As a crypto investor with a background in finance and a strong interest in digital assets, I’m thrilled to see former President Donald Trump making headlines in the NFT space. His recent comments about cryptocurrencies and NFTs at his Florida home have been quite intriguing.
During his meeting with a group of ardent supporters of non-fungible tokens (NFTs) at his residence in Florida on Wednesday, the former President of the United States, Donald Trump, left an indelible impression with several noteworthy remarks.
Instead of merely promising to support cryptocurrency entrepreneurs in the US, Trump additionally claimed some responsibility for the recent popularity surge of NFTs due to his substantial collection. He also made light of a political opponent’s meme coin creation, unwittingly triggering a price increase.
Countless clips of his most memorable lines surfaced on X on May 8, including:
On crypto: “I’m good with it”
As a crypto investor, I’ve noticed that one of the early buzzworthy clips circulating on social media featured Trump expressing his intention to create a more favorable regulatory landscape for crypto businesses and innovators. He believes this improvement would be a response to the perceived “hostility” towards crypto, which he attributes to the Biden administration and the Securities and Exchange Commission (SEC).
i asked donald trump how he’s going to keep crypto businesses in america.
sounds bullish
— Malcolm (33.3%) (@macdegods) May 9, 2024
“Gensler is very much against it. The Democrats are very much against it [but] I’m fine with it, I want to make sure it’s good and solid and everything else, but I’m good with it.”
In response to a query from NFT enthusiast “Malcolm” about how he planned to mitigate hostility towards innovators and encourage them to stay in the US, Trump offered:
“We’ll stop it because I don’t want that, I don’t want that. If we’re going to embrace it we have to let them be here.”
On NFTs: “We made NFTs hot again”
Trump boasted that his Mugshot NFTs and other collections reignited interest in NFTs when the market appeared to be cooling down, eliciting enthusiastic applause from the audience.
As a crypto investor, I had to shell out at least $4,653 to buy a Trump’s Mugshot NFT if I wanted to secure an invitation to the exclusive dinner event.
As a data analyst, I’ve come across various digital art collections associated with former U.S. President Donald Trump and his family. Notably, the Trump NFT Cards and the 1776 collection attributed to POTUS (President of the United States) and Melania Trump stand out in this context.
On BODEN: “That’s a lotta money for a coin”
As a researcher, I’ve come across the fact that Trump doesn’t hold a fondness for the meme coin named Jeo Boden (BODEN), which currently has a market capitalization exceeding $260 million and is associated with Joe Biden.
“That’s a lotta, money for a coin, I don’t like that investment,” he said.
BODEN spiked more than 10% shortly after his comments were shared on X.
An alternate meme cryptocurrency named Donald Tremp (TREMP) experienced a significant surge, increasing by approximately 110% within the same time period.
In a different remark, the billionaire with vast wealth took a playful jab at his political opponent, implying that he lacks understanding of cryptocurrencies.
“If you’re in favor of crypto, you better vote for Trump.”
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO
— Frank (33.3%) (@frankdegods) May 9, 2024
In his previous discourse in 2021, Donald Trump dismissed Bitcoin as a fraudulent scheme. However, he has since then shown a shift in perspective and started to express support for Bitcoin and the related sector in the past few months.
Despite this, he remains firmly committed to upholding the U.S. dollar‘s leading role within the conventional financial structure.
Trump has expressed his opposition to establishing a central bank digital currency during his tenure.
I analyzed a situation where former President Trump faced indictment in Georgia during August, 2023, for allegations concerning efforts to interfere with the 2020 presidential election results. The ensuing event led to the creation of an NFT (Non-Fungible Token) featuring his mugshot.
He is required to appear in court for a criminal hearing regarding his alleged forgery of business records in connection with a $130,000 transaction with Stormy Daniels – this does not include the accusations against him in Georgia, Florida, and the District of Columbia.
Since the jury selection for Trump’s trial in New York began on April 15, he has spent several days in court. Nevertheless, the court does not convene on Wednesdays. Therefore, on May 8, Trump made use of this break to travel to his Florida residence and hold an event instead.
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2024-05-09 07:30