Key Points:
Read more: Former President Donald Trump Promises Harsh Tariffs To Strengthen USD
On September 19, Trump visited the famous crypto-themed bar PubKey Bar in New York and purchased hamburgers using Bitcoin. The Donald Trump burger purchasing is historic in that for the first time ever, a former US president has publicly used any form of cryptocurrency to make a purchase.
In Trump’s case, the transaction came out to $998.70 for several dozen burgers paid via Strike-one of the most popular apps utilizing the Lightning Network. The bar utilized Zaprite on the receiving end to process the Bitcoin payment.
Drew Armstrong, the co-founder of PubKey, confirmed that he did indeed sell them and that the former president even distributed the burgers himself, labelling them playfully as “crypto burgers.” The action was met with fanfare in the bar and only served to further clinch his latest involvement in the cryptocurrency world.
The whole Donald Trump burger purchasing has attracted massive attention, considering how much Trump in the past has expressed a lot of scepticism towards cryptocurrency. Many are guessing if this change of heart could be part of his campaign strategies aimed at securing crypto enthusiasts’ votes. The move also came after an assassination attempt on Trump’s life put him under even closer scrutiny.
Aside from the burger transaction, Trump recently announced the launch of a private token through World Liberty Financial. The new token will allow holders to vote on matters of governance much like voting shares work in publicly traded companies.
Whether this is a true Trump crypto-epiphany or just a campaign gimmick, of course, is open to question. What it does mean is that the erratic billionaire’s public career now has a whole new chapter opened in politics and in the world of high finance: Bitcoin.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…
Don't miss BTFD Coin's Stage-7 presale dip! Find out why it's leading the pack of…
A WSJ survey reveals crypto hedge funds banking issues over three years, with 120 out…
GraniteShares Crypto ETFs aim to offer leveraged exposure to crypto-focused stocks like Riot Platforms and…
This website uses cookies.