Trump is set to launch the fourth NFT collection, citing public interest

Former US President Donald Trump plans to launch a fourth NFT collection following the success of the previous three, which quickly sold out within a day.

In a Bloomberg Businessweek interview on Tuesday, Trump said people are asking for a fourth, citing his “incredible spirit.”

Trump warns that China could dominate the crypto market

In May, at a gala for his photo NFT holders at Mar-a-Lago, Trump hinted at a fourth collection, but did not commit. He said he believed in supply and demand, considering the other collections were successful. However, he noted that market conditions could change.

Trump released his first NFTs in December 2022 after launching the “Trump Digital Trading Cards”. These sold out quickly and raised about 648 Ethereum (ETH), worth about $785,000 at the time.

In the Bloomberg Businessweek interview, Trump also discussed his evolving views on crypto. He mentioned that he has managed to connect with many influential people in the crypto industry at his fundraisers, referring to them as “top people”.

Although initially skeptical of crypto, Trump has embraced the industry, playing up his concerns about international competition, especially from China. He warned that China would dominate space if the US did not take the lead.

Meanwhile, he observed a shift in attitude among traditional banking executives toward crypto. The former US president noted that Jamie Dimon, CEO of JP Morgan, was once very negative about crypto, but has recently softened his stance.

This comes just months after Dimon faced criticism from the crypto community for harsh anti-crypto comments at a Senate Banking Committee hearing in December 2023, where he stated, “If I was the government, I would shut it down.” .

Major crypto players rally behind Trump

Major players in the crypto industry, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have supported Trump’s campaign. They have given large amounts to Trump’s re-election campaign and related super PACs, including the new Trump-focused America PAC and pro-crypto Fairshake.

In May, the Trump campaign began accepting crypto donations. A Wall Street Journal report citing new data from the Federal Election Commission (FEC) revealed that about $3 million of the approximately $331 million raised by the Trump campaign last quarter was in crypto.

Yesterday, Trump also announced pro-Bitcoin Sen. JD Vance (R-Ohio) as his running mate. Vance has been actively involved in pro-crypto legislation, pushing for its widespread use.

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