Former president and leading Republican presidential candidate Donald J. Trump expressed his concerns about the concept of a central bank digital currency (CBDC) during an interview on Fox Business. Trump reiterated his belief that a CBDC is a “very dangerous thing” and also criticized the rise of artificial intelligence, calling it “the most dangerous thing out there.” He mentioned an incident where someone used his image to endorse a product without his permission, emphasizing the need for action to address such issues. This is not the first time Trump has voiced his opposition to CBDCs, as he made similar comments at a rally in New Hampshire last month.
Trump credited former Republican rival Vivek Ramaswamy for informing him about the dangers of CBDCs, despite not previously liking him. He has also gained support from Florida Governor Ron DeSantis after DeSantis suspended his presidential campaign. It’s worth noting that Trump’s views on cryptocurrency have evolved over the years, with him previously calling digital assets “highly volatile” and “not money.” In 2021, he even suggested that cryptocurrencies may be fake. Despite his reservations about CBDCs and cryptocurrencies, Trump has consistently expressed confidence in the United States Dollar as the dominant currency.
Hot Take: Trump Warns Against CBDCs and AI
Donald J. Trump remains steadfast in his opposition to central bank digital currencies (CBDCs), labeling them as a “very dangerous thing.” Alongside this stance, he voiced concerns about artificial intelligence (AI), deeming it potentially more perilous than any other phenomenon. Trump’s criticism extends beyond these topics, as he lamented instances of unauthorized use of his image for product endorsements. The former president’s anti-CBDC stance aligns with his promise to prevent their creation, echoing remarks made at a recent rally in New Hampshire. With support from former rival Vivek Ramaswamy and Florida Governor Ron DeSantis, Trump’s views on cryptocurrencies and CBDCs continue to generate attention and debate.
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