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Donald Trump, the forty fifth President of the USA, joins Yahoo Finance’s Adam Shapiro to debate the rising reputation of cryptocurrencies.
Video Transcript
– Now, an incredible a lot of our viewers right here on the Yahoo Finance platform are into cryptocurrencies. And the well-known Bitcoin investor Anthony Pompliano was simply on my program speaking about China’s crackdown on crypto. He says that is a giant acquire for the USA. You could have a relationship with the Chinese language President Xi Jinping. What do you assume Xi Jinping is as much as? And is that this crackdown on crypto good for the US?
DONALD TRUMP: Effectively, I believe he needs to do his personal forex, whether or not it is crypto or in any other case. And one of many causes that we have now to be very cautious is we have now a forex proper now, the greenback. And I am a giant fan of the greenback. I am a giant fan of our forex. And I do not need to produce other currencies popping out and hurting or demeaning the greenback in any approach. And China is seeking to do– China is actually not seeking to again the greenback. However proper now, they’re based mostly on the greenback and they might most likely have to remain that approach except we do one thing very silly in our nation.
I imply, the issue that I’ve with a lot has occurred, whether or not you take a look at the border, the horror Present on the border, or the horror Present of the Afghan withdrawal is our nation is shedding credibility. And should you take a look at a financial system based mostly on the greenback, should you begin shedding credibility, impulsively you are going to lose that robust financial system. And we have now to be very cautious about that.
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