Former US President, Donald Trump declares Bitcoin a scam

  Former United States President Donald Trump says he considers Bitcoin as a “scam”. “Bitcoin, it just seems like a scam. I don’t like it be...

 

Former United States President Donald Trump says he considers Bitcoin as a “scam”.

“Bitcoin, it just seems like a scam. I don’t like it because it’s another currency competing against the dollar”, he told Fox Business.

The 45th American leader noted that he wanted the dollar to be “the currency of the world”.

Trump’s reaction followed reports that El Salvador plans to make the crypto-currency a legal tender.

Bitcoin has been on a free fall since May, raising concerns among investors in Nigeria and many other countries.

Also last month, China warned financial institutions against offering cryptocurrency services. Federal authorities issued a joint statement.

The National Internet Finance Association of China, the China Banking Association, and the Payment and Clearing Association of China warned that crypto has no real value.

The regulators added that the price can be easily manipulated and advised banks to avoid digital currency transactions of face serious sanctions.

COMMENTS

INNER POST ADS 2

Name

BBNaija,2741,Business,2742,CampusGist,1036,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2453,Entertainment,6216,Fashion,367,Featured,626,Gist,2037,Health,732,Interview,1,Job,3,Lifestyle,874,Music,154,MY STORY,37,News,86408,Opinion,932,Poem,10,Politics,14146,Relationship,210,Sponsored Contents,31,Sports,18172,Style & Travel,47,Success Stories,265,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: Former US President, Donald Trump declares Bitcoin a scam
Former US President, Donald Trump declares Bitcoin a scam
https://dailypost.ng/wp-content/uploads/2019/07/trump-snl-late-night-federal-investigation.jpg.webp
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/06/former-us-president-donald-trump.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/06/former-us-president-donald-trump.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content