Valley internet companies that he says are biased against him and other conservative voices. He plans to launch Truth Social nationally early next year.

The former U.S. president was further asked how he is going to compete with big tech companies like Twitter and Google. We have no choice, he replied, reiterating that he thinks its going to be very big.

What do you think about Donald Trumps crypto warning, Truth Social, and Melania Trumps NFT venture? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Donald Trump Says Crypto Is 'Very Dangerous' Warns of 'Explosion Like We've Never Seen' Featured Bitcoin News - Bitcoin News