Rising Popularity of Trump NFTs (Non-Fungible Tokens) as US Election Approaches: A New Trend in Crypto Market

• Former US President Donald Trump hosts a dinner for supporters who purchased his NFT collections.
• Trump expresses his support for cryptocurrencies and his intention to end US hostility towards the sector.
• He also hints at the possibility of accepting crypto donations for his campaign.

Donald Trump hosts a dinner for NFT holders, expressing his support for cryptocurrencies and hinting at the possibility of accepting crypto donations for his campaign.

Trump Hosts Dinner for NFT Holders

On Wednesday, former US President Donald Trump took a break from his ongoing trial to host a dinner at his Florida home for crypto enthusiasts, particularly those who purchased his NFT collections. The attendees reportedly bought at least 47 Trump NFTs, priced at $99 each. Trump emphasized that his NFTs have revitalized the market, stating, “We did it when NFTs were not hot. And we made NFTs hot again.”

Trump’s Involvement in the NFT Market

Trump has been active in the NFT scene, with his 2022 financial statements showing earnings between $100K to $1 million from NFT sales. His “Mugshot Edition” NFT, based on his arrest mugshot from last year, went viral. His recent “Trump Digital Trading Cards” edition, minted on Bitcoin Ordinals last month, sold out quickly, earning $4.6 million within two hours.

Trump’s Stance on Cryptocurrencies

Given his first-hand experience in the sector, Trump has maintained a pro-crypto stance. He told the dinner attendees that he is open to accepting crypto donations for his campaign. He criticized President Joe Biden for his lack of understanding of cryptocurrencies and stated that he was ‘fine’ with crypto. When asked about the hostility directed at U.S. crypto firms, Trump said, “Crypto is moving out of the U.S. because of hostility. We’ll stop it because I don’t want that. If we’re going to embrace it, we have to let them be here.”

Conclusion

Trump’s pro-crypto stance has been well-received by many in the crypto market and industry titans, especially amidst heightened enforcement actions in the sector. However, some market watchers remain skeptical, citing his previous term in office which saw no significant advancements for crypto. As the U.S. election nears, Trump’s involvement in the crypto and NFT space will undoubtedly continue to be a topic of interest.