Donald Trump, the former president and presumptive Republican nominee in 2024, is showing his support for digital assets.
In a new CNBC interview, Trump indicated that if he were elected president again, he would not tackle the use of Bitcoin (BTC) and other cryptocurrencies through stricter regulations.
According to Trump, the use of digital assets is becoming increasingly common, for example to make purchases, making him – despite his preference for the US dollar – more inclined to support crypto.
When he launched his “Never Surrender” gold high-top sneakers, Trump said he was surprised at how many of them were sold to consumers who paid in crypto.
Trump says,
“I sometimes do little things for fun and you know, make money with it, but I also have fun with it… sometimes we let people pay via Bitcoin. If you think about it, it’s an additional form of currency. And I always said I wanted one currency. I want the dollar. I don’t want people to leave the dollar. I feel this way. But I’ll tell you, [crypto] has been given a life [of its own].
I did something that people laugh at, but it was wild. We made 1,000 sneakers, so a limited edition sneaker run, and you could go by our crazy new currency because that’s what I call them. They are crazy, whether it is Bitcoin or something else. And so many people bought these things. Eventually the last pair of sneakers sold for about, I heard, $450,000… So it just took off, and I noticed that so many of them were being paid for with the new currency, cryptocurrency, and I couldn’t believe the amount.
People use it… It has been used a lot. And I’m not sure I’d want to take it away right now.
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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Featured image: Shutterstock/turtix