Trump calls Bitcoin 'a scam' competing with the dollar

confirmed Importance 6/10 ~1 min read 5 sources 2 actors

Donald Trump calls Bitcoin ‘a scam’ competing with the dollar in 2021, marking his initial skepticism before his dramatic transformation to ‘crypto president’ by 2025. In a Fox Business interview, Trump argued that Bitcoin threatens dollar hegemony and should be heavily regulated.

Sources & Citations

[1] Donald Trump - Bitcoin a 'Scam,' But 'Competes Against the Dollar' · Jun 7, 2021 Tier 2

[2] Trump calls Bitcoin a scam, advocates for dollar hegemony · Jun 7, 2021 Tier 2

[3] Trump: Bitcoin's a scam, US dollar should dominate · Jun 7, 2021 Tier 2

[4] Trump calls Bitcoin 'a scam', denounces it for 'competing against the dollar' · Jun 7, 2021 Tier 2

[5] Trump: Bitcoin 'seems like a scam' and should be regulated 'very very high' · Jun 7, 2021 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Trump calls Bitcoin 'a scam' competing with the dollar.” The Capture Cascade Timeline, June 1, 2021. https://capturecascade.org/event/2021-06-01--trump-bitcoin-scam-statement/