Trump discusses election policies, the Federal Reserve, and NFTs in an interview published by Bloomberg Businessweek following the shocking shooting incident. Regarding the issue of the Federal Reserve chairman’s reappointment, Trump responded that if Powell is doing the right things, he would extend his term until 2028. He believes that the Federal Reserve must maintain the current interest rates until the US economy recovers, as the economy may decline and inflation is the country’s enemy. Trump predicts that although it may not be suitable for the Federal Reserve to do so now, they may still attempt to cut interest rates before the US election in November. However, it would be very difficult to do so in the short term unless the government can reduce other costs related to interest rates. Trump has prepared an energy reduction plan to address this issue.
Trump plans to release a fourth NFT, mentioning that his previous NFT series have been very successful, selling out within a day each time. He has sold a total of 45,000 NFTs, with 80% of them being paid for with cryptocurrencies. He stated, “I’ve done it three times, and I plan to do it again because people want me to.” Through issuing NFTs, Trump has realized the novelty of cryptocurrencies and has become more open-minded. However, in 2019, Trump was a staunch opponent of Bitcoin, criticizing it as not real money and highly unstable. It wasn’t until the 2024 US election year that Trump suddenly changed his stance, but he still hopes that the US dollar becomes the global reserve currency.
Following the shooting incident, data shows that the trading volume of Trump Digital Trading Cards NFT increased by 916%. The floor price of NFTs also skyrocketed from around $210 to a high of $489, with a cumulative increase of over 130%.
Why did Trump embrace the cryptocurrency industry despite previously criticizing Bitcoin? He revealed in the interview that if the US doesn’t take action, China might take the lead, saying, “If we don’t do it, China will pick it up, own it (or other regions or countries), but most likely it’s China because they are very keen on cryptocurrency.” After getting involved in the cryptocurrency industry, Trump has also met many industry professionals. He believes that the US has a solid foundation and that this field is still in its early stages. He mentioned Jamie Dimon, CEO of JPMorgan Chase, saying that he used to have a negative attitude towards cryptocurrencies but has now changed his stance.
According to CoinDesk, data from a Super PAC shows that an elite group consisting of venture capitalists, business giants, and tech executives has donated $8.75 million to Trump. Donors include former managing director of Sequoia Capital, Douglas Leone, co-founder of Palantir, Joe Lonsdale, and CEO of snack company Jack Link’s, Troy Link, among others. Some of these donations were made using cryptocurrencies. Jesse Powell, founder of the popular exchange Kraken, donated $1 million, with the majority being in Ether ($ETH). The Winklevoss twins, founders of the exchange Gemini, also successfully donated $250,000.
It was previously reported by “Crypto City” that Trump announced crypto-friendly Senator J.D. Vance as his running mate for vice president, further demonstrating his support for cryptocurrencies.
Original article source: 加密城市