Featured Story
By SRH,
Former president stated he was “not a fan” of cryptocurrencies and called the central bank’s digital currency dangerous, vowing to ban them if elected.
Trump said, “I can live with it,” about bitcoin before the South Carolina primary.
A softening posture may result. The president said he was “not a fan” of cryptocurrencies in 2019.
Former president and Republican frontrunner Donald Trump said bitcoin (BTC) “has developed a life of its very own” and may need enforcement.
Trump spoke to Fox News during a South Carolina town hall on Tuesday before the GOP primary. Former South Carolina speaker Nikki Haley announced she will run even if she loses the Saturday primary.
Trump replied to Fox News host Laura Inghram that bitcoin had “taken a life of its own,” answering her question on U.S. embrace. You may need control. Many accept. I can handle it as more people demand bitcoin.”
His position may soften. In 2019, former President Trump called cryptocurrencies “probably not money.” I always liked one currency,” he said Tuesday. I like dollars.”
Trump has called central bank digital currencies (CBDCs) dangerous and threatened to abolish them if elected.
Mountain House 14-Day Emergency Food Supply | Freeze Dried Survival & Emergency Food | 84 Servings
Don't Miss
“Watershed” Moment: Is Gold Signaling Stocks Now On “Shaky Footing”?
I rarely discuss financial markets these days. Although I pay attention, it’s not in the obsessive manner I did a decade ago. I mainly keep my…
COVID-Crunch? Fed Begins Rationing Coins As Americans Horde Cash
Having closed the US Mint and halted production (blaming COVID-19) after a surge in demand for gold and silver coins, and warned of the danger of using bills (once…
This Can Not Continue, “A Staggering Number”: Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP
On Friday, we relayed the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short – namely…
HSBC Resuscitates 35,000 Job Cut Plan As Banking Troubles Persist
Back in February, HSBC, Europe’s largest bank and troubled lender, announced a plan that would slash upwards of 35,000 jobs. Shortly after, the lender put restructuring plans on hold for…
Soaring Food & Energy Costs Spark Rebound In Producer Prices
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%… Source: Bloomberg…
