Key Points of Trump's Interview: Stock prices are too high, massive inflation is imminent, energy independence is dead, and Bitcoin "looks like a scam."

Former U.S. President Trump, who has been out of the public eye for a long time, recently gave an online interview to a television network. Regarding investments, he shared his views on the current stock market. However, when it comes to Bitcoin, his opinion remains the same as it was two years ago, stating that Bitcoin "looks like a scam."

Current Stock Prices are Too High

Former U.S. President Trump, in an interview with "Fox Business," was asked about stock market investments, to which he responded:

I have invested before, but I think the current stock prices are too high, so I am not investing in the stock market at this time.

Bitcoin Looks Like a Scam

Recently, El Salvador's President Nayib Bukele announced that Bitcoin would be recognized as legal tender. The host also asked Trump for his opinion on Bitcoin, to which Trump replied:

Bitcoin looks like a scam to me. I am surprised, as it was trading far below $6,000 not long ago. I do not like Bitcoin because it competes with the U.S. dollar. As I have always emphasized, I want the U.S. dollar to be the world's currency.

Bitcoin's Value is Based on Thin Air

As early as 2019, Trump expressed his anti-cryptocurrency stance through a series of tweets, particularly targeting Bitcoin and the Facebook cryptocurrency project Libra, which has since been renamed to Diem. He criticized:

I am not a fan of Bitcoin and other cryptocurrencies. These cryptocurrencies are not real money; their value is based on thin air and their prices are extremely volatile. Unregulated crypto assets lead to various illegal activities, including drug trafficking and other illicit activities.

"Energy Independence" is Dead

After taking office in 2017, Trump actively promoted the petrochemical industry, including setting up coal and oil subsidies, relaxing methane regulations, and opening up oil and natural gas extraction to achieve energy independence. Oil production peaked at 13.1 million barrels per day in 2020. However, oil prices have risen by over 40% this year.

Trump pointed out:

Look at the prices, oil prices. Our energy independence that we once had is all gone. When I left office, oil prices were around $1.87, now they are almost doubling to about $3.1 before the deadline. Massive inflation is coming, and it will be very bad.

Although Trump's views on Bitcoin remain consistent with two years ago, the crypto market seems to have reacted, with Bitcoin falling by nearly 8% in the past 24 hours, dropping back to the $33,000 level, and the top ten cryptocurrencies by market value seeing declines of 7-12%.