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Donald Trump Declares Crypto ‘Very Dangerous.’ Warns of an ‘Explosion like We’ve Never Seen.

Trump, the former U.S. president, said that crypto was “very dangerous.” He also spoke out about Truth Social, his social media platform and his wife’s venture with a non-fungible token, NFT.

Trump, Former President of the United States, warns about a massive ‘Explosion’ and says that Crypto is ‘Very Dangerous.
In an interview with Maria Bartiromo, Donald Trump spoke out on cryptocurrency, his wife’s non-fungible token project (NFT), and his new social media platform Truth Social. The interview was published Tuesday by Fox Business.

Trump was asked, “What do your thoughts on crypto?” Bartiromo stated that “New York City and Miami are really getting crypto into their financial systems.”

Former U.S. president expressed his opposition to crypto: “Well, it never loved me because I like the dollar. The dollar should be the currency so I wasn’t a fan. It’s getting worse and worse and no one is doing anything to stop it.”

He stressed, “Look, i want a currency called dollar,”

I don’t want all of these other things, and that could lead to an explosion the likes we have never seen. It will make the explosion of big tech seem like it’s just for babies. It’s very dangerous, I believe.

Trump is not a crypto-fanatic. He predicted that crypto-currencies would be “a disaster waiting for it to happen” in August. In June, he called Bitcoin a fraud that requires strict regulation.

Trump was also asked about Melania Trump’s NFT (non-fungible token) venture. Melania Trump last week announced that she is selling an NFT titled “Melania’s Vision” on her newly launched NFT platform. She plans to release NFTs frequently. She released a statement saying that she was proud to announce her new NFT venture, which embodies me passion for the arts and will support my ongoing commitments to children through my Be Best initiative.

Trump commented on his wife’s NFT plans and said that “She’s going great…She got a great imagination.” People love our ex-first lady, that’s what I can attest to. They love her.

Trump stated that his new social media platform Truth Social will be a major competitor to Silicon Valley companies. He previously said that it would be an alternative to Silicon Valley firms that are biased against Trump and other conservative voices. Trump plans to launch Truth Social in the United States early next year.

He was also asked how he would compete with tech giants like Google and Twitter. He replied that “we have no choice” and reiterated his belief that “it’s going be very large.”

This story contains tags

Donald Trump, Donald Trump, donald Trump Bitcoin, donald Trump Crypto, donald Trump cryptocurrency, donald Trump trump explosion. Donald Trump trump NFT, Melania Trump, Trump bitcoin, Trump Truth Social, Trump Usd, Trump Warning

What do you think of Donald Trump’s crypto warnings, Truth Social and Melania Trump’s NFT ventures? Comment below.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since then. His interests include Bitcoin security, open source systems, network effects, and the intersection of cryptography and economics.

Image Credits: Shutterstock. Pixabay. Wiki Commons.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused by or alleged to have been caused by the use or reliance of any content, goods, or services in this article.

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Henry Hicks
Henry Hicks
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!


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