Key Points:
Former President Donald Trump announced on the Truth Social platform the issue of limited edition sneakers supporting Bitcoin or other cryptocurrency payments, with the branding of “Trump, Crypto President.”
Any individual can purchase a maximum of three pairs. The “Bitcoin Orange” variation is offered at $499, with a total share of 1,000 pairs, while the black variation goes for $299 and has a total share of 4,000 pairs.
“Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with Bitcoin or your favorite Crypto.” Donald Trump wrote
A few days ago, Trump reportedly declared a commitment to retaining the United States’ $14 billion Bitcoin holdings, primarily acquired through Department of Justice seizures. Trump proposed maintaining these assets as a “Strategic National Bitcoin Stockpile,” touting an administration stance of never selling off Bitcoin.
Read more: Donald Trump Presidential Campaign Raises $4 Million in Cryptocurrency Donations
In addition to this pledge in Bitcoin, Trump vowed that he would reform financial regulatory agencies by firing the chair of the SEC, Gary Gensler, and appointing crypto-friendly regulators, establishing a crypto advisory council, drafting a framework for the issuance of stablecoin, and lessening their enforcement.
Moreover, Trump’s foray into digital assets, such as cowboy-and-superhero nonfungible tokens, cemented his status as a crypto champion. Crypto biggies now hasten to back Trump in hopes of an assist when he tries to claw his way back to the White House.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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