• Former president Donald Trump planning to release a fourth NFT collection, according to a Bloomberg interview.
  • Trump has pivoted to embracing the crypto industry, saying “if we don’t do it, China is going to pick it up.”

As a seasoned crypto investor with a keen interest in politics and the crypto industry, I find Donald Trump’s latest move to release a fourth NFT collection quite intriguing. Having closely followed his previous collections, which reportedly sold out within a day, I can only imagine the excitement among his supporters and collectors.


In an extensive interview with Bloomberg Businessweek published on Tuesday, Donald Trump revealed his intentions to unveil a new series of four NFT collections.

During the interview, Trump boasted about the remarkable success of his previous card collections, selling out in a single day with an astounding 45,000 units: “The entire batch was sold out. Incredibly, I had to repeat this feat three times, and I’ll be doing it again due to popular demand. The enthusiasm is truly breathtaking.”

Trump had hinted at the possibility of launching a fourth NFT collection for his mugshot NFT owners during a gala event at Mar-a-Lago in May. However, he remained ambiguous about the decision, stating “I believe in supply and demand. And as you know, one was successful, two were successful, three were successful. At some point, perhaps that shifts.”

As a researcher studying the intersection of politics and cryptocurrencies, I’ve noticed an intriguing development: The crypto community has been increasingly supporting Donald Trump’s reelection campaign. In response, Trump seems to be becoming more open to embracing non-fungible tokens (NFTs) and digital currencies. Last month, his campaign started accepting cryptocurrency donations. A recent report from the Wall Street Journal revealed that around $3 million of the approximately $331 million raised by Trump’s campaign during the last quarter came in the form of crypto contributions, according to data from the Federal Election Commission.

Yesterday, Trump announced pro-Bitcoin senator J.D. Vance (R-Ohio) as his choice for running mate.

Prominent figures in the cryptocurrency sector, such as Jesse Powell, co-founder of Kraken, and the Winklevoss twins, founders of Gemini, have made substantial contributions to President Trump’s reelection fund and associated political action committees (PACs). Notable among these are the recently established America PAC, which supports Trump, and Fairshake, a pro-cryptocurrency PAC.

Trump expressed his amazement to Bloomberg Businessweek over crypto’s persistent presence, sharing that he has met many notable individuals from the industry at his fundraising events.

Trump, a former critic of cryptocurrencies, shared with Bloomberg Businessweek his shift in perspective, explaining, “I’ve had a change of heart due to the risk that if we don’t adopt this technology, China might take the lead and secure a dominant position in the industry.”

Trump remarked about the growing U.S. crypto industry, “We have a strong base to build upon. It’s still in its infancy, but I don’t want other countries to seize control of this domain while we’re figuring things out.”

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2024-07-17 02:47