Cryptocurrencies have fallen since the comments from the former US President, as the cryptocurrency markets continue their downward spiral.
Bitcoin’s plunged by eight percent from $35,474 at 7.30pm on Monday to $32,585 at 5.30am this morning (Tuesday).
Ethereum dropped by nine percent from $2,710 to $2,466, while Dogecoin fell by the same percentage margin from $0.355 to $0.322.
Mr Trump had told Fox Business that he sees Bitcoin as a “scam” affecting the value of the US dollar.
He said: “Bitcoin, it just seems like a scam.
“I don’t like it because it’s another currency competing against the dollar.”
The former US President added he wanted the dollar to be the “currency of the world”.
THIS IS A BREAKING STORY. MORE TO FOLLOW…
