Donald Trump calls crypto investments a ‘disaster waiting to happen’.

Investing in cryptocurrencies is “a potentially disaster waiting to happen.” This view was expressed by former U.S. president Donald Trump in an interview with FOX Business.

Trump noted that he was never “a big fan of cryptocurrencies” and did not buy Bitcoin or other digital assets.

“I like the United States dollar,” he told host Stuart Varney.

In Trump’s view, investing money in digital assets harms the dollar.

“We must invest in our currency,” he emphasised.

Cryptocurrencies could turn out to be a scam, the former president added.

“Who knows what they are, but it’s certainly something about which people know little,” Trump said.

In June, he told Varney that the first cryptocurrency “looks like a scam”, and the euphoria around it weighs on the dollar.

Trump first commented on bitcoin in July 2019, saying that the asset’s price is highly volatile and largely unbacked.

Former national security adviser to the former president, John Bolton, wrote in his memoirs that Trump had spoken about his aversion to cryptocurrency as early as May 2018.

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