TL;DR
- New NFT Series: Donald Trump plans to launch his fourth NFT collection, driven by strong demand from supporters and the success of his previous NFTs.
- Crypto Embrace: Trump’s stance on cryptocurrencies has shifted from skepticism to strong advocacy, with almost all NFT payments made in crypto.
- US Leadership: Trump emphasizes the importance of the US leading the global cryptocurrency and NFT market to prevent countries like China from dominating the sector.
Former President Donald Trump is planning to launch his fourth NFT collection, following the “very successful” sales of his previous NFTs. In an interview with Bloomberg on Tuesday, Trump highlighted the significant contribution of cryptocurrencies to his NFT sales, stating that almost all of the NFTs were paid in crypto, which “opened my eyes” to the industry’s potential.
Trump expressed his decision to launch another set of NFTs based on the strong demand from his supporters. “I did it three times, and I’m going to do another one because the people want me to do another. It’s an unbelievable spirit. Beautiful,” he said.
This announcement comes a day after Trump chose pro-Bitcoin Senator J.D. Vance (R-Ohio) as his running mate, further emphasizing his alignment with the cryptocurrency community.
U.S. Leadership in Crypto
Trump emphasized the importance of the US taking the lead in the global cryptocurrency and NFT market, particularly to prevent other countries, such as China, from dominating the sector. “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,” he noted.
Trump believes that the US has a “good foundation” for cryptos and does not want to be responsible for allowing another country to take over this sphere.
Shift in Perspective
Trump’s stance on cryptocurrencies has shifted significantly over time. Initially skeptical, he has now become a strong advocate for the industry. He has received substantial donations in cryptocurrencies, amounting to $3 million in the last quarter, and has pledged to retain cryptocurrency firms within the US.
Previous NFT Collections
Trump’s first NFT collection, Trump Digital Trading Cards, was launched in late 2022 and consisted of 45,000 NFTs priced at $99 each. The collection sold out within hours, with many collectors and investors eager to own a unique piece of political history. The second series, Trump Cards, Series 2, consisted of 47,000 NFTs minted on the Polygon blockchain and also sold out quickly.
Donald Trump’s Future Plans
Trump’s fourth NFT collection is expected to be another success, driven by the enthusiasm of his supporters and the growing interest in the cryptocurrency community. The exact details of the new collection, including the number of NFTs and their pricing, have not yet been disclosed.
However, Trump’s previous NFTs have been highly sought after, and this new series is likely to attract significant attention from collectors and investors alike.
Trump’s increasing affinity with the cryptocurrency industry and his commitment to maintaining US leadership in this sector are significant developments in the political and economic landscape. As he continues to engage with the crypto community, his influence is likely to shape the future of the industry.
