Donald Trump is expected to release his fourth NFT collection. In an interview with Bloomberg Businessweek, Trump announced the development and highlighted how his other series were performing. He said: “The whole campaign sold 45,000 cards. I did it three times. I’m going to do another one because people want me to do another one. It’s an incredible spirit. Beautiful.”
An NFT artwork by Donald Trump. Image: Donald Trump
Old jokes and supply and demand
Trump mentioned the prospect at a banquet for his favorite NFT holders at Mar-a-Lago in May. He emphasized the concepts of supply and demand at the time. “I believe in supply and demand. As you know, one person does well, two people do well, three people do well. Maybe at some point, the situation will reverse.”
The cryptocurrency community strongly supports Trump’s presidential campaign. Trump’s campaign began accepting cryptocurrency donations in May. A Wall Street Journal report revealed that Trump’s campaign raised nearly $3 million in cryptocurrency last quarter.
Senator JD Vance, who supports Bitcoin, was named by Trump as his running mate. Big names in the cryptocurrency space, such as Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, campaigned for Trump’s re-election and related super PACs made huge contributions.
Trump expressed his belief in the longevity of cryptocurrencies. He has had numerous meetings with big names in the cryptocurrency space at fundraising events. Trump described these supporters as “top people.”
From doubt to support
Trump has been an outspoken critic of cryptocurrencies. He now cites global competition as a reason to embrace the industry. “If we don’t do it, China will pick it up, China will have it, or someone else will have it, but most likely it will be China. China is very keen on it,” Trump told Bloomberg Business weekly”.
Trump sees potential in the U.S. cryptocurrency industry. “It’s a baby. It’s still a baby,” he said. Trump doesn’t want another country to dominate the cryptocurrency space. He believed America had a good foundation and wanted to promote its growth.
Looking to the future
As Trump prepares for his fourth NFT collection and continues to incorporate cryptocurrencies into his political strategy, his changing relationship with digital assets reflects broader changes in finance and politics. With strong support from influential figures in the cryptocurrency space and a growing number of supporters eager to release NFTs, Trump’s involvement in NFTs and cryptocurrencies will remain a prominent aspect of his future political and business endeavors.
