Former United States President Donald Trump may have successfully captured the hearts of Americans with his pro-Bitcoin stance. This is evident in the support that he has received from crypto stakeholders from donations linked to his recent Non-Fungible Token (NFT) sneaker sales.

Secondary Sales For Trump’s Bitcoin Orange Sneakers

In just a short period following its listing, Trump’s Bitcoin NFT sneakers are sold out. According to the official website for the digital collectible, the “Trump Crypto President High Tops – Bitcoin Orange” sneakers cleared put right after they became available.

Each sneaker had a price tag of $499 on the official website. However, with secondary sales now underway, e-commerce websites like eBay have the sneakers selling for as high as $700 to $2,500.

One peculiar listing that turned out as an outlier has the orange sneakers prized at $69,999.

Donald Trump unveiled the limited edition Bitcoin sneakers during the Bitcoin Conference in Nashville as part of his campaign for the upcoming elections. Aside voicing his support for Bitcoin and other cryptocurrencies, this move reflected the politician’s current pro-crypto stance.

Sold by his company, CIC Ventures LLC, Trump made the sneakers available in two versions: 1,000 pairs of “Bitcoin orange” for $500 each, and 4,000 pairs of “luxurious black” for $299 each. Noteworthy, Bitcoin is an accepted form of payment for the sneakers.

“Shark Tank” star Mark Cuban pointed out that the Bitcoin sneakers are not just merchandise but a political statement.

Pro-Bitcoin Donald Trump and Crypto Funding

So far, it is safe to say that the Donald Trump crypto stance has paid off. He allegedly raised about $25 million during the Nashville Bitcoin Conference and the donations are still pouring in. American businessman Gary Cardone donated 12.8 Bitcoin to Trump’s Presidential Campaign ahead of the US elections. The value of the donation comes in at over $850,000.

Similarly, Paypal’s former President David Marcus publicly declared his support to Trump and the Republican party. For Marcus, this is a major pivot considering that he identifies with the Democrats. He did not denounce his commitment to Biden’s party but he noted he was “crossing the Rubicon. ”

“Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it,” Marcus said.

Read More: Ripple’s $10M Bet Aims to Tokenize US Treasury Bills: XRP Price to $1?

The post Donald Trump Bitcoin NFT Sneakers Officially Sold Out appeared first on CoinGape.

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Filed under: News - @ August 1, 2024 4:11 pm