What does Donald Trump think about Bitcoin?
Umman MammadovJan 13, 2022 · 3 years ago3 answers
As a well-known figure in the world of politics, what are Donald Trump's thoughts on Bitcoin? Does he support it or oppose it? How does he view its potential impact on the global economy?
3 answers
- Jan 13, 2022 · 3 years agoDonald Trump has expressed mixed views on Bitcoin. While he has mentioned that he is not a fan of Bitcoin and other cryptocurrencies, he has also acknowledged the potential of blockchain technology. In a tweet from 2019, he stated that he is not a fan of Bitcoin as it is not money and its value is highly volatile. However, he also mentioned that he believes in the potential of blockchain technology and its ability to revolutionize various industries. So, while he may not be a supporter of Bitcoin, he recognizes the importance of blockchain innovation.
- Jan 13, 2022 · 3 years agoWhen it comes to Bitcoin, Donald Trump has been critical. In a series of tweets in 2018, he expressed concerns about the lack of regulation and the potential for illegal activities associated with cryptocurrencies. He mentioned that Bitcoin and other cryptocurrencies can facilitate illegal transactions and that they are not backed by anything. However, it's important to note that his views may have evolved since then, as the cryptocurrency landscape has changed significantly.
- Jan 13, 2022 · 3 years agoAccording to reports, Donald Trump's former economic advisor, Gary Cohn, mentioned that Trump once joked about Bitcoin, saying that he would never invest in it because he doesn't understand it. This comment suggests that Trump may not have a deep understanding of Bitcoin and its underlying technology. It's worth noting that this comment was made before the cryptocurrency market gained significant mainstream attention and adoption.
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