Donald Trump has launched a sneaker line, themed around Bitcoin, after his speech at the Bitcoin 2024 conference in Nashville, Tennessee.
These sneakers, called “Bitcoin Orange,” were high-tops priced at $499, with only 1,000 pairs available. They sold out in just three hours.
Each pair was numbered, and five lucky buyers will get an autographed pair. For those who want a different color, there are 1,000 pairs in black for $299. All sneakers are set to ship between September and November 2024.
Trump encouraged people to buy these sneakers using Bitcoin or other cryptocurrencies. This ties into his broader embrace of the crypto movement this election cycle.
At the conference, Trump made big promises about the future of America’s crypto policy. He talked about creating a “strategic Bitcoin reserve” and stopping the sale of government Bitcoin holdings if he’s re-elected.
According to Bitcoin Magazine’s David Bailey, Trump raised $25 million at the event. The conference included a high-profile fundraising event, with ticket prices reaching up to $844,600.
Trump wants to make the U.S. a “crypto capital of the world” and a “bitcoin superpower.” He has also said that under his leadership, there would be no Central Bank Digital Currency (CBDC), and he emphasized the importance of people having control over their own finances.
Trump also announced the formation of a Presidential Crypto Advisory Council, inviting conference attendees to join.
He stressed that future Bitcoin mining and production should happen in the States, so it can boost domestic jobs and keep the industry thriving on American soil.
In a swipe at the current administration, Trump criticized the regulatory environment for driving Bitcoin jobs and businesses out of the country. He pledged to protect these jobs and make America a hub for crypto innovation.
Credits: CoinDesk
He promised to be a “pro-innovation and pro-Bitcoin president.” Trump even touched on the controversial topic of Ross Ulbricht, founder of Silk Road, reiterating his commitment to commuting Ulbricht’s sentence.
Throughout his speech, Trump connected the future of Bitcoin to economic prosperity, framing it as a key component of a thriving American economy.
