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Binance CEO Is Bullish About What Trump’s NTF Signifies for Crypto

source-logo  coinedition.com 16 December 2022 12:51, UTC

The CEO of Binance, Changpeng Zhao, believes the era of massive crypto adoption is getting closer as the staunch crypto hater and former president of the United States, Donald Trump, embraced the NFT world.

Zhao expressed this sentiment while reacting to the news that the former US president now has an NFT collection.

The former United States President issues NFTs. And he didn’t like crypto before. We are getting there. https://t.co/NxCD91sveh

— CZ 🔶 Binance (@cz_binance) December 15, 2022

On December 15, Trump took the internet by storm, especially the Web3 community, when he launched a 45,000 NFT collection called Trump Digital Trading Cards. The artwork depicted the former president in various outfits, such as golf attire, hunting gear, and a superhero costume.

According to the official infomercial, each card goes for $99, giving buyers access to a community, dinner, golfing, Zoom calls, autographs, and one-on-one meetings with Trump.

Despite widespread ridicule from Trump fans and opponents, the NFTs were sold out in just 12 hours, according to OpenSea statistics, raising $4.45 million. So far, traders on OpenSea have spent $507,450 or 398 Ethereum tokens purchasing and selling NFTs.

According to a widely shared screenshot from 2019, Trump reportedly said he was not a fan of Bitcoin and other cryptocurrencies because they are volatile and useless. When asked about his views on the potential of Bitcoin last year in an interview with Fox Business news, Trump called crypto a disaster waiting to happen.

Given his well-known hateful statements about crypto, the crypto community was initially skeptical about the infomercial announcing Trump’s NFT. Some people argued it was a parody or a lookalike created via deep fake technology.