Trump Embraces Crypto: Announces Fourth NFT Collection to Meet High Demand
Donald Trump announced that he will release another exclusive NFT collection due to popular demand.
Donald Trump, the former US president and current presidential candidate, had a mixed stance on cryptocurrency during his term. In the past few years, he expressed skepticism about cryptocurrencies, calling Bitcoin “based on thin air,” but did not impose strict regulations on the crypto market. While his approach lacked a clear policy, he recognized the potential of digital currencies. In 2024, Trump has become pro-crypto, signaling a shift in his position.
In a latest interview with Bloomberg Businessweek, Donald Trump announced plans to release a fourth NFT collection. Reflecting on his past success, Trump highlighted that his previous collections were “very successful” and sold out in a day, with 45,000 cards each time.
Trump emphasized the high demand and the “unbelievable spirit” among buyers, stating, “I’m going to do another one, because the people want me to do another one.” Trump had previously hinted at this during a gala for his mugshot NFT holders at Mar-a-Lago in May, where he acknowledged the strong performance of his first three NFT releases.
In another report, Bloomberg media reported that Trump is now a highly influential pro-crypto political figure, driven by the upcoming presidential election this year.
Assassination attempt & Crypto
On July 13, 2024, there was an assassination attempt on former President Donald Trump during a campaign rally in Bethel Park, Pennsylvania. The assailant, Thomas Matthew Crooks, fired shots that narrowly missed Trump, grazing his right ear. While Trump’s quick movement likely saved his life, one person standing behind him was killed and two others were injured. The shooter was killed on the scene by the Secret Service.
This violent incident had a significant impact on the Bitcoin & Crypto market.
Bitcoin, for instance, surged to a two-week high. Analysts believe that the assassination attempt heightened uncertainties surrounding the political landscape, prompting investors to turn to Bitcoin & Ethereum as a hedge against market volatility and governmental instability. The event underscored the perception of Bitcoin and other digital assets as safe havens during times of political turmoil.
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