The overall cryptocurrency market once again back on the tracks and top assets has experienced massive price surge in recent days. In this ongoing potential bull rally Former President Donald Trump has announced plans to release his fourth NFT collection in a recent interview with local media.
Donald Trump upcoming NFT
During an interview, Trump shared the success of his previous collections, each of which sold out 45,000 digital cards within a single day. Trump also stated,
“The whole thing sold out: 45,000 of the cards. And I did it three times [and] I’m going to do another one, because the people want me to do another one. It’s unbelievable spirit. Beautiful.”
However, Trump initially hinted at a fourth NFT collection during a gala for his mugshot NFT holders at Mar-a-Lago in May. At the time, he expressed a more cautious approach, saying, “I believe in supply and demand. And as you know, one did great, two did great, three did great. At some point maybe that turns around.”
The former president’s growing comfort with NFTs and the broader crypto industry coincides with increasing support from the crypto community for his reelection campaign. In May, Trump’s campaign began accepting cryptocurrency donations, marking a significant shift in his approach to digital assets. According to a Wall Street Journal report citing data from the Federal Election Commission (FEC), Trump’s campaign raised approximately $3 million in crypto last quarter out of a total $331 million.
Further solidifying his ties with the crypto sector, Trump recently announced that pro-Bitcoin senator J.D. Vance (R-Ohio) would be his running mate. This decision reflects the ongoing rally of the crypto industry behind Trump’s campaign. Notable figures in the crypto world, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have donated significant sums to Trump’s reelection efforts and related super PACs. Among these super PACs are the newly formed America PAC and the pro-crypto Fairshake.
Here’s What Trump says during interview
In his interview with local media, Trump remarked on the enduring nature of cryptocurrency: “It’s not going away. It’s amazing.” He acknowledged that he has met numerous influential individuals from the crypto industry at his fundraisers, describing them as “top-flight people.”
Trump, once a vocal critic of cryptocurrency, has notably shifted his stance. He explained his new perspective, saying, “If we don’t do it, China is going to pick it up and China’s going to have it – or somebody else, but most likely China. China’s very much into it.”
He highlighted the importance of the United States maintaining its competitive edge in the crypto industry: “We have a good foundation. It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere.”