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Home News Crypto

Donald Trump’s Crypto Move: Fourth NFT Collection and Pro-Bitcoin Running Mate

by Team Lumida
July 17, 2024
in Crypto
Reading Time: 3 mins read
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Key Takeaways:

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1. Trump plans to release a fourth NFT collection, citing high demand.
2. Trump’s campaign has raised $3 million in crypto, mostly bitcoin and ether.
3. Trump selects pro-Bitcoin senator J.D. Vance as running mate.

What Happened?

Donald Trump announced plans to release a fourth NFT collection in an interview with Bloomberg Businessweek. Trump revealed that his previous collections sold out quickly, with 45,000 cards snapped up each time. “The people want me to do another one,” he stated.

This announcement follows his campaign’s acceptance of crypto donations, which have raised about $3 million in bitcoin and ether. Trump’s campaign raised a total of $331 million last quarter, according to the Federal Election Commission (FEC). Additionally, Trump named pro-Bitcoin senator J.D. Vance as his running mate.

Why It Matters?

Trump’s embrace of NFTs and crypto marks a significant shift from his earlier skepticism. By aligning with the crypto industry, Trump taps into a growing market and secures financial support from major crypto players like Kraken’s Jesse Powell and Gemini’s Winklevoss twins. This move could bolster his campaign by attracting tech-savvy, financially influential supporters.

Trump emphasized the strategic importance of crypto, stating, “if we don’t do it, China is going to pick it up.” His pivot aims to prevent other countries, particularly China, from dominating the crypto sphere.

What’s Next?

Expect increased NFT activity and continued integration of crypto in Trump’s campaign. Watch for more endorsements from influential crypto figures and potential policy announcements favoring the crypto industry. The success of Trump’s fourth NFT collection will likely influence other political campaigns to consider crypto fundraising. Monitoring the impact on the broader market and how Trump’s stance on crypto affects his political momentum will be crucial.

Source: Coindesk
Tags: BitcoinTrump
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018