Trump's Bitcoin-Themed Sneakers Sell Out, Prices Soar to $2500

By: Eva Baxter

Former US President Donald Trump's Bitcoin-themed sneakers have rapidly sold out, according to the Trump Sneakers website. Launched on July 31, the 1,000 pairs of the bright orange Bitcoin-themed high-top sneakers, priced at $499 for pre-order, all sold out within hours. The site also offers other sneaker models, including black high-tops and orange low-tops, both priced at $299. A special feature includes fifteen pairs of the black model and four pairs of the orange low-tops bearing Trump’s signature.

Remarkably, pre-ordered sneakers are being resold on eBay at up to $2,500, with sellers promising delivery between September and November. Trump’s website, which also offers various Trump-themed merchandise like perfumes and items emblazoned with his slogans and the American flag, states that CIC Ventures LLC is licensed to use Trump's name and likeness. However, it clarified that the sneakers are neither designed nor sold by Trump or his associates and are not connected to his political campaign.

Trump’s Pro-Crypto Move

This sneaker release follows Trump’s recent speech at the Bitcoin 2024 conference in Nashville, wherein he pledged that the US government would “never sell” its 210,000 Bitcoin holdings and any future acquisitions. He also promised to position America as a Bitcoin and crypto 'superpower.'

In his bid to return to the White House, Trump has made significant efforts toward the emerging crypto industry. He has promised to dismiss the US Securities and Exchange Commission (SEC) chair, Gary Gensler, and introduce multiple pro-crypto policies to bolster the industry's growth. These commitments have positively influenced his standing among notable crypto stakeholders.

According to Polymarket, a prominent crypto betting platform, Trump remains a strong contender for the November elections, despite a recent decline. He currently holds a 55% chance of winning, down from 72% recorded on July 16.