Former U.S. President Donald Trump has called crypto “dangerous” despite his wife Melania issuing a non-fungible token (NFT) on Solana.
According to a report by Decrypt, during an interview on Fox Business, former President Donald Trump, who has been skeptical of cryptocurrency, called it a “very dangerous thing.” As noted by the Decrypt report, Trump’s comments about crypto come at a surprising time, just days after his wife Melania launched her first NFT.
Here is how Melania Trump’s website defines an NFT:
“In simple terms, an NFT (Non-Fungible Token) is a digital file that contains a one-of-a-kind code and is permanently recorded on a blockchain. Accordingly, an NFT cannot be altered, thus guaranteeing authenticity and provenance.
“A blockchain is a decentralized, digital record that cannot be forged or counterfeited. Each time a transaction occurs, it is recorded on the blockchain ledger, and is transparent to the public.
“No two NFTs are alike, thus providing exclusivity, scarcity, and value in the digital realm.”
To buy an NFT, you need to “(1) Create a Digital Wallet, (2) Add Cryptocurrency to your Digital Wallet (in this case, Solana’s SOL), and (3) click to buy the NFT.”
Trump was asked about his wife’s NFT by Fox Business host Maria Bartiromo. He responded:
She’s gonna do great. She’s got a great imagination.
The former President was asked to expand upon his views about crypto. Trump explained his preference for the U.S. dollar over digital assets.
I never loved it because I like to have the dollar. I was never a big fan, but it’s building up bigger and bigger and nobody’s doing anything about it. I want our currency called the dollar.
Trump predicted the crypto markets could lead to an explosion that would make big tech look like “baby stuff.” He concluded that cryptoassets represent a “very dangerous thing.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Photo by user “Donbrandon” via Pixabay.com
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