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Hillary Clinton, the former secretary of state, discussed the rise of cryptocurrencies during the Bloomberg New Economy Virtual Forum. Clinton claimed that cryptos could weaken the U.S. dollar as the world’s reserve currency.

According to Clinton, crypto can threaten the global currency markets. However, some people feel her words are just an advertisement for cryptocurrencies by strong supporters. This is the first time Clinton has made a strong critique of cryptocurrencies. Recall that the former U.S. first lady confirmed not having any Bitcoin in September 2018.

Hillary Clinton said:

One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency — because what looks like a very interesting and exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollars as reserve currencies, for destabilizing nations.”

Wikileaks released an email in 2016 revealing that the senior campaign aides of Clinton denied the idea of receiving Bitcoin donations because they consider it to be “libertarian.”

Trump and Clinton Finally Agree on Something

Clinton and Former President Donald Trump both agreed on the destabilizing impact of cryptos in the nation. Trump has made known his contempt for cryptocurrencies for some time now. According to U.Today, during an interview on Fox Business, Trump said Bitcoin was a “scam.”

Trump, who defeated the former Democratic nominee in 2016, criticized Bitcoin even more. According to him, he didn’t want the U.S. dollar to be weakened by any other currency. Trump said:

“I’m a big fan of our currency, and I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way. “

 

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