Breaking TRUMP SAYS "BITCOIN IS A SCAM"

IT consumes energy to exist in massive quantities.

IT competes with the dollar.

What does it add in value to the existing system? It adds new oversight requirements, more beauracracy, and more taxation bills. All of which means the rich get richer and the government makes the rest of us poorer.

Sweet now all the stupid liberals will run out and dump their life savings
Into it

gonna be a long day.....shtf.

he's got that right. basically the largest ponzi in history.

imagine is he comes and says gay is bad how confused his followers will be

Oh Donald Duck diaper-wearing big pharma nwo stooge sit down and shut up.

USD is a scam.

I agree, Dollar is KING

If HE says it, it MUST BE true!

/S

He said it seems like a scam. Keyword is "seems".

Anyhow, his main reason why is he wants the dollar the remain the world reserve currency.

It adds a tool to the quiver box of the bankers. They will use it to pickpocket people, just like the idiots that are in the stock market.

Windows consumes a lot of energy too. Besides, there are much more efficient cryptos available, like Cardano.

Federal Reserve notes are a scam. The heads of the corporate/banking cartel get to decide how many dollars exist, which means it's fundamentally flawed even as a fiat currency. As a global reserve currency, the US dollar responsible for unfathomable amounts of energy waste, and that's not even mentioning the death and destruction it causes.

Also said he would lock her up


And drain the swamp


And support constitution


And not spend trillions



So whatever he says it means the opposite


Fact

old news. he's always said that he doesn't like crypto.

BTW, that is nothing new. President Trump has been asked this before, and he answered it the same way.

It gains or looses 20% anytime some celebrity tweets. Of course it's a scam.

He's 100% correct.

Discussed throughout this thread, specifically here:

Thread: BREAKING - Russia Just Exited The Dollar! (Page 5)

crypto is a way for the dark shits beginning to run short on funds steal your own dollars if you don't work their system right.

Yup ... takes a scam to recognize a scam.

"Meanwhile, many capitals have been keeping a close eye on the growing concern of the US authorities over the prospect of a global spread of crypto currencies. Washington’s major fears are that the “foes of America,” be it states or non-state entities, will be able to create a financial network independent of the US dollar. In this case, the United States would lose the most important instrument of non-military pressure that it uses to influence its opponents...

Given the circumstances, as reported by one of the most authoritative Russian resources in the field of crypto currencies, DeCenter, all BRICS members are either on the point of issuing digital fiat money, “or are looking into such a possibility.” The BRICS countries are thereby following the global trend as the prospect of issuing digital currencies by central banks, the Central bank digital currency (CBDC), has been attracting the attention of governments in an increasing number of countries. On November 26, Vice President of the European Commission Valdis Dombrovskis spoke about plans of the European Union to launch a EU digital currency by the end of 2021...

...“President Xi Jinping refers to blockchain as a breakthrough technology, while major Chinese media outlets are talking at length about the benefits of blockchain and urge the community not to miss the historic opportunity to challenge the global hegemony of the dollar.”

This fall, representatives of the People’s Bank of China said they were “considering the possibility of launching a digital yuan at an early date.” President of the Digital Currency Development Center of the Central Bank of China Mu Changchun has identified the basic criteria for issuing the crypto currency of the PRC. “CryptoYuan will not function only on the basis of blockchain, the issue will proceed in two stages: from the Central Bank to commercial banks and then into further circulation.” The digital yuan will replace the M0 aggregate, while the processing capacity of the payment system will be “up to 300 thousand transactions per second”. As an official currency, the digital yuan will be issued on a centralized basis and regulated by the government. The digital yuan is set to incorporate the best characteristics of crypto currencies, including minimum transaction time, “reliability, invariability and irreversibility”, and fiat money – its sovereignty and liquidity guarantees...

[link to moderndiplomacy.eu (secure)]

A Billionaire Banker type telling you that money not bound by federal reserve is no good for you?

I remember when Trump was wanting negative interest rates.

This is exactly why I don't like it. Find another way.

Yeah I'm all in dollars, the Fed has our back they would never turn against us....

Just shows that nobody cares what trunk thinks anymore. His words can’t move markets. Musk tweets be the market reacts like a trained dog. USD is worse than shitcoin Dogecoin and is being devalued faster than you can spend it.

it is the model T of crypto..

it will always be around at some level. kind of like a gold coin...

there are plenty of other good ones to invest in too..

diversify..

Compared to the millions of ATM machines just sitting there idle wasting electricity connected to the same internet?

How about the energy costs of just cutting down the trees not to mention actually printing the dollars out of thin air that fill those ATM machines which no one even knew back then that those ATM’s were already connected to the internet and blockchain is no different from encrypted medical records to encrypted voter fraud protection

Keep living in the past grandma telling us that ATM machines and that plastic cards are a scam too 4 decades ago