Trump Plans to Release Fourth NFT Collection in Response to Strong Public Interest

Former U.S. President Donald Trump is planning to release his fourth NFT collection following the success of his previous three, all of which sold out in a day.

In a recent interview with Bloomberg Businessweek, Trump mentioned that people have been requesting a fourth NFT collection due to their incredible popularity.

Trump Expresses Concerns About China’s Potential Dominance in the Crypto Market

During a gala for his mugshot NFT holders at Mar-a-Lago in May, Trump hinted at the possibility of a fourth collection but did not confirm it. He emphasized the importance of supply and demand and acknowledged that market conditions could change.

Trump initially launched his first NFTs in December 2022, following the release of “Trump digital trading cards” that quickly sold out, raising approximately 648 Ethereum (ETH), equivalent to $785,000 at the time.

In the interview, Trump also discussed his shifting perspective on cryptocurrency, highlighting his interactions with influential figures in the industry at his fundraisers, whom he referred to as “top-flight people.”

Despite his initial skepticism towards crypto, Trump has embraced the industry and expressed concerns about international competition, particularly from China, emphasizing the importance of the U.S. leading in this space.

Additionally, Trump noted a change in attitude among traditional banking executives towards crypto, citing Jamie Dimon, CEO of JP Morgan, who has softened his stance on crypto after previously expressing negative views.

Key Figures in the Crypto Industry Support Trump

Leading figures in the crypto industry, such as Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have backed Trump’s campaign, making significant donations to his reelection efforts and related super PACs like America PAC and Fairshake, which support crypto.

In May, Trump’s campaign began accepting crypto donations, with reports indicating that around $3 million of the total $331 million raised in the last quarter came from crypto contributions.

Recently, Trump announced pro-Bitcoin senator J.D. Vance (R-Ohio) as his vice-presidential candidate, highlighting Vance’s advocacy for pro-crypto legislation and widespread crypto use.

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