Nfts
Trump set to launch fourth NFT collection, citing public interest
Former US President Donald Trump is planning to release a fourth NFT collection after the success of his previous three, which quickly sold out within a day.
In a Tuesday issue of Bloomberg Businessweek interviewTrump said people were asking for a fourth, citing their “incredible spirit.”
Trump warns China could dominate cryptocurrency market
In May, at a gala for holders of his passport photo NFTs at Mar-a-Lago, Trump hinted at a fourth collection but stopped short of committing. He said he believes in supply and demand, given the success of the other collections. He noted, however, that market conditions could change.
Asset spear its first NFTs in December 2022 after the release of “Trump digital trading cards.” These sold out quickly and raised around 648 Ethereum (ETH), worth around $785,000 at the time.
In an interview with Bloomberg Businessweek, Trump also discussed his changing views on cryptocurrencies. He mentioned that he has managed to connect with many influential people in the cryptocurrency industry during his fundraisers, calling them “top-tier people.”
While initially skeptical of cryptocurrencies, Trump has embraced the sector, highlighting his concerns about international competition, particularly from China. He has warned that China will dominate the sector if the United States does not take the lead.
At the same time, he noted a change in attitudes among traditional bank executives towards cryptocurrencies. The former US president noted that Jamie Dimon, CEO of JP Morgan, used to be very negative about cryptocurrencies, but recently softened his position.
This comes just months after Dimon was criticized by the crypto community for his harsh comments against crypto during a Senate Banking Committee hearing in December 2023, where he said, “If I were the government, I would shut it down.”
Major Cryptocurrency Players Rally Behind Trump
Major players in the cryptocurrency industry, such as Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have supported Trump’s campaign. They have donated significant amounts to Trump’s re-election campaign and associated super PACs, including the new Trump-focused America PAC and the pro-crypto Fairshake.
In May, Trump’s campaign began accepting Cryptocurrency donations. A Wall Street Journal report citing new data from the Federal Election Commission (FEC) revealed that about $3 million of the roughly $331 million raised by Trump’s campaign in the last quarter was in cryptocurrencies.
Yesterday, Trump also announcement His running mate is pro-Bitcoin Sen. J.D. Vance (R-Ohio). Vance has been actively involved in pro-crypto legislation, pushing for their widespread use.