Outrage as report says Trump became a crypto convert after he started selling NFTs with images of himself

PALM BEACH, FLORIDA: Donald Trump, who called cryptocurrency "a scam against the dollar" when in office, changed his stance on digital assets when he began selling non-fungible tokens (NFTs) themed after himself, according to a report by Bloomberg.

This shift in perspective was in view during the former president's speech at the 2024 Bitcoin Conference in Nashville, Tennessee, where he stated, "I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden, Kamala Harris's anti-crypto crusade, it will end. If Bitcoin is going to the moon, I want America to be the nation that leads the way."

Donald Trump's broader appreciation for cryptocurrency came with NFTs themed after himself

The GOP presidential nominee's rant at the Bitcoin conference reportedly left even some cryptocurrency enthusiasts feeling disgusted, according to RawStory.

According to the Bloomberg report, a crucial reason behind this shift extends beyond the campaign donations made by cryptocurrency millionaires. The primary factor that influenced Trump's positive stance on cryptocurrency was apparently the "flattering images of himself."

"Simply put, he fell in love with Trump-themed nonfungible tokens — and the supporters who bought them — and that passion has turned into a broader appreciation for the industry, according to insiders who have watched Trump's crypto evolution," states the report. 

The authors added, "Trump’s lingering questions about valuations of digital assets haven’t slowed his NFT sales pitch, which was clear in May as he riffed off-script to a Mar-a-Lago gathering of supporters who had purchased at least 47 of the digital trading cards — pop-art renderings of the former president, including images of him dressed up like a cowboy, a superhero and other figures of fantasy." 

He reportedly sold them for $99 each.

In 2022, when the 78-year-old began selling NFTs featuring himself, some of his own staff initially considered it to be a foolish idea.

However, it should be noted Trump has had a lifelong habit of prominently displaying his name on his various properties and businesses, including assets he does not technically own.

Cryptocurrency was initially proposed as an alternative to traditional currency, aiming to facilitate faster and more secure transactions and reduce the influence of banks and governments over the money supply.

While its practical application as a form of currency remains limited, cryptocurrency has gained traction as an asset for investment, similar to stocks and bonds, leading to controversies surrounding its evasion of regulatory standards and its substantial energy consumption.

Internet slams Donald Trump over the reason behind his flip-flopping stance on cryptocurrency

Netizens derided former President Donald Trump as the Bloomberg report suggests he shifted his stance on cryptocurrencies after he realized he could benefit from selling NFTs featuring flattering images of himself.

One remarked, "Of course. If you put his face on a buffalo chip, he would try to sell it as a precious fossil," and another said, "He really is as dumb as it gets."

A person wrote, "To be expected from a malignant narcissist," while one more added, "He'll use crypto as yet another way to rip off thousands of his cultists."

"That figures. He’s weird. Look at him making weird faces," quipped an individual. Another person branded him a "narcissistic piece of s**t!"

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.