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Donald Trump Calls Crypto ‘Dangerous’

In an interview with Fox Business this week, former US President Donald Trump repeated his condemnation of Bitcoin, calling it  “a very dangerous thing.”

Surprisingly, his remarks came only days after his wife, former First Lady Melania Trump, announced the launch of her first NFT, a cryptographic currency that signifies ownership of digital artwork. Melania’s NFT is on the Solana blockchain and can only be purchased using SOL cryptocurrency at the moment.

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When Fox Business host Maria Bartiromo inquired about his wife’s NFT project, he answered, “She’s going to do terrific.” She has a fantastic imagination.” He was then questioned for his thoughts on bitcoin in general.

“I never loved it because I like to have the dollar,” Trump replied. “I was never a big fan, but it’s building up bigger and bigger and nobody’s doing anything about it. I want our currency called the dollar.”

“I don’t want all of these others, and that could be an explosion someday the likes of which we’ve never seen,” Trump continued, referring to the rise of cryptocurrency. “It’ll make the big tech explosion look like baby stuff. I think it’s a very dangerous thing.”

 

Trump first expressed his thoughts on bitcoin while serving as president in July 2019, tweeting, “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

Former White House Communications Director Anthony Scaramucci stated earlier this year that he felt Trump did not personally post that tweet. Scaramucci speculated that the tweet was likely created for Trump by advisors who thought he should take a position on Bitcoin and cryptocurrency. Following Trump’s ban from the social media platform in January, the tweet is no longer available online.

Trump, on the other hand, has continued his condemnation of Bitcoin in 2021. In June, he told Fox Business anchor Stuart Varney that the most popular cryptocurrency “just seems like a scam.”

Melania Trump issued her first NFT collectable last week: “Melania’s Vision,” a piece of digital artwork that sells for 1 SOL, or around $182 at the time of writing. According to her official release, additional NFT drops are planned, and an unspecified amount would be donated to “help youngsters aging out of the foster care system.”

The former first lady’s NFT was created using Solana, a public, permissionless blockchain platform on which anybody can develop. However, shortly after her statement, a spokesperson for Solana Labs—the platform’s original core team—contacted crypto media to stress that it was not actively involved in Trump’s project.

“I wanted to inform you, to avoid any confusion, that her choice to use the Solana blockchain was completely organic, and this project is not part of any Solana-led initiative,” the representative told Decrypt in a statement.

According to a recent Bloomberg report, MoonPay is a partner in Former First Lady Melania Trump’s new NFT initiative.

MoonPay, which Melania Trump claimed would process future credit card payments for her NFT project, retweeted that it “had no formal role in the venture.”

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