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<\/p>\nFormer U.S. President Donald Trump has called crypto \u201cdangerous\u201d despite his wife Melania issuing a non-fungible token (NFT) on Solana.\u00a0<\/p>\n
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 \u201cvery dangerous thing.\u201d As noted by the Decrypt report, Trump\u2019s comments about crypto come at a surprising time, just days after his wife Melania launched her first NFT.<\/p>\n
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Here is how Melania Trump\u2019s website defines an NFT:<\/p>\n
\u201cIn 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.<\/em><\/p>\n \u201cA 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.<\/em><\/p>\n \u201cNo two NFTs are alike, thus providing exclusivity, scarcity, and value in the digital realm.\u201d<\/em><\/p>\n To buy an NFT, you need to \u201c(1) Create a Digital Wallet, (2) Add Cryptocurrency to your Digital Wallet (in this case, Solana\u2019s\u00a0SOL<\/em>), and (3) click to buy the NFT.\u201d<\/p>\n Trump was asked about his wife\u2019s NFT by Fox Business host Maria Bartiromo. He responded:<\/p>\n She\u2019s gonna do great. She\u2019s got a great imagination.<\/p>\n The former President was asked to expand upon his views about crypto. Trump explained his preference for the U.S. dollar over digital assets. <\/p>\n He said:<\/p>\n I never loved it because I like to have the dollar. I was never a big fan, but it\u2019s building up bigger and bigger and nobody\u2019s doing anything about it. I want our currency called the dollar.\u00a0<\/p>\n Trump predicted the crypto markets could lead to an explosion that would make big tech look like \u201cbaby stuff.\u201d He concluded that cryptoassets represent a \u201cvery dangerous thing.\u201d<\/p>\nDisclaimer<\/h2>\n