Former US President Donald Trump has revealed plans to launch a fourth NFT collection in an unexpected move that draws attention to his growing interaction with the digital asset scene.
The development follows a interview with Bloomberg Businessweek in which Trump praised past collection performance and expressed changing views on cryptocurrencies.
The NFT boom for Trump
Trump’s Entry into the World of Non-Fungible Tokens (NFT) has been overwhelmingly positive. Comprised of 45,000 digital cards, each of his three previous collections sold out within a day of release.
“With 45,000 cards sold in total, it’s been great. I’ve done it three times, people want me to do another one. I’m going to do it one more time. It’s an incredible energy, it’s beautiful,” Trump said during the interview.
Accepting the digital wave
While he was originally a staunch opponent of cryptocurrencies, Trump has clearly turned his attention to the digital asset sector. This transformation is not just rhetorical, but his campaign tactics make it clear.
According to a Federal Election Commission (FEC) document reported by the Wall Street Journal, Trump’s campaign began collecting crypto payments in May; in the last quarter, the effort has already attracted about $3 million in donations.
“Cryptocurrencies are not going away,” Trump responded. “They’re fantastic.” During his fundraisers, he said he met with several powerful cryptocurrency industry leaders whom he described as “high-level people.”
This shift in perspective appears to be driven by a strategic goal: ensuring that the United States does not fall behind China, particularly in the burgeoning cryptocurrency sector. “If we fail, China will take it and they will get it – or anybody else, but most likely China. China is definitely interested,” the former commander in chief said.
Trump defends cryptocurrencies
Trump’s change of heart toward cryptocurrencies is a major departure from his past disdain. Under his watch, he called Bitcoin “not money” and a “fraud.”
Yet Trump now believes that maintaining America’s global competitiveness depends on digital assets. His campaign’s acceptance of cryptocurrency donations and the choice of pro-Bitcoin Sen. J.D. Vance (R-Ohio) as his running mate indicate a more comprehensive approach to including and aiding the cryptocurrency market.
Meanwhile, prominent cryptocurrency players such as Gemini co-founders Tyler and Cameron Winklevoss and Kraken co-founder Jesse Powell have shown their support by donating generously. fund Trump’s re-election campaign and associated super PACs. Trump’s interaction with the crypto community at fundraisers further underscores his dedication to the sector.
Strategic connotations
Trump’s deliberate alliance with the cryptocurrency industry marks a major shift in his personal stance as well as broader issues of American policy. He now wants to strengthen America’s place in the global digital economy by helping bitcoin miners and pushing for new policies that would boost the country’s bitcoin infrastructure.
But before all that, he must first take care of the launch of his new NFTs.
Featured image by Donald Trump/Truth Social, chart by TradingView
