Former US President Trump said on Monday that Bitcoin may be a scam. Trump declared: "Bitcoin seems to be a scam now," he added, "I don't like it because it is a currency that competes with the U.S. dollar. I want the U.S. dollar to become the world currency. This is what I have always been Emphasized." What do you think, what impact will Trump's speech have on the price of Bitcoin?
Trump has no power to influence the market of Bitcoin because if he couldn't do anything at the time was in power is it now that he is no longer in power that will influence the market. How much has he invested in Bitcoin if he actually has any in crypto currency. Trump time is up as he has no influence whatsoever in the crypto currency space.
That is so naive if Trump says like that because bitcoin is not a rival for fiat money but they can help each other and help people to survive. Although the U.S. dollar now still at the top of the currency, that can not be forever. Besides that, the world is now changing to the digital era, which can make crypto the option for people to make money and have the investment. I hope Trump can open his mind to think about bitcoin.