Former U.S. President Donald Trump has once again stirred the political pot, this time dipping his toes into the volatile waters of cryptocurrency. In a series of video clips shared by Frank Degods, a prominent non-fungible token (NFT) creator, Trump asserted his intention to embrace digital assets for campaign donations.
Addressing a gathering of buyers of his “Mugshot Edition” NFTs, Trump confidently declared, “If you can’t, I’ll make sure you can,” indicating his resolve to facilitate crypto contributions to his campaign. Seizing the opportunity to take a jab at his successor, Trump remarked that President Joe Biden is oblivious to the world of digital assets, positioning himself as the champion of the crypto community.
Trump’s pronouncement came during an informal dinner with individuals who had individually purchased over 47 NFTs, each priced at $99, as reported by Axios. Reflecting on his NFT venture, Trump boasted, “We made NFTs hot again.”
Trump’s Reassurance Sparks Crypto Market Surge
The ex-president didn’t stop at campaign finance; he also pledged to support the digital asset industry’s presence within the U.S., vowing to prevent its exodus due to perceived hostility. Trump’s reassurance caused ripples in the market, notably boosting the “Jeo Boden” meme coin by 18.5% within 24 hours, according to CoinMarketCap data.
Despite Trump’s sudden embrace of crypto, skeptics remain cautious. Trump dismissed the meteoric rise of the BODEN token, expressing disdain for the sizable market capitalization it had accrued.
Observers like Avichal Garg applauded Trump’s evolution on the crypto front, attributing it to savvy coaching. Garg warned of potential consequences for the Democrats, suggesting that their anti-crypto stance could alienate a growing constituency.
With Trump eyeing a return to the White House as the Republican nominee for the 2024 presidential election, his foray into the crypto sphere adds a new dimension to an already contentious political landscape. The Trump campaign, however, remained tight-lipped in response to inquiries, leaving many to speculate on the implications of this latest move.