Trump Called Bitcoin a “Scam”, Now He’s Selling NFTs
Psst! Looking for some last minute gift ideas? Well, a former president who still claims he won the last election thinks he’s stupid.
Former President Donald Trump, who once said bitcoin “seemed like a scam” and described cryptocurrencies as “potentially a disaster waiting to happen” made what he called a “big announcement” on December 15.
Now remember that Trump is running for president again, so he must have named his running mate, right?
Well, no, actually he didn’t.
It appears that Trump, who also said that cryptocurrencies “can be fake,” unleashed his NFT collection on an unsuspecting and seemingly somewhat disinterested world.
“Hey everybody, this is Donald Trump, hopefully your favorite president of all time,” the real estate mogul and former CEO said in a promotional video, “better than Lincoln better than Washington, with an important announcement.”
Trump’s digital trading card, he said, “contains some of the truly incredible artwork that pertains to my life and my career.”
But wait, there’s more. Each card, Trump said, “comes with an automatic chance to win amazing prizes.”
Actually, what kind of prizes?
“Like dinner with me — I don’t know that’s an amazing prize, but that’s what we have” — golf with you and a group of your friends on one of my beautiful golf courses — and they’re beautiful,” Trump explained. “I also do zoom calls, a one-on-one meeting, autograph memorabilia and much more.”
“And remember,” he added. “Christmas is coming and this is a great Christmas present.”
Trump changes his mind (often)
Hold on a moment,
Isn’t Donald Trump the same guy who said, “I don’t think we should have all the bitcoins in the world out there” and that “the currency should be the dollar”?
Yeah, but the guy has the right to change his mind, right?
After all, Trump used to say that “only the mob” asked for the Fifth Amendment” and “if you’re innocent, why do you take the Fifth Amendment?”
But just this summer, Trump reportedly invoked the Fifth Amendment more than 440 times during his deposition at the office of New York Attorney General Letitia James, who filed a $250 million lawsuit against Trump and his family real estate company,
Of course, when Trump took the fifth, he had his reasons.
Don’t forget that Trump also gave us Trump Wines, Trump Steaks, Trump Ice Natural Spring Water, Trump Airlines and Trump University.
And look how good they all turned out.
Trump certainly did not time his NFT venture very well.
The cryptocurrency market has been hit hard, most recently by the collapse of the cryptocurrency exchange FTX and the arrest of its founder Sam Bankman-Fried.
Fight battles on multiple fronts
Total NFT trading volume fell about 8% in November, according to DappRadar, while the total number of NFTs sold fell 23% compared to October.
The former reality star faces problems on several other fronts in addition to the New York State Attorney’s case.
Earlier this month, two Trump Organization companies were found guilty on multiple counts of criminal tax fraud and falsifying business documents.
There are the top-secret document theft investigation, the January 6 riot investigation and the Georgia election case.
And on the political front, a poll of potential Republican candidates for president in 2024 found Trump trailing Florida Gov. Ron DeSantis by 23 points.
Trump also didn’t get much love for his NFT project from Twitter, even though Tesla (TSLA) – Get a free report CEO Elon Musk, who bought the microblogging site for $44 billion, allowed “The Art of the Deal” author to return after his Jan. 6-related ouster.
“Oh my God, Trump’s big announcement is even more pathetic than I expected,” one person so.
“Donald Trump went from being president to being a late-night infomercial for his own NFT,” another person tweeted. “This is the handsomest play I have ever seen. I love it.”
