Former U.S President Trump calls crypto market “very dangerous”

Former U.S President Trump calls crypto market “very dangerous”

Former United States President Donald Trump is no big fan of cryptocurrencies, something he made clear during his presidential tenure as well. Now he has come out to issue another warning for the people claiming that the crypto market is “very dangerous.” His comments came during an interview where he said,

“Well, I never loved it because I like to have the dollar. I think the currency should be the dollar so I was never a big fan. But it’s spilling up bigger and bigger, and nobody is doing anything about it. I don’t want to have all these others, and that could be an explosion someday — the likes of which we’ve never seen. It will make the big tech explosion look like baby stuff. I think it’s a very dangerous thing.”

Unlike many others, Trump didn’t give a particular analysis for why he thinks it’s dangerous, he just said that the crypto market is expanding at a great pace and no one seems to be doing anything about it. In August this year during his tenure as a President, he called crypto a disaster waiting to happen, and back in June, he has called Bitcoin a scam.

Trump says Melania Trump’s NFT would do great

When enquired about the recent NFT launch from former first lady Melania Trump, the former President said that he expects the NFT to do well given Melania has a great vision. He explained,

“She’s going to do great … She got a great imagination. And people love our former first lady, I can tell you that. They really do, they love her.”

The crypto market is eyeing recovery after nearly three weeks of price downtrend where the majority of the crypto tokens lost 20%-30% of their market cap. Bitcoin is currently trading above $49,000 while Ether has also reclaimed the $4,000 support zone.

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