Nfts
How Donald Trump went from selling NFTs to declaring himself “president of crypto”
Crypto analyst Croissant weighed in on the former president that of Donald Trump growing involvement in the cryptocurrency space and its potential implications for the 2024 election.
What happened: Analyst highlights that Trump’s crypto journey began in December 2022 with the launch of a digital trading card collection with 45,000 NFTs on Polygon, which sold quickly, earning him over $4 million.
Trump’s commitment did not stop there. He has hosted events for NFT holders, including dinners and golf outings at Mar-A-Lago. This spread when his wife, Melania, launched its NFTsfollowed by that of Trump NFT on the theme “mugshot”.
In 2024, Trump’s campaign has begun accept crypto donationscontrasting sharply with the Democratic position on digital currencies.
While Trump promised to keep crypto activities in the United States, senator Cynthia Lummis (R-Wyo.) echoed similar pro-crypto sentiments, aiming to build a pro-crypto army.
Read also: Joe Biden’s campaign could accept cryptocurrency donations – Donald Trump effect?
Why is this important: Donald Trump not only promised to “protect Bitcoin Elizabeth Warren’s BTC/USD”, but also introduced itself as the “crypto president” during a fundraising event raising $12 million. It attracted notable personalities like the Winklevoss twins and leaders of Coinbase.
On June 11, Trump met with executives of major cryptocurrency mining companies, declaring“We want all remaining bitcoin to be made in the United States. This will help us dominate the energy sector!”
With Trump’s crypto wallet holding $14 million in Maga Memecoin ASSET/USD, Ethereum ETH/USD and other coins, its pro-crypto positioning could have a significant impact on the electoral landscape.
And after: The influence of Bitcoin as an institutional asset class should be explored in depth in the next The future of digital assets event on November 19.
Image: Shutterstock
This content was partially produced using AI tools and was reviewed and published by Benzinga editors.