Donald Trump, the former president and presumptive Republican nominee in 2024, is signaling his support of digital assets.
In a new CNBC interview, Trump indicated if he were elected president again he would not crack down on the use of Bitcoin (BTC) and other cryptocurrencies through increased regulations.
[adinserter block="1"]According to Trump, the use of digital assets is becoming more prevalent, such as to make purchases, making him more inclined to support crypto – despite his preference for the US dollar.
When he launched his “Never Surrender” golden high-top sneakers, Trump says he was surprised at how many were sold to consumers paying in crypto.
Says Trump,
“I do little things sometimes for fun and you know, make money with it, but I have fun with it too… sometimes we’ll let people pay through Bitcoin. If you think of it, it’s an additional form of currency. And I used to say I want one currency. I want the dollar. I don’t want people leaving the dollar. I feel that way. But I will tell you, [crypto] has taken on a life [of its own].
I did a thing that people smile at but it was wild. We did 1,000 sneakers, so a limited edition sneaker run, and you could go through our crazy new currencies because that’s what I call them. They’re crazy whether it’s Bitcoin or others. And so many people were buying these things. Ultimately, the last pair of sneakers sold for approximately, I hear, $450,000… So it just took off, and I noticed that so many of them were paid for with the new currency, cryptocurrency, and I couldn’t believe the amount.
People are using it… There has been a lot of use of that. And I’m not sure that I’d want to take it away at this point.”
In December 2022, Trump launched a collection of non-fungible tokens (NFTs) on the Ethereum (ETH)-based platform OpenSea, weeks after formally announcing his intention to run for the 2024 presidential election.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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