Former US president Donald Trump said he is considering starting an NFT (fourth non-fungible token) collection. In a long-ranging interview on July 16, he underlined again the significance of American leadership in cryptocurrencies.
“I’m going to do another one since the people want me to do another one” Trump said in a Bloomberg interview. Titled “MugShot” his most recent NFT collection revolved around his continuous criminal charges. “We had one year to sell it off and it sold out in one day” he said.
Crypto Payments and U.S. Leadership
Almost all of the money Trump mentioned for his NFT collection came in Bitcoin. “It opened my eyes” he stated, clarifying his intention to make sure the US leads in the bitcoin market. “That is a baby. Right now, it is a newborn. However, Trump said, stressing worries about China maybe controlling the sector, “I don’t want to be responsible for allowing another country to take over this sphere.”
He noted the shift in attitude of conventional banking leaders, notably Jamie Dimon, CEO of JP Morgan, who has softened his position on cryptocurrencies. “Jamie Dimon was very negative and now all of a sudden he’s changed his tune a little bit,” Trump said This comes only months after Dimon remarked, “If I were the government, I’d close it down,” in a Senate Banking Committee hearing in December 2023, criticizing cryptocurrencies with strong language.
Recent Assassination Attempt and Market Reactions
Trump’s remarks came only days after an attempt at an assassination when he was on stage at a Butler, Pennsylvania, event. Seeing its overall market value leap from $293 million to $469 million in less than 45 minutes, the Ethereum-based MAGA memecoin soared fast from a price of $6.31 to $10.36 shortly after the murder attempt.
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