Former President Trump Shares Views on Bitcoin and NFTs, Hints at Hands-Off Approach if Re-elected

Former President Donald Trump. The presumptive Republican nominee for the 2024 elections, is expressing openness towards digital assets. 

In a recent CNBC interview, Trump hinted that if re-elected president, he wouldn’t enforce stricter regulations on Bitcoin (BTC) and other cryptocurrencies. Citing their growing usage, including for purchases, as a factor influencing his stance. Despite his preference for the US dollar, Trump mentioned his surprise at the significant number of sales made with crypto for his “Never Surrender” golden high-top sneakers. He acknowledged the emergence of cryptocurrencies as an additional form of currency, noting their increasing adoption. Trump also recalled his experience with launching a limited edition sneaker run where many purchases were made using cryptocurrencies, with the last pair reportedly selling for approximately $450,000. Reflecting on the widespread use of crypto, particularly in such transactions, Trump expressed hesitation about restricting it at this juncture. 

Notably, in December 2022, Trump ventured into the NFT space by launching a collection on the Ethereum (ETH)-based platform OpenSea, shortly after announcing his candidacy for the 2024 presidential election.

Clever Robot News Desk 12^th March 2024