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Donald Trump confirms crypto market move and praises his wife’s project on NFT

Donald Trump confirms crypto market move and praises his wife’s project on NFT

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Answer Donald Trump confirms crypto market move and praises his wife’s project on NFT

When Donald Trump was president of the United States of America, any negative hint or statement he made on Twitter about cryptocurrencies directly hurt prices.

But things have changed, as Trump’s comments and tweets have had little effect on the crypto market, as prices have not been affected recently by Trump’s comments.

Donald Trump still has his opinion on cryptocurrency:

in an interview Speaking with Fox Business, Donald Trump revealed that he has never liked bitcoin and cryptocurrency.

Like many other critics and opponents, Trump did not do his best to explain why he thought investing in these assets could be dangerous. His statement about cryptocurrencies read:

Read:FTX launches a dedicated store for NFT tokens built on the Solana blockchain

I have never loved her.

Because I love getting a dollar.

I think the currency should be the dollar.

Therefore, I have never been a huge fan of cryptocurrency.

But it leaks bigger and bigger.

Nobody does anything about it.

I don’t want to have all this other cryptocurrency.

There may be an explosion one day, the like of which we have never seen before.

The big tech bang will make it look like baby stuff.

I think it’s a very dangerous thing.

Trump may have chosen to stay away from the rapidly developing industry.

But his wife, Melania Trump, on the other hand, has jumped on a different path.

The former first lady of the United States has announced the launch of her own NFT platform on the Solana blockchain.

Melania’s entry into the NFT space sparked a series of discussions.

Trump, for his part, expressed his appreciation for his wife’s efforts toward NFT, despite his own skepticism.

The dollar is the fulcrum:

For Trump, the US dollar is everything, and he has been very vocal about it since his presidency.

Read:New York Fed President: The development of cryptocurrencies raises important questions for central banks

In a previous interview, he stated that the US should be careful with cryptocurrencies, citing China as the reason.

In his presidency, he said he did not consider bitcoin money, citing its highly volatile nature.

Trump has invoked the dollar’s credibility when it comes to the global financial infrastructure and stated that he does not want other currencies to emerge or harm or degrade the dollar in any way.

Read also:

Kraken acquires a staking crypto platform to expand its services

Cryptocurrency LUNA Reaches a New Record… Will it Continue to Grow in 2022?


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