Former US President Donald Trump, known for his ambiguous stance on cryptocurrencies in the past, has become an active player in the digital assets market. His support for cryptocurrencies is becoming increasingly evident, significantly impacting the market.
Support for Cryptocurrencies and NFTs
Donald Trump recently announced the release of his fourth collection of NFTs, demonstrating his active participation in the digital assets sector. This collection was created in response to high demand from his followers and investors[1].
Political Support for Cryptocurrencies
Trump has also declared his support for the cryptocurrency market in the US and criticized the Democrats' attempts at regulation. His fundraising campaign actively uses cryptocurrencies, highlighting his commitment to digital assets. Last quarter, his campaign raised $3 million in cryptocurrencies, including Bitcoin and Ether[5].
Impact on the Market
Following the assassination attempt on Trump, Bitcoin's value significantly rose, reaching a two-week high. Investors view this event as increasing Trump's chances of winning the election, boosting confidence in the cryptocurrency market[4][6].
Changes in Relationships with Major Financial Players
Interestingly, even critics of cryptocurrencies like JPMorgan CEO Jamie Dimon have started changing their views. Trump noted that Dimon "suddenly changed his tune" on Bitcoin, indicating growing recognition of cryptocurrency among major financial players[2].
Conclusion
Donald Trump's active support for cryptocurrencies and NFTs, his use of digital assets in his campaign, and his influence on the market underscore the significance of his involvement in this sphere. Regardless of political views, his actions contribute to the popularization and development of the cryptocurrency market in the US and beyond.
