Ex-US President, Donald Trump declares Bitcoin ‘a scam’
Ex-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”.
DO YOU KNOW >>> I’m not comfortable with Nigeria’s economy – Buhari laments
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.
Cybercrime: EFCC arrests Bitcoin vendor, 4 others in Oyo
READ ALSO >>> Again, US President Trump impeached
LISTEN TO >>> Music Mp3: Rema - Soundgasm
READ ALSO >>> Download Music Video: Junior Boy Ft CDQ – Bombay 2.0
For All Nigeria Past Questions Visit www.QUESTION.NG
Kindly share this post on different Social Media below
NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.