Former U.S. President Donald Trump is set to release his fourth NFT collection following the success of his previous three collections, which sold out quickly. In an interview with Bloomberg Businessweek, Trump mentioned that people have been asking for a fourth collection, praising the “unbelievable spirit” of his NFT holders. The former president first entered the NFT market in December 2022 with the release of his “Trump digital trading cards,” which raised about 648 Ethereum (ETH), valued at approximately $785,000 at the time.
During the interview, Trump also discussed his evolving views on cryptocurrency, stating that he has connected with influential figures from the crypto industry at his fundraisers. While initially hesitant about crypto, Trump has now embraced the industry but expressed concerns about international competition, particularly from China. He warned that if the U.S. did not take the lead, China could dominate the cryptocurrency market. Trump noted a shift in attitude among traditional banking executives, mentioning Jamie Dimon, CEO of JP Morgan, who has softened his stance on crypto despite his previous negative comments.
Notable figures in the crypto industry, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have shown support for Trump’s campaign. These players have donated significant amounts to Trump’s reelection campaign and related super PACs, such as the America PAC and Fairshake, which focus on promoting crypto-friendly policies. In May, Trump’s campaign began accepting crypto donations, with reports indicating that approximately $3 million of the $331 million raised last quarter came from crypto donations.
In a recent announcement, Trump revealed pro-Bitcoin senator J.D. Vance (R-Ohio) as his running mate. Vance has been actively advocating for pro-crypto legislation, pushing for the widespread adoption of cryptocurrencies. These developments showcase Trump’s growing involvement in the crypto space and his efforts to rally support from key figures within the industry. As the former president gears up to release his fourth NFT collection, his embrace of cryptocurrency and partnership with pro-crypto advocates signal a potentially significant shift in his approach to digital assets and blockchain technology.
