Donald Trump plans to launch another NFT, making it his fourth. This is coming just after he escapes an assassination attempt.
In a recent interview with Bloomberg, Trump shared his evolving perspective on cryptocurrencies, emphasizing the potential for the United States to lead in this burgeoning industry. Trump, who once called crypto a “fraud” and a “disaster waiting to happen,” has had a change of heart.
This shift is rooted in a pragmatic approach to global competition and his recognition of the potential of cryptocurrencies. “If we don’t take it up, other countries will, especially China,” he warned. “China’s very much into it. Also, it’s not going away. It’s amazing. I went to San Francisco, I met many people—these are people for whom this is really becoming an industry.”
He stressed that dismissing cryptocurrency would allow other nations, particularly China, to gain a significant advantage in the field.
Reflecting on his own ventures, Trump cited his experience with non-fungible tokens (NFTs) as a pivotal moment in recognizing the potential of digital currencies. “I noticed that 80% of the money was paid in crypto. It was incredible,” he shared. Trump’s NFT sales were remarkably successful, with 45,000 cards selling out in a single day. “It opened my eyes,” he admitted, acknowledging the growing importance of cryptocurrencies in the modern economy.
“ We had one year to sell it out and it sold out in one day. The whole thing sold out: 45,000 of the cards. And I did it three times [and] I’m going to do another one, because the people want me to do another one.” – Donald Trump
In a bold move just over two months ago, Trump pledged to commute the sentence of Ross Ulbricht, the founder of Silk Road, a notorious darknet marketplace that facilitated illegal transactions primarily using Bitcoin. Ulbricht, who has already served 11 years, may see freedom if Trump wins the upcoming election.
Trump also vowed to protect and promote the cryptocurrency industry in the United States. “We’re going to stop it. I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas,” he declared.
He emphasized the right of self-custody for crypto holders and assured his supporters that he would keep adversaries like Senator Elizabeth Warren from undermining their investments. “I will never allow the creation of a central bank digital currency,” he added.
The former president’s campaign has increasingly centered around cryptocurrency. On TruthSocial, he reiterated his commitment to making the United States a leader in the field. “There is no second place,” he asserted, criticizing President Joe Biden’s approach. Trump promised to prioritize Bitcoin mining, urging Americans to support his vision of “MADE IN THE USA!!!” Bitcoin production.
Trump has been vocally critical of Central Bank Digital Currencies (CBDCs), positioning Bitcoin mining as a crucial defense against such initiatives. He accused Biden’s policies of benefiting adversarial nations like China and Russia, as well as domestic political opponents. “Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left,” Trump stated.
In a dramatic incident just three days ago, Trump narrowly escaped an assassination attempt at a campaign rally in Pennsylvania. Although he was injured, shortly after announced choosing Senator J.D. Vance of Ohio as his running mate. The cryptocurrency community is now keenly watching to see if Trump will fulfill his ambitious promises should he return to the White House.
Trump’s growing stance on cryptocurrency is a major shift in his political narrative, one that could have profound implications for the future of digital currencies in the United States and beyond.
