‘I think this is a very dangerous thing’: Trump trashes cryptocurrencies and says he favors a stronger US dollar

“I want a currency called the dollar, I don’t want to have all of these,” Trump is not buying into the hype surrounding cryptocurrencies Trump said.

The comments come after wife Melania Trump announced plans to launch her own NFTs.

Former President Donald Trump is not a fan of cryptocurrencies and expects a possible crash in the future, according to an interview with Fox News on Friday.

“That [crypto] could someday be an explosion that we’ve never seen before. It’s going to make a big tech explosion like baby stuff. I think that’s a very dangerous thing,” I want Strong US Dollar.Trump said.

Bitcoin was trading down about 1% on Wednesday afternoon at $48,770, erasing the morning’s gains, while ether fell nearly 2% to $3,989.

The comments came after wife Melania Trump announced plans to launch her own NFT last week, which would cost 1 solana, or about $180.

“I am proud to announce my new NFT effort, which embodies my passion for the arts, and will support my continued commitment to children through my Be Best initiative. Thanks to this new technology-based platform, Through this medium, we will provide children with computer science skills, including programming and software development, to foster community growth as they grow older,” the former First Lady said in a statement last week.

But based on his interview with Fox News, Donald Trump does not share the same enthusiasm for NFTs or cryptocurrencies.

“I never liked it [crypto] because I like to have dollars. I think currency should be dollars, so I was never a big fan, but it’s getting bigger and bigger and nobody knows anything about it.” I want a currency called the dollar, I don’t want all of these,” Trump said.

The cryptocurrency market fell to nearly $2.3 trillion on Wednesday from a value of more than $2.3 trillion earlier this year.

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