Summary
Former President Donald Trump publicly endorsed crypto, emphasizing how it has enriched him personally and expressing support for the industry if re-elected. He made money from NFT trading cards and limited edition sneakers, holding $8.7 million in crypto. Trump previously cashed out $2.4 million in ETH. He acknowledged crypto as an additional form of currency but warned against countries abandoning the U.S. dollar.
Key Points
1. Former U.S. president Donald Trump publicly endorsed cryptocurrencies, noting their personal financial benefits and expressing potential support for the industry if re-elected in November.
2. Trump highlighted his positive experiences with cryptocurrencies, particularly through the sale of his NFT trading cards and donations from the crypto community, amounting to around $8.7 million in crypto holdings.
3. While embracing crypto as an additional form of currency, Trump also raised concerns about nations moving away from the U.S. dollar, warning of potential threats to America’s global dominance if countries switch to a more crypto-integrated economy.