Former president, Donald J. Trump, announced his plans to release a fourth NFT collection for sale in an interview with Bloomberg on July 16. Trump pointed out that the people wanted him to do this owing to the success of his previous NFT collections, which sold out in a day.
Also Read: Trump’s running mate JD Vance slams Gensler’s crypto approach in resurfaced clip
According to Trump, NFTs were very successful, and the U.S. had an excellent foundation to lead the global crypto market. He asserted that while the crypto and NFT industries were still in their infancy, their appeal would last a while.
Donald Trump switches from crypto critic to a crypto and NFT aficionado
According to the interview, the former president had once called the crypto industry a ‘fraud’ and a ‘disaster waiting to happen.’
However, the former president disclosed that many crypto enthusiasts he had encountered, including some ‘top-flight people’ at his recent June 6 fundraiser in San Fransisco, had incredible things to say about the crypto industry. He referred to people like Jamie Dimon, who had been pessimistic about crypto but had changed their ‘tune.’
The former president also thought it was amazing that over 80% of NFT fans paid for his previous collections using crypto.
In the interview, the former president asserted that he would not allow other countries like China to take over the global crypto industry. He mentioned that the Chinese were advanced in crypto and would readily take the lead if he (or America) decided to throw it aside.
“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.”
–Donald Trump
Trump affirmed that taking charge as a crypto industry leader would benefit the United States. According to the Wall Street Journal, data from the Federal Election Commission (FEC) revealed that $3 million out of the $331 million raised for Trump’s campaign during the second quarter was in cryptocurrencies.
Trump picks a crypto-friendly candidate as running mate
JD Vance, Trump’s pick for vice president, owns $100k-$250k of #Bitcoin (disclosed in 2022). He has also pushed for crypto-friendly regulation. In addition, he owns an ENS domain (jdvance.eth) where he holds $ETH, $ENS, and more. He also owns a ton of NFTs. 🤔👀 pic.twitter.com/DphVU8atm0
— Neil Shahani (@neil_shahani) July 16, 2024
Fox Business called Trump and JD Vance the crypto candidates.
According to Nic Carter, the choice of a pro-crypto running mate signaled a Trump 2.0 version that was pro-Silicon Valley, pro-tech, and pro-American dynamism. Crypto investor, Neil Shahani, revealed that Ohio Senator, JD Vance, had invested in $ETH, $ENS, and lots of NFTs.
Bitcoin investor, Lark Davis, pointed out that Vance was not only pro-crypto but had also invested over $250K in Bitcoin back in 2022. Furthermore, Davis mentioned that Vance had openly criticized Gensler and the U.S. SEC for the ‘unfair’ treatment of the crypto industry.
“JD Vance recently disclosed he holds up to $250,000 worth of Bitcoin. This duo would be very bullish for the crypto community.”
–Future Trends
Author Keith Boykin disclosed that the former president’s presumptive running mate had not always been on good terms with Trump. Vance had once called the former president ‘America’s Hitler’ among other insults, according to Boykin.
