Former Trump Plaza manager Jack O’Donnell, President Donald Trump’s with cryptocurrencies He expressed concern about its relationship with the U.S., saying it was a potential threat to national security.
Speaking with CNN’s Erin Burnett and author of Trumped The Inside Story of the Real Donald Trump, O’Donnell warned that Trump’s crypto initiatives could harm investors and be misused by foreign entities to gain influence.
The new President had recently launched the TRUMP memecoin.
O’Donnell compared Trump’s cryptocurrency push to the junk bond sale that put many small investors in financial trouble in the 1990s. “Crypto memecoins are incredibly volatile,” O’Donnell said. “It will hurt a lot of the MAGA people because they will buy into his product like they did before and suffer the consequences of that volatility.”
The former executive noted that while cryptocurrencies are a growing market, they are among the most unpredictable commodities, leaving inexperienced investors at risk of significant losses.
O’Donnell expressed deeper concerns about how Trump’s cryptocurrency initiative could pose a vulnerability to national security. He warned that financial flows generated by the crypto project could be used by foreign governments and wealthy individuals as a tool to gain influence.
“It’s an excellent tool,” O’Donnell said. “A country could go and buy $10 million worth of Trump’s cryptocurrency and benefit directly from that. “It is extremely dangerous for national security that Trump can be influenced so easily.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/trumpin-eski-sag-kollarindan-biri-olan-isim-trump-memecoini-hakkinda-agir-konustu/
