Donald Trump has once again done a great disservice to his supporters by attacking Bitcoin. He called it a scam and said that he didn’t like it competing against the United States Dollar.
BREAKING: Donald Trump tells @FoxBusiness, “Bitcoin is a scam… I don’t like it. Seems like another currency competing against the dollar.”
— Lydia Moynihan (@LJMoynihan) June 7, 2021
Well, the USD is objectively a scam because the Federal Reserve is consistently devaluing it by punching digits into a computer and manipulating interest rates. At least with Bitcoin, there is a finite amount of the currency that can be mined. This is better than what we have with the USD which is controlled by a corrupt central authority.
I’m much more of a gold and silver person, but I fully support the existence of cryptocurrency competitors to these Jewish currency systems. The more options people have the better.
As a result of Internet censorship and payment processor bans, cryptocurrencies like Bitcoin were the only way blacklisted people could fund their operations. So to attack Bitcoin like this is just absurd. Plus, Bitcoin and other cryptocurrencies serve as a place where people can store some of their wealth as the USD is being inflated to oblivion.
Between this and Trump taking credit for all the weird gene-altering coronavirus shots, his rhetoric is becoming increasingly unhelpful.
