Former President Donald Trump discussed plans for a fourth NFT collection, emphasizing the need for U.S. leadership in cryptocurrencies and highlighting the growing support from the cryptocurrency community for his re-election campaign.
Trump Will Continue to Release NFTs
Republican presidential candidate Donald Trump is considering releasing a fourth collection of non-fungible tokens (NFTs). This announcement follows a successful series of previous NFT releases.
In a recent interview, Trump highlighted the positive reception of his previous collections, stating:
“The whole thing sold out: 45,000 of the cards. And I did it three times [and] I will do another one, because people want me to do another one.”
Previous Teasers and Current Commitment
In May, at a gala for NFT mugshot holders at Mar-a-Lago, Trump hinted at the possibility of a fourth collection but remained non-committal, emphasizing the importance of supply and demand.
He noted,
“One did great, two did well, three did well. At some point, maybe that will change.”
However, his recent comments indicate a stronger commitment to moving forward with another collection.
Shift in Cryptocurrency Position
Trump, once a staunch critic of cryptocurrencies, has significantly changed his stance. He now views U.S. leadership in the cryptocurrency space as crucial.
The former president has expressed concerns about other countries, particularly China, dominating the crypto sphere if the U.S. does not take a proactive role.
He argued that the cryptocurrency industry is still in its infancy and should be nurtured in the United States rather than allowing another country to lead in this sector.
Trump also announced his choice for a candidate, Senator JD Vance (R-Ohio), who is pro-Bitcoin, further aligning himself with the cryptocurrency community.
Industry Support and Cryptocurrency Donations
The cryptocurrency industry has shown substantial support for Trump’s re-election campaign. In May, his campaign began accepting cryptocurrency donations. According to a Wall Street Journal report, approximately $3 million of the $331 million raised by Trump’s campaign last quarter came from cryptocurrency contributions.
Notable figures in the cryptocurrency world, such as Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have made significant donations to Trump’s campaign and related super PACs, including America PAC and Pro-crypto Fairshake.
Recent Events and Market Reactions
Trump’s comments followed an assassination attempt during a rally in Butler, Pennsylvania, which had a notable impact on the cryptocurrency market. On July 14, Cointelegraph reported that the Ethereum-based memecoin MAGA saw a rapid price increase from $6.31 to $10.36 immediately following the assassination attempt, boosting its market cap from $293 million to $469 million in less than 45 minutes.
Disclaimer: This article is provided for informational purposes only. It is neither offered nor intended to be used as legal, tax, investment, financial, or other advice.
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