Donald Trump Bitcoin A Scam But Competes Against The Dollar Shrinkflation Raises Retail Costs
Bitcoin and other major cryptocurrencies continued to fall Tuesday following critical comments by former President Donald Trump. “Bitcoin, it just seems like a scam,” Trump told Fox Business. “I don’t like it because it’s another currency competing against the dollar… I want the dollar to be the currency of the world. That’s what I’ve always said.” But one analyst said Trump’s comment makes no sense. “In true Trump style, his words are contradictory, claiming that Bitcoin is both a ‘scam’ and yet it competes with the dollar,” Jason Deane, Bitcoin analyst at Quantum Economics, in London, told Newsweek....