Trump’s political views in interviews, the Fed and NFTs
After the shooting that shocked the world, "Bloomberg Business Weekly" published the transcript of Trump's interview. In the article, Trump discusses electoral politics, U.S.-China relations, official hiring, and cryptocurrencies and NFTs. Trump talks about re-election of Fed Chairman
First of all, Bloomberg mentioned the Fed’s appointment issue, which investors are very concerned about. Trump responded that if Fed Chairman Jerome Powell does the right thing, he will extend his term until 2028. He believes that the Federal Reserve must now maintain current interest rates until the U.S. economy recovers, the economy may be in recession, and inflation is the country's nemesis.
Trump predicted that although the Fed is currently not in a position to do so, it may still try to cut interest rates before the US election (November). However, unless the government can absorb other costs related to interest rates, it will be very difficult to start cutting interest rates in the short term, but he has prepared a plan to reduce energy to solve this problem.
Trump plans to issue fourth NFT
Trump also mentioned in the interview that the previously issued NFT series were very successful, each time selling out within one day. A total of 45,000 pieces have been sold so far, and 80% of them were paid with cryptocurrency:
"I did it three times and I'm going to do it again because people want me to do it again."
Trump said that through the issuance of NFTs, he noticed the novelty of cryptocurrency, a "new currency," and it opened his eyes.
However, in 2019, Trump’s staunch opponents of Bitcoin not only criticized it as not being money, but even considered it to be air and very unstable. In the 2024 U.S. election year, Trump suddenly changed his attitude, but he still basically hopes that the U.S. dollar will become a global sovereign currency.
Data from NFT platform OpenSea shows that Trump Digital Trading Cards NFT trading volume surged 916% after the Trump shooting. NFT Floor Price data shows that the floor price (lowest selling price) has also skyrocketed from around US$210 to a high of US$489, a cumulative increase of more than 130%.
What is Trump’s purpose in embracing the currency circle?
Why did Trump, who once criticized Bitcoin, start embracing the currency circle? He revealed in an interview that if the United States does not take action, China may take the lead:
“If we don’t do that, China will pick it up and own it (or someone else), but most likely it will be China because they are very passionate about cryptocurrencies.”
After getting in touch with the currency circle, Trump also met many people in the industry. He believes that the United States has a good foundation and that it is still early days in this field. He also mentioned JPMorgan Chase CEO Jamie Dimon, saying that he had a negative attitude towards cryptocurrencies in the past, but now he has changed.
Trump political fundraising $8.75 million
An elite group of venture capitalists, business tycoons and technology executives donated $8.75 million to a new super political action committee (PAC) supporting Trump, CoinDesk reported.
The latest documents indicate that donors include Douglas Leone, former managing director of Sequoia Capital, Joe Lonsdale, co-founder of Palantir, and Troy Link, CEO of snack company Jack Link's.
Some of these donations were paid in cryptocurrency. Jesse Powell, founder of the well-known exchange Kraken, said he donated US$1 million, most of which was Ethereum ($ETH); the Winkworth twins, founders of another exchange Gemini, also successfully donated US$250,000.
"CryptoCity" previously reported that Trump announced crypto-friendly Senator J.D. Vance as his vice presidential running mate, a move that further demonstrates Trump's support for cryptocurrency.
Trump’s deputy is revealed! "Crypto-friendly Congressman" Vance's shocking background exposed, still holds 250,000 mg of Bitcoin?