Connect with us

Hi, what are you looking for?

Donald Trump uses Bitcoin to buy burgers at NYC bar
Donald Trump uses Bitcoin to buy burgers at NYC bar

Cryptocurrency

Donald Trump buys Bitcoin in NYC Bar, embracing cryptocurrencies in campaign stop article

Former President Donald Trump marked the first time a former president has used Bitcoin in a transaction when he made a historic purchase of it at Pubkey, a New York City pub known for accepting cryptocurrencies. This incident marks a significant change in Trump’s attitude on digital assets as he just introduced a new cryptocurrency token via the platform of his family. Purchasing hamburgers with Bitcoin was part of the deal, therefore highlighting Trump’s increasing involvement in the bitcoin market.

Former U.S. President and 2024 Republican contender Donald Trump made news in a noteworthy campaign event by using Bitcoin to purchase burgers at a New York City club known for embracing the cryptocurrency. Held on September 18 at Pubkey, this is a historic first for a former US president making a Bitcoin purchase.

According to a social media post from Pubkey, a venue known for its Bitcoin-friendly regulations, Trump visited and bought hamburgers paid with Bitcoin. Advocate of Bitcoin Anthony Pompliano also visited this unusual campaign stop and posted it on Truth Social, Trump’s social media website.

This look reflects Trump’s recent foray into the crypto space with the release of a new coin via the World Liberty Financial (WLFI) platform run under family control. Trump has lately showed support for Bitcoin miners as part of his 2024 campaign and even appeared at the Bitcoin 2024 conference in Nashville, after earlier characterizing Bitcoin as a “scam” and dismissiveness of cryptocurrencies as “based on thin air.”

The marketing staff of the pub claims that the Lightning Network did not handle the transaction at Pubkey, where Trump bought at least twelve burgers and called them “crypto burgers.” Said to have at least $1 million in cryptocurrencies, Trump has had a shifting view on digital assets. Vice President Kamala Harris, on the other hand, has concentrated on more general policy problems and neglected including cryptocurrencies into her campaign.

Trump’s Bitcoin purchase emphasizes his changing connection with cryptocurrencies as the U.S. election draws near, contrasting with his continuous campaigning activities in a state usually favorable of Democratic candidates.

Advertisement

You May Also Like

Cryptocurrency

The Polish Financial Supervision Authority (KNF) recently issued a public warning about Crypto.com's operations, citing potential regulatory violations. This advisory, while not an outright...

Business

WalletConnect Foundation and Reown have announced new UX standards for blockchain wallets to improve interactions and increase adoption. Through WalletGuide and WalletConnect Certified, they...

Cryptocurrency

Beginning in mid-2025, Detroit citizens will be able to pay taxes and local fees using bitcoin, as part of a new drive to modernize...

Cryptocurrency

In this week's Crypto Chronicle, we explore the potential impact of Donald Trump's presidential victory on the crypto world, Elon Musk's massive $20 billion...

polkadot
Polkadot (DOT) $ 5.08 0.46%
bitcoin
Bitcoin (BTC) $ 89,739.04 2.85%
ethereum
Ethereum (ETH) $ 3,216.38 0.29%
cardano
Cardano (ADA) $ 0.570325 5.90%
xrp
XRP (XRP) $ 0.69642 4.27%
stellar
Stellar (XLM) $ 0.123648 3.70%
litecoin
Litecoin (LTC) $ 78.98 6.61%