Former President Donald Trump fired a fresh salvo at Bitcoin, urging U.S. regulators to monitor the digital currency. Trump appeared on the Fox Bussiness Network for an interview with Stuart Varney on Monday. During the interview, he claimed that Bitcoin is a “scam against the dollar.”This isn’t the first occasion when Trump has voiced his criticism publicly. The businessman is known for his strong opposition and dislike of the primary cryptocurrency.
Trump also doubled down on his support for the dollar hegemony He believes that Bitcoin is just another currency threatening the status of the dollar.
Shortly after the interview was aired, Bitcoin prices registered a dip of more than one percent. The digital currency fell from $36,472 to $35,973.
Cryptocurrencies are currently reeling under pressure due to heightened scrutiny by authorities. The Biden administration is looking to plug loopholes in crypto-related tax dealings. And a barrage of ransomware attacks has given critics much-needed fodder, shifting the focus of the dialogue on the future of digital currencies.