Recently, former US President Donald Trump reiterated his support for cryptocurrency in an exclusive interview and hinted at the upcoming launch of the fourth NFT (non-fungible token) series. Trump said he wanted to ensure that the United States remained at the forefront of the cryptocurrency industry because it was a "baby" industry and he did not want other countries (especially China) to dominate the field.
Regarding the fourth NFT series, Trump explained that "people want me to do this, and there is a great demand in the market." His previous NFT series "Mug Shot" was designed around his ongoing criminal charges and was originally planned to be sold over a year, but it turned out to be sold out in just one day.
It is worth noting that 80% of the proceeds were paid in cryptocurrencies. Trump said that this opened his eyes and made him realize the power and potential of cryptocurrencies. He directly and deeply realized that cryptocurrencies are good for the country and the United States must control this field. The cryptocurrency industry is still a "baby" that has just started, and he is worried that if the United States does not pay attention, China will dominate this field.
Trump pointed out that China is already quite advanced in the cryptocurrency industry. If the United States continues to ignore cryptocurrency and does not take positive action, China may become the dominant player in this field, and even if it is not China, it may be other countries. If the United States cannot lead the cryptocurrency industry, it will be a huge loss.
Therefore, Trump's attitude has changed 180 degrees and he has been actively supporting cryptocurrencies. Trump stressed that cryptocurrencies will not disappear, it is amazing, and the United States must control the cryptocurrency field before China. Cryptocurrencies bring opportunities to the United States, but if other countries take the lead in this field, the United States may lose its dominance, and he does not want to be responsible for another country taking over this field.
Trump's views have sparked widespread discussion about the future cryptocurrency policy in the United States. As an important figure in the current political arena, his remarks will undoubtedly have a certain impact on the development of the industry. Some analysts believe that he may propose more specific cryptocurrency plans in subsequent elections to attract the support of young voters.
As China continues to invest and make progress in blockchain and digital currency, the U.S. government has also paid more and more attention to the cryptocurrency field, trying to ensure its dominance in this emerging technology field. Trump's statement has undoubtedly added new impetus to this goal.
It is also worth mentioning that entrepreneur and investor Mark Cuban recently speculated that geopolitical instability and inflationary pressures could drive Bitcoin to become a global reserve asset. The billionaire said that the geopolitical role of the United States is being questioned, and inflationary pressures may increase with the implementation of future tax cuts promised by the former president. This, coupled with Silicon Valley's increased support for former President Trump, may mean that the big tech industry will "get involved in Bitcoin."
Economic distress caused by government corruption and runaway inflation around the world has led more and more people to turn to cryptocurrencies for relief. Now, people in various countries are accepting cryptocurrencies at a rate disproportionate to their population. After all, the growth in the number of crypto remittances reflects its lower transaction costs and near-instant completion time compared to traditional fiat remittance services.
Overall, Trump sees cryptocurrency as an opportunity for the United States. He has called on the U.S. government to take action, and is taking action himself, to ensure that the United States maintains its leadership in this emerging market and prevents China from replacing the United States as the dominant player in the cryptocurrency field. This highlights the growing importance of cryptocurrency to the country's economic and geopolitical influence.
