Donald Trump Labels Cryptocurrency ‘Dangerous’ Despite Melania’s NFT Launch
Although the former US President remains opposed to bitcoin, his wife just produced a Solana NFT that can only be purchased with cryptocurrency.
Trump remains suspicious about Bitcoin, cautioning in a new interview that it might be a “very terrible thing.” Melania Trump, his wife, just launched a Solana NFT that can only be bought with bitcoin.
In a recent interview with Fox Business, former US President Donald Trump reiterated his condemnation of Bitcoin, calling it a “very dangerous thing.”
His remarks are peculiar given that his wife, former First Lady Melania Trump, just released her first NFT, a cryptographic currency that signifies ownership of digital artwork. Melania’s NFT is based on the Solana blockchain and can be bought with the SOL cryptocurrency at the moment.
Former President George H.W. Bush was questioned about his wife’s NFT project by Fox Business anchor Maria Bartiromo, to which he said, “She’s going to do well.” She has an extraordinary imagination.” He was then questioned about his overall perspective on cryptocurrencies.
“I’ve never been a fan of it because I want to keep the dollar,” Trump said. “I’ve never been a fan, but it’s growing in size and no one is doing anything about it. I want the dollar to be our currency.”
“I’m not interested in any of these others, and that might result in an explosion the likes of which we’ve never seen,” Trump added, alluding to cryptocurrency’s ascent. “It’ll make the great technological boom appear like child’s play. I believe that is a really hazardous situation.”
Solana Labs Disavows Melania Trump’s NFT Initiative
The virtue of a permissionless, public blockchain network is that anybody may build on it—but with such an open approach, inventors and initiatives risk causing controversy or infamy.
Trump expressed his opinion on cryptocurrency for the first time as president in July 2019, writing, “I am not a fan of Bitcoin and other cryptocurrencies, which are not money and have a highly volatile and arbitrary value.” Cryptocurrencies that are not regulated might enable criminal conduct, such as drug trafficking and other illegal activities.”
Earlier this year, Anthony Scaramucci, the former White House Communications Director, told Decrypt that he felt Trump did not personally compose the tweet. Scaramucci stated that the tweet was almost certainly created for Trump by advisers who felt he should take a position on Bitcoin and cryptocurrencies. The message has now been removed from the site after Trump’s January ban.
Trump, though, has reintroduced his condemnation of Bitcoin in 2021. He also told Fox Business anchor Stuart Varney in June that the top cryptocurrency “simply seems to be a hoax.”
Melania Trump launched her first NFT item last week: a digital artwork titled “Melania’s Vision” that sells for 1 SOL, or around $182 at the time of this writing. Additional NFT drops are planned, and an undisclosed sum will allegedly be given to “help youngsters age out of the foster care system,” according to her official statement.
The former first lady’s NFT was created on Solana, a decentralised public blockchain platform on which anybody may develop. However, shortly after Trump’s announcement, a spokesperson for Solana Labs—the platform’s initial core team—contacted crypto media to emphasise that the company was not directly engaged in Trump’s proposal.
“I wanted to clarify for the avoidance of doubt that her decision to utilise the Solana blockchain was entirely voluntary, and her project is not affiliated with any Solana-led endeavour,” the spokesperson said in a statement.
MoonPay, which Melania Trump said would process future credit card payments for her NFT initiative, likewise disputed the storey, tweeting that it “plays no official part in the campaign.”
“While we welcome everyone to participate in Web 3.0, we want to make clear that we are not affiliated with Melania and that consumers cannot use this payment method to buy her collection,” MoonPay wrote in response to multiple Twitter users.