Former President Donald Trump has revealed plans to release a fourth NFT collection, driven by the overwhelming success of his previous collections and the demand from his supporters. In a recent interview with Bloomberg Businessweek, Trump shared insights into his growing involvement in the crypto industry.
A Successful Track Record in NFTs
Trump’s previous NFT collections were notable for their rapid sales. Each collection, consisting of 45,000 cards, sold out within a day. Reflecting on this success, Trump stated, "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. It’s unbelievable spirit. Beautiful."
Embracing the Crypto Industry
Initially a skeptic, Trump has pivoted towards embracing the crypto industry. He believes that the U.S. must stay ahead in the crypto space to prevent other countries, particularly China, from dominating. "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," Trump said. He emphasized the importance of building a strong foundation for the U.S. crypto industry, describing it as an "infant" that needs nurturing to prevent other nations from taking the lead.
Crypto Donations Boost Campaign
Trump’s presidential campaign has embraced cryptocurrency donations, raising about $3 million in crypto, primarily in Bitcoin and Ether. This shift comes as major figures in the crypto industry, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have made significant contributions to Trump’s reelection campaign and related super PACs.
A New Running Mate
In a strategic move to strengthen his campaign’s crypto appeal, Trump announced pro-Bitcoin Senator J.D. Vance (R-Ohio) as his choice for running mate. This decision aligns with Trump’s increasing support from the crypto community.
Trump’s Growing Ties with the Crypto Community
At recent fundraisers, Trump has mingled with influential members of the crypto industry, whom he described as "top-flight people." This networking has reinforced his belief in the potential of cryptocurrency and its supporters’ role in his campaign.
FAQs
What prompted Donald Trump to release a fourth NFT collection?
Trump is releasing a fourth NFT collection due to the overwhelming success of his previous collections and high demand from his supporters.
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