Trump: Bitcoin Not a Threat to Dollar, Government Is

IconCryptoNewsTerminal Staff27 Jul, 2024

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Trump: Bitcoin Not a Threat to Dollar, Government Is

Former President Donald Trump spoke at the Bitcoin 2024 conference in Nashville, Tennessee, on Thursday and said that "Bitcoin is not a threat to the dollar. It is the government that is the threat to the dollar." Trump's comments come as Bitcoin has been gaining in popularity and value in recent months. The cryptocurrency has been seen as a hedge against inflation and a way to store value outside of the traditional financial system. However, some have raised concerns about the volatility of Bitcoin and its potential to be used for illegal activities. Trump's comments suggest that he does not share these concerns and that he believes Bitcoin has the potential to be a legitimate form of currency. Trump's comments are likely to further boost the popularity of Bitcoin and other cryptocurrencies. They also suggest that the former president is open to new technologies and ideas, even those that challenge the traditional financial system.

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