Trump will issue the 4th NFT series! Declaration: Fed should not cut interest rates before election, Powell will not be fired

This site (120bTC.coM): Former US President Trump was shot while delivering a speech at a campaign rally in Pennsylvania on the 14th. The upper part of his right ear was shot by a bullet. Fortunately, he was not seriously injured. After the shooting incident, 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 the fourth NFT series

Just yesterday (16th), Trump said in an interview with Bloomberg that he plans to release the fourth NFT series. He said that people use cryptocurrency to buy them. NFT 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, China will have 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. He said that because everyone wants him to continue: I found after issuing NFTs that about 80% of the payments were Paid in cryptocurrency, it’s 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 going to do it again because everyone wants me to continue.

This is 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: The Fed should not cut interest rates before the 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, saying: Maybe the Fed will cut interest rates before the election, before November 5, even though they know they shouldn't do that.

Trump pointed out that the current interest rate level must be maintained 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 having to focus 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 Powell complete his term as chairman until January 31, 2028.

Trump NFT issuance history

The Trump team issued the first-generation NFT series in December 2022, called Trump Digital Trading Card. It was a great success as soon as it was launched. 45,000 NFTs priced at US$99 quickly sold out. It was sold out within 12 hours, and the floor price also hit a record high of 1,100 MATICs in March last year.

But 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 range from 200 to 500 pieces. Wandering between MATIC.

However, after Trump was shot and survived, the Trump Digital Trading Card quickly rose from 504 MATICs to a maximum of 925 MATICs (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 Mug Shot Edition" was released in December last year and is priced at US$99. Users who purchase 47 cards can unlock the empowerment and join Trump at Mar-a-Lago. had dinner and was given part of the suit Trump was wearing when he was arrested last August. However, it should be noted that the third generation of NFT 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.

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