Trump Website Unveils Bitcoin-Themed Sneakers Priced At $500

US presidential candidate Donald Trump has launched Bitcoin-themed sneakers. Trump Sneakers, a website owned by Trump, began listing a range of limited-edition sneakers earlier this week.

Among the offerings is a high-top, Bitcoin-themed version priced at $499 per pair on pre-order. The collection features just 1,000 pairs of the bright orange sneakers, which have already sold out.

“These exclusive sneakers celebrate the future of finance and the leadership of President Trump, boldly emblazoned with a prominent Bitcoin symbol,” the product description reads. “Perfect for crypto enthusiasts and Trump supporters alike, these limited-edition shoes are a must-have.”

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Trump’s Bitcoin Sneakers Being Re-sold On eBay

In addition to the high-tops, the website lists another 1,000 pairs of low-top sneakers in bright orange and 1,000 in black, each priced at $299. The color orange is often associated with Bitcoin, the world’s largest cryptocurrency by market cap.

TRUMP JUST LAUNCHED BITCOIN SNEAKERS pic.twitter.com/A2CJvtNARD

— borovik (@3orovik) July 31, 2024

The high-top and low-top terms describe the shoes’ ankle reach. By Thursday morning, the high-top, bright orange range had completely sold out.

The Trump Sneakers website is operated by CIC Ventures LLC, a company fully owned by Trump, as declared in his 2023 financial disclosure. The site emphasizes that it has no connection to Trump’s political campaign and that the sneakers are not designed, sold, or manufactured by Trump or any of his associates.

The Bitcoin sneaker listing appeared on the site shortly after Trump’s speech at the Nashville conference. During his address, he pledged to fire SEC head Gary Gensler and create a strategic Bitcoin reserve if elected.

He also promised to be a “pro-Bitcoin” president and to prevent the sale of any of the 213,239 BTC seized by authorities and held in US government wallets.

It is worth noting that some pre-order purchases for Donald Trump’s limited-edition orange Bitcoin-themed sneakers are already being resold on eBay. As of now, there are 12 listings for the Bitcoin-themed high-tops on eBay.

Prices start at $700 in live auctions but can go up to $2,500 with a “best offer” option. One humorous listing even set a price of $69,999. Most sellers promise to ship the footwear once they receive it, expected between September and November.

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Trump Vows To Create Strategic Bitcoin Reserve

During his speech at the Bitcoin conference, the former president promised to make the US the global hub for digital currencies. He also accused the Democratic Party of being “against crypto.”

During his 45-minute address, Trump revealed his intention to create a “strategic Bitcoin stockpile” for the US. He further revealed that he would prevent the government from selling its stash of BTC acquired from seizures.

“As the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, the USA, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future,” Trump said.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.