Former U.S. President Trump was shot while delivering a speech at a campaign rally in Pennsylvania on the 14th. A bullet penetrated the upper part of his right ear. Fortunately, he was not seriously injured. After the shooting, the market predicted that Trump, who supports cryptocurrency, would have an increased chance of winning the presidential election, spurring a recovery in the cryptocurrency market. Trump’s series of meme coins and NFTs authorized by his team also soared .
Trump will issue fourth NFT series
Just yesterday (16th), Trump said in an interview with Bloomberg that he planned to release a fourth NFT series. He said that people used cryptocurrency to purchase his NFT, which opened his eyes to this "new currency."
When asked by the host what was the reason for changing his attitude towards cryptocurrency and even saying that Bitcoin should be made in the United States , Trump said that if we throw cryptocurrency aside, China will take it over and China will own it. It - or other countries, but most likely China. China is very keen on this.
Trump further mentioned that his first three NFT series were very successful and now he plans to do it again because everyone wants him to continue:
What I found after issuing NFTs was that approximately 80% of payments were made in cryptocurrency, which is unbelievable. Therefore, the NFT project was very successful. It was originally expected to be sold out within a year, but all 45,000 cards were sold out in one day. I've done it three times and am planning to do it again because everyone wants me to continue.
It’s such an incredible spirit, so beautiful.
Trump emphasized that what he really noticed was that almost all payments were made in cryptocurrencies, which was an eye-opener for him with this new currency. (Note: Trump’s NFT supports payment with credit cards and cryptocurrency, but most buyers use the latter)
Trump warns: Fed should not cut interest rates before election
It is worth noting that in terms of policy interest rates, Trump warned that the Federal Reserve (Fed) should avoid cutting interest rates before the November election. He said:
Maybe the Fed will cut interest rates before the election, before November 5th, even though they know they shouldn't.
Trump pointed out that interest rates must be maintained at current levels until economic conditions change significantly. He believes that although some people hope to lower interest rates to stimulate the economy, under the current circumstances, this is very difficult.
Trump made the point of lowering costs without necessarily focusing on lowering interest rates. He believes that it will be easier to lower interest rates if costs can be reduced; however, some question that he just does not want to give Biden a boost.
In addition, Trump added that if elected, he would let Fed Chairman Jerome Powell complete his term as chairman until January 31, 2028.
Trump NFT issuance history
The Trump team released the first generation NFT series, called Trump Digital Trading Card, in December 2022. It was a great success as soon as it was launched. 45,000 NFTs priced at US$99 were quickly sold out within 12 hours, and the floor price was also last year. A record high of 1,100 MATIC was reached in March.
However, after the Trump team released the second-generation NFT series Trump Digital Trading Cards Series 2 in April 2023, the floor price of the first-generation NFT series began to decline. In the past year, most of them have continued to be between 200 and 500 MATIC. Wander.
However, after Trump was shot and survived, the Trump Digital Trading Card quickly rose from 504 MATIC to a maximum of 925 MATIC (approximately US$500) on the 14th, setting a new high since March last year. At the same time, the floor price of Trump Digital Trading Cards Series 2 also increased by 20% to 156.77 MATIC.
The third-generation NFT series "Trump Digital Trading Cards MugShot Edition" was released in December last year and sells for $99. Users who purchase 47 cards can unlock the ability to have dinner with Trump at Mar-a-Lago. and obtained part of the suit Trump was wearing when he was arrested last August . However, it should be noted that third-generation NFTs cannot be traded or transferred until December 31 this year.
Later, in January this year, the Trump NFT team entered Ordinals and announced that users can get Trump digital collection cards on Bitcoin Ordinals for free as long as they purchase 100 third-generation NFTs.
