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.
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