In his mandate as president, he called bitcoin a scam. Now, in the presidential campaign, he raised $25 million from the crypto sector.
Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social, according to CNBC.
Two of Trump’s sons, Eric Trump and and Donald Jr., have spent weeks teasing the forthcoming platform, which Eric recently described as “digital real estate.”
“It’s equitable. It’s collateral anyone can get access to and do so instantly,” Eric told the New York Post earlier this month. “I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”
The Trump brothers have also promoted the project with posts declaring that “decentralized finance is the future” and asking people to “stay tuned for a big announcement.”
The mention of digital real estate could be a reference to selling digitized versions of assets in the metaverse, a concept which peaked in popularity in 2021 during the last bull market cycle in crypto.
Donald Trump to brand himself as the pro-crypto candidate for president
In April, Trump launched a nonfungible token collection on the Solana blockchain. In May, he became the first major presidential nominee to accept cryptocurrency donations, and in July, the Republican presidential nominee headlined the biggest bitcoin event of the year in Nashville, Tennessee. And earlier this month, a personal financial disclosure form showed the former president owns more than $1 million in cryptocurrency.
It is a significant departure from Trump’s previous stance on cryptocurrencies during his stint in the White House when he called bitcoin a scam.
The endorsements and donations have rolled in since his newfound support of the industry. The former president said he had raised $25 million from the crypto sector as of the end of July.
As a funny fact, The DeFiant Ones is the name of a movie with Tony Curtis and Sidney Poitier from 1956. Nominated for nine Academy Awards including Best Picture, Stanley Kramer’s THE DEFIANT ONES broke new ground by delivering its message of racial tolerance through a fast-moving blend of action and suspense. It remains a raw, powerful film that is as exciting as it is moving, real and literate.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
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