Former US President Donald Trump supported his wife’s initiative to issue NFT, but did not change his opinion that cryptocurrency would destroy the global financial system.
Donald Trump said in an interview that he has never been a fan of cryptocurrencies. He believes digital assets are dangerous to the American and global financial systems. Like most critics of the cryptocurrency industry, Trump did not elaborate on why, in his opinion, investing in these assets can be dangerous.
“I believe that the dollar should be the currency. I have never been a big fan of cryptocurrency, but it is evolving more and more. Nothing can be done about it. Someday the bitcoin market will cause a crisis, and, compared to it, the one we are seeing now will seem like child’s play to us. I think cryptocurrency is a very dangerous thing, ”he said.
Donald Trump is trying to stay away from the cryptocurrency market, which is not the case with his wife Melanie Trump. The former US First Lady recently unveiled an NFT titled “Melania’s Vision” featuring her eyes, causing much controversy and debate. The former US president supported his wife’s initiative, but at the same time remained skeptical about digital assets.
During his presidency, Trump has repeatedly warned that the United States should be careful with cryptocurrencies, especially bitcoin, since the main mining capacity is in China. He stated that bitcoin is not suitable as a means of payment due to its volatility, and “its value is taken straight out of thin air.”
Also, the former US president argued that an unregulated cryptocurrency could contribute to the violation of the law. Trump said he only trusts the dollar in the global financial infrastructure and does not want other currencies to appear that could harm him.
Former US Treasury Secretary Stephen Mnuchin, who was previously skeptical of cryptocurrencies, said in July that he had changed his attitude towards bitcoin. In December, Jacob Chansley, the famous “shaman” who stormed the Capitol on Trump’s side, hosted the Q Shaman NFT “Life of Shamans” collection on the OpenSea platform.
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