Former US President Donald Trump has described cryptocurrency Bitcoin as a “scam” affecting the value of the US dollar.
“Bitcoin, it just seems like a scam,” Mr Trump said in an interview with told Fox Business.
“I don’t like it because it’s another currency competing against the dollar.”
He added that he wanted the dollar to be “the currency of the world”.
The price of Bitcoin has been falling steadily since early May and so far has not recovered.
The falls were widely attributed to China banning banks and payment platforms from providing services related to crypto-currency transactions, as well as electric car maker Tesla announcing that it wound no longer accept the currency.
Trump’s comments come on the back of news El Salvador has decided to make Bitcoin a legal tender.
The announcement has yet to have the expected upward push on the value of the crypto-currency.
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