EOS (EOSUSD)

[BestChange]

Trump continues to view bitcoin as a threat to the American and global economy

Former US President Donald Trump is still confident that bitcoin has the potential to destroy the global economy. At the same time, the billionaire supported the initiative of his wife Melania to launch a cryptocurrency project. She previously launched a Solana-based NFT marketplace, as well as her own collection of non-fungible tokens. In a recent interview, Trump noted that he has never been a fan of digital assets. In his opinion, cryptocurrencies can harm both the American and international financial systems. At the same time, the businessman refrained from detailed explanations why he considers investments in these assets dangerous. “I think the currency should be the dollar, so I was never a big fan but it's building up bigger and bigger and nobody's doing anything about it. I want a currency called the dollar, I don't want to have all of these others, ”he said.

During his presidency, Trump stated several times that the United States needs to be careful with digital currencies, especially BTC, since the main mining facilities are located in China. The ex-politician argued that bitcoin should not be used as a payment instrument because of the volatility of this asset, and "its value is taken straight out of thin air." Meanwhile, the CEO of Microstrategy Michael Sailor does not believe that the first crypto-coin can compete with the US dollar. In his opinion, bitcoin is a global reserve asset, and the US dollar is the world currency. The entrepreneur predicted that in the future, BTC will be the best option for protecting against inflation. “There will be volatility, but it seems to me that there is now a general recognition that the world needs an inflationary hedge. If you have bitcoin, don't sell it,” advised the CEO of Microstrategy.

According to Sailor, he has over 17,000 bitcoins in his account. Their total value is approximately $860 million. The CEO of Microstrategy, according to his own words, has never sold his personal savings in the form of BTC. Do you think Michael Saylor's strategy is correct?