Donald Trump emphasized the importance of the US taking a proactive role in the crypto industry to prevent other nations, particularly China, from dominating.
The former President of US said in a Bloomberg interview, “If we don’t do it, China is going to pick it up and China’s going to have it—or somebody else, but most likely China. China’s very much into it.”
Furthermore, to counter the perceived threat from China, Trump has proposed several strategies, including increased regulation and control of the US cryptocurrency market. He advocates for substantial investment in national blockchain technologies and the promotion of American cryptocurrencies as viable alternatives to foreign digital currencies.
“Our priority must be economic security. We must ensure that American cryptocurrencies are strong and competitive,” Trump asserted.
“If We Don't Do It, China Will,” Trump Pushes for US Crypto Dominance and Teases 4th NFT … https://t.co/Y1ocUynj7O #nft #nftnews #nfts
— Kyked (@kykednft) July 17, 2024
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Trump Hinted At Potential Launch Of Fourth NFT
In a recent interview with Bloomberg Businessweek, the current Republican Presidential Candidate hinted at the potential launch of a fourth non-fungible token (NFT) collection.
This announcement comes on the heels of his previous three NFT collections, which have seen mixed success and generated significant attention from both supporters and critics.
Trump’s venture into the NFT space began in December 2022 with the launch of his first collection, which sold out 45,000 cards in a single day.
Despite this initial success, the value of these NFTs has fluctuated, with subsequent collections experiencing similar volatility. His second series, released in April 2023, and the Mugshot edition in December 2023, faced both acclaim and criticism.
Allegations of plagiarism and the reservation of several NFTs for the project team have marred these collections, raising questions about their authenticity and fairness.
Trump’s involvement in the NFT market has significantly altered his perspective on the broader cryptocurrency industry. Initially a skeptic, he has become more supportive, noting the substantial use of crypto in transactions for his NFTs.
“I did things like NFTs. And I noticed that 80% of the money was paid in crypto. The thing I really noticed was everything was paid in—I would say almost all of it was paid in crypto, in this new currency. And it opened my eyes,” Trump stated in the interview.
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"the people want me to do another one"
Trump releasing another NFT collection 👀 pic.twitter.com/SEaQYxXGRh
— The Bitcoin Express (@The_BTC_Express) July 17, 2024
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