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HomeCryptocurrencyCriticism of Trump's Cryptocurrency Policy by Derron Acemoglu: Small Investors Will Lose...

Criticism of Trump’s Cryptocurrency Policy by Derron Acemoglu: Small Investors Will Lose Money – Bitcoin News – Uzmancoin – Cryptocurrency and Blockchain

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Nobel laureate Turkish economist Darun Asim Oglu has criticized Donald Trump’s behavior towards cryptocurrencies. In his review shared on his X account, Acemoglu claimed that Trump’s crypto policy will lead to new fraud and small investors losing money. Acemoglu used the following statements:

“Trump’s approach to cryptocurrencies will likely lead to new scams and cause small investors to lose money in unsustainable bubbles.” Don’t expect it.”

In a commentary last year, the renowned economist claimed that cryptocurrencies based on “proof-of-work” systems like Bitcoin waste a lot of energy.

Trump virtually embraced cryptocurrencies during his campaign. He said he would make the USA a Bitcoin superpower and said it would allow Bitcoin and cryptocurrencies to grow. The 47th US President even launched his own NFT and cryptocurrency project.

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