- Trump hosted a dinner for supporters who bought his NFT collections.
- Trump said he’s “fine” with crypto and ready to stop the US hostility in the sector.
As a researcher with a background in blockchain technology and digital assets, I find Trump’s recent involvement in the NFT and crypto space intriguing. His dinner for NFT buyers and his openness to accepting crypto donations for his campaign are significant developments that could potentially impact the sector.
On Wednesday, the previous American president paused his current legal proceedings and welcomed crypto fans, with a special interest in Trump NFT purchasers, to a dinner at his residence in Florida.
Reportedly, the dinner attendees were supporters who bought at least 47 Trump NFTs (at $99 each).
In the dinner, the former president emphasized that Trump NFTs made NFTs hot again, stating that,
“We did it when NFTs were not hot. And we made NFTs hot again”
Trump has been an active participant in the NFT market, reporting sales worth between $100,000 and $1 million according to his 2022 financial declarations. One popular Trump-themed NFT was the Mugshot Edition based on his arrest photo from the previous year.
In the past month, the latest release of Trump Digital Trading Cards, created using Bitcoin [BTC] Ordinals, generated substantial revenue – an impressive $4.6 million was earned within just 2 hours as they sold out swiftly.
Trump: NFT to crypto donation?
As a seasoned crypto investor myself, I can relate to Trump’s supportive attitude towards cryptocurrencies. At a recent dinner gathering, I proudly shared my perspective with the guests and expressed my readiness to accept digital currency contributions for my political campaign.
Trump criticized President Biden for being unfamiliar with cryptocurrencies. He also noted the opposition of Gensler and Democrats towards it. Nevertheless, Trump expressed his support for cryptocurrencies by stating that he was comfortable with them.
When asked about hostility directed at U.S. crypto firms, Trump said,
“The cryptocurrency sector is leaving the United States due to unfavorable conditions. I don’t want this trend to continue. If we aim to welcome and support crypto, we must make the U.S. a more inviting place for it.”
As a crypto investor, I’ve noticed an increasing optimism within the community regarding Trump’s presidential campaign and other pro-crypto legislators. Despite the intensified regulatory scrutiny in the cryptocurrency market, these developments have instilled hope that favorable policies may emerge.
As an analyst, I’ve noticed that while some market observers welcomed Trump’s positive stance on cryptocurrencies during his recent presidency, others approached it with skepticism. This is due to the fact that during his previous term in office, there were no significant developments or advancements for cryptocurrencies.
“Trump is a f**king clown, and you are too if you think he actually gives a sh*t about crypto.”
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2024-05-09 17:12