Former US President, Donald Trump declares Bitcoin ‘a scam’

By AdvocateNews on 08/06/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 2,178


Former 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”.

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.

Posted 08/06/2021 8:45:42 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
ESN: IPOB identifies agents Uzodinma allegedly uses to...

SEEDS OF DESTINY JAN 17, 2021: UNDERSTANDING DILIGENCE...

Ekweremadu: Fight corruption, stop hounding our members, PDP...

Borno: Christians furious over EYN Church demolition, members’...

Buhari sued over plans to borrow N895bn from...

Boko Haram Leader, Shekau, kills self amid clash...

I am not responsible for coronavirus outbreak --...

My husband sleeps with church members, pastor’s wife...

Chidinma Ojukwu recounts how she met Super TV...

Ekiti guber: Supreme Court rules in PDP, Eleka’s...

Buhari sacks Dokubo as Amnesty Programme Coordinator

Insecurity: FG approves N13.3b for take-off of community...

 

Latest News Violence, protests rock APC congresses, factions battle in states Senator Anyanwu emerges South East PDP Consensus candidate for Secretary Policemen allegedly used PoS to extort N25,000, assault passengers We've no business with you, don’t drag us into your Anambra election – IPOB warns INEC NAF denies paying N20m to avoid shooting down Buhari’s plane APC Congress: Three factional chairmen emerge in Akwa Ibom Former US President Bill Clinton released from hospital after treatment for infection Man, 25, kills 50-year-old rival he caught in lover’s room Police detain four officers over viral extortion video ‘We begged women to urinate for us to drink to stay alive’ FIRS to spend N2.8bn on uniforms, N550m on meals I’ll chew you raw if you talk against Oyedepo where I am – Pastor Ibiyeomie

 

Most Read Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (187,917 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (187,916 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (187,914 views) Sickle cell support group seeks government intervention (187,912 views) Ebonyi bans embalming of corpses in homes (187,912 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (187,912 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (187,912 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (187,783 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (183,647 views) ASUU strike: Senate intervention ends in deadlock (183,008 views) All you need to know about Peter Obi, PDP VP Candidate (146,754 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (145,113 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (6,942) POLITICS (495) SOCIETY (131) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (49) INTERNATIONAL (178) ENTERTAINMENT (51) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (38)

 

 


There are no video entries posted yet.