The President of the United States, Donald Trump, continues to extend his footprint in the Crypto field by integrating his official, $ Trump, for the sale of derivatives. $ Trump holders can now buy items such as sneakers, watches and perfumes using this token. This initiative marks a notable evolution for the 47ᵉ President, which had previously qualified the value of “wind -based” cryptocurrencies.
Crypto: the same $ Trump finally becomes useful!
According to a January 29 report, three websites now accept the $ Trump for purchases of derivative products from the president: Gettrumpsneakers.com, Gettrumpwatches.com and Gettrumpfragances.com. These sites belong to CIC Ventures LLC, a company linked to Donald Trump. The samecoin $ Trump, which previously had around 700,000 holders, was mainly used for speculation or support for the president. However, this new initiative gives concrete use to the Crypto token, allowing holders to use it to buy derivative products.
In addition, Trump Media and Technology Group, the parent company of Donald Trump's social network, announced on January 29 that it was embarking on financial services, including investment vehicles like cryptocurrencies. The company's shares jumped 8 % after this announcement. This decision shows Donald Trump's growing will to join the crypto in his commercial empire, despite the warnings of government surveillance organizations.
An explosion to come?
This integration of the $ Trump token as a means of payment for derivative productscould strengthen its legitimacy and stimulate demand. Indeed, by giving concrete use to this same, Donald Trump attracts more investors and supporters, which could lead to an increase in its value. However, the crypto market remains volatile, and the high concentration of tokens in a few hands, could limit its adoption. However, if the craze is maintained, the value of the $ Trump could most certainly explode!
The expansion of Donald Trump's crypto imprint therefore shows his desire to adopt and integrate cryptocurrencies into his commercial activities. This initiative could strengthen the legitimacy and demand from the $ Trump, although market volatility and the concentration of tokens remain challenges to overcome, especially after the concerns aroused by the same Melania.
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