Trump Talks Policies, Federal Reserve, and NFTs in Interview
Following the shocking shooting incident, Bloomberg Businessweek published an interview transcript with Donald Trump. In the article, Trump discussed his election policies, the US-China relationship, appointments of officials, and cryptocurrencies, including NFTs.
Trump Talks Fed Chair Reappointment
Firstly, Bloomberg addressed the issue of the Federal Reserve Chair appointment, which investors are closely watching. Trump responded that if Jerome Powell is doing the right things, he would extend his term until 2028. He believes that the Fed must maintain the current interest rates until the US economy recovers, as a recession and inflation are the nation’s enemies.
Trump predicted that although it may not be appropriate for the Fed to do so now, they might attempt to lower rates before the US election in November. However, unless the government can reduce other costs associated with interest rates, it would be difficult to start lowering rates in the short term. Nevertheless, Trump has prepared an energy reduction plan to address this issue.
Trump Plans to Release Fourth NFT
During the interview, Trump also mentioned the success of his previous NFT releases, which sold out within a day each time. He has sold a total of 45,000 NFTs, with 80% of them paid for using cryptocurrencies. He stated, “I’ve done it three times, and I plan to do it again because people want me to.”
Through issuing NFTs, Trump discovered the novelty of cryptocurrencies as a “new currency” and found it eye-opening. However, in 2019, Trump was a staunch opponent of Bitcoin, criticizing it as not being real money and being highly unstable. It was only in the 2024 US election year that Trump suddenly changed his stance, but he still fundamentally wants the US dollar to remain the global reserve currency.
Trump’s Embrace of the Crypto World
Why did Trump, who once criticized Bitcoin, start embracing the crypto world? He revealed during the interview that if the US doesn’t take action, China may take the lead. He said, “If we don’t do it, China will pick it [cryptocurrency] up, own it, or some other country or region will, but the most likely is China because they are very much into cryptocurrencies.”
After getting involved in the crypto world, Trump also met many industry professionals. He believes that the US has a good foundation and that this field is still in its early stages. He mentioned Jamie Dimon, the CEO of JPMorgan Chase, who used to have a negative attitude towards cryptocurrencies but has since changed.
$8.75 Million Raised for Trump’s Political Campaign
According to CoinDesk, Super PAC data shows that an elite group composed of venture capitalists, business tycoons, and senior tech executives donated a total of $8.75 million to Trump’s political campaign. Donors include former managing director of Sequoia Capital, Douglas Leone, co-founder of Palantir, Joe Lonsdale, and CEO of Jack Link’s snack company, Troy Link.
Some of these donations were made using cryptocurrencies. Jesse Powell, the founder of popular exchange Kraken, stated that he donated $1 million, with a significant portion in Ether ($ETH). The Winklevoss twins, founders of Gemini exchange, also successfully donated $250,000.
In a previous report by “Crypto City,” it was announced that Trump had chosen crypto-friendly Senator J.D. Vance as his running mate for Vice President, further demonstrating his support for cryptocurrencies.
This article is a collaborative repost from Crypto City.
