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Republican presidential candidate Donald Trump bought burgers at a New York City bar using bitcoin, making history as the first candidate to publicly use cryptocurrency.
“One of the most historic transactions in #bitcoin history just took place,” New York’s cryptocurrency-themed PubKey Bar said in a statement. x.com/PubKey_NYC/status/1836510708634390680″>mail on September 18, Day x. The transaction also made Trump the first president, current or incumbent, to use bitcoin in public.
The bitcoin purchase follows Trump's widespread embrace of cryptocurrencies after he vowed to become the “crypto president” if he wins back the White House in the November election.
Donald Trump aims to become the “president of cryptocurrencies”
The btc purchase came less than 48 hours after the Trump family announced the launch of its decentralized finance (DeFi) platform. Global financial freedom (Source: WLFI).
After the Trump family promoted the decentralized platform for several weeks, the project was officially introduced to the market and was met with both skepticism and enthusiasm.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.9006622516556″>
BREAKING NEWS: Donald Trump uses twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin paying in a bar in New York. image.twitter.com/ZAkeW5AH5g
— Watcher.Guru (@WatcherGuru) twitter.com/WatcherGuru/status/1836510214482284545?ref_src=twsrc%5Etfw”>September 18, 2024
Trump also attended the annual bitcoin 2024 conference earlier this year and made several optimistic promises to attendees at the event. Most notably, the Republican candidate said he would fire Gary Gensler if elected. He also said he would create a btc-backed federal reserve using all of the country’s seized bitcoin.
Trump also wants to make the United States the world capital of cryptocurrencies and said that all remaining cryptocurrencies… bitcoin It should be mined in the United States.
Trump’s embrace of cryptocurrencies, after calling bitcoin a “scam” when he was president, represents a notable change of course. Some analysts are questioning whether this shift is a genuine change or more of a temporary tactic to win votes.
Trump generated more than $7 million from his nft collections and owns more than $5 million in cryptocurrencies
Trump has launched numerous nft (non-fungible token) collections, featuring personal financial information Disclosures since earlier this year revealing that the former president has raised more than $7 million from them.
Data from Arkham Intelligence shows that Trump also owns over $5.98 million worth of cryptocurrencies. This comes after recent price increases boosted the value of his portfolio by over $102,000 in the past 24 hours.
ethereum (eth), USD Coin (USDC) and other smaller coins make up Trump’s portfolio. Data shows he owns 439,518 eth valued at approximately $1.2 million and 137,149 thousand USDC.
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