KEYTAKEAWAYS
- Trump considers launching a fourth NFT collection due to popular demand.
- He expresses concern about China's potential dominance in the cryptocurrency industry.
CONTENT
Former U.S. President Donald Trump hints at a new NFT release while expressing concerns about China’s potential leadership in the cryptocurrency sphere. He emphasizes the importance of U.S. dominance in the evolving digital currency landscape.
Former U.S. President Donald Trump has revealed plans for a potential fourth non-fungible token (NFT) collection, citing overwhelming public demand. In a wide-ranging interview with Bloomberg on July 16, Trump also emphasized the critical importance of maintaining U.S. leadership in the cryptocurrency sector.
https://t.co/MlIKklPSJT pic.twitter.com/Mcbf2xozsY
— Donald J. Trump (@realDonaldTrump) August 25, 2023
“I’m going to do another one because the people want me to do another one,” Trump stated, referring to his NFT collections. He boasted about the success of his previous release, saying, “We had one year to sell it out and it sold out in one day.” The most recent collection, titled “MugShot,” was themed around his ongoing criminal indictments.
Trump’s newfound interest in digital assets seems to stem from his experience with cryptocurrency payments. “I would say almost all of it was paid in crypto, in this new currency. And it opened my eyes,” he explained. This revelation has apparently sparked concerns about global leadership in the crypto space.
>> Read more: Trump’s VP Pick J.D. Vance Reveals Significant Bitcoin Holdings in Financial Disclosure
“It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” Trump cautioned. He specifically pointed to China as a potential threat, noting that the nation is “pretty advanced in that sphere.”
The former president also commented on the evolving attitudes of traditional banking executives towards cryptocurrency. He highlighted JP Morgan CEO Jamie Dimon’s shifting stance, stating, “Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit.” This observation comes months after Dimon faced backlash from the crypto industry for his harsh criticism during a Senate Banking Committee hearing in December 2023.
Trump’s remarks on cryptocurrency follow a recent assassination attempt during a rally in Butler, Pennsylvania. Interestingly, the incident coincided with a significant spike in the Ethereum-based MAGA memecoin, which saw its price jump from $6.31 to $10.36 and its market capitalization increase from $293 million to $469 million in less than an hour.
As the cryptocurrency landscape continues to evolve, Trump’s comments underscore the growing importance of digital assets in both political and economic spheres.
>> Read more:
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