Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it.
Trump made the statement during an interview on CNBC’s Squawk Box on March 11. His comments come amid a backdrop of growing interest in crypto as Bitcoin has once again entered price discovery mode after setting a new all-time high.
Despite his recent recognition of crypto’s growth, Trump strongly advocated for the continued dominance of the US dollar as the cornerstone of the global economy.
Form of currency
The former president conceded that cryptocurrencies have carved out a significant niche, evolving from speculative ventures into bona fide payment methods.
Trump recounted a personal experience where people used crypto to pay for limited edition sneakers launched as part of his branding campaign. He added:
“It was wild… I call them crazy new currencies, whether it’s Bitcoin or other
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