- Trump plans a fourth NFT collection, focusing on the United States’ leadership in cryptocurrency.
- Jamie Dimon, JP Morgan CEO, shifted from a negative stance to a more favorable view of cryptocurrency.
- The Ethereum-based MAGA memecoin’s market cap surged from $293M to $469M after an assassination attempt on Trump.
Former President Donald Trump revealed his consideration of a fourth non-fungible token (NFT) collection. Trump emphasized the United States’ leadership in cryptocurrency during an extensive interview on Tuesday.
New NFT Collection in the Works
Trump expressed his intention to produce another NFT collection, citing high public demand. His most recent collection, “MugShot,” centers on his continuing criminal indictments. Trump emphasized the swift success of his last NFT line, which sold out in a single day.
Emphasizing his desire for the United States to control the cryptocurrency market, Trump expressed his gratitude for Bitcoin, saying that almost all transactions for his past collection were handled in cryptocurrencies. Trump voiced concerns about other countries, particularly China, potentially dominating this emerging market.
Evolving Views on Cryptocurrency
Trump also remarked on the changing attitudes towards cryptocurrency within the traditional banking sector. He referenced Jamie Dimon, CEO of JP Morgan, who previously criticized cryptocurrency but has since softened his stance. Trump noted, “Jamie Dimon was, you know, very negative, and now suddenly he’s changed his tune a little bit.”
The shift comes after Dimon’s harsh comments at a Senate Banking Committee hearing in December 2023, where he suggested the government should shut down cryptocurrency.
Recent Developments and Market Reactions
Trump’s comments came after an attempted attack at a Butler, Pennsylvania, gathering. Not too long after the incident, Cointelegraph exposed a significant increase in the value of the MAGA memecoin derived from Ethereum. Less than 45 minutes saw the memecoin’s market value rise from $293 million to $469 million and its price rise from $6.31 to $10.36.
Trump’s intentions to launch a new NFT series show his ongoing involvement in the Bitcoin space. As he aims for U.S. leadership in this field, the shifting viewpoint of conventional banking executives reflects the increasing influence of digital money.
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