Trump Completes Initial Bitcoin Transaction
Republican presidential candidate Donald Trump stated that using cryptocurrency is “very easy.” Read the full article at RT.com.
Donald Trump made headlines by using Bitcoin to purchase cheeseburgers and beer for his supporters at a bar in New York City on National Cheeseburger Day. This event marked Trump as the first sitting or former U.S. president to complete a transaction using the world’s leading cryptocurrency, according to various media reports.
The Republican candidate stopped by PubKey, a Bitcoin-themed bar and restaurant in Manhattan, just before his campaign rally in Long Island on Wednesday. The 78-year-old received assistance from the bar's staff to complete the transaction using his phone along with a tablet provided by PubKey.
“I just made the first transaction in Bitcoin,” Trump declared, eliciting cheers from the crowd of Bitcoin enthusiasts who filled the venue. He remarked that paying with cryptocurrency was “very easy.”
“They have been treating you very badly at the SEC and we are going to treat you very fairly,” Trump addressed the attendees. “Get out and vote because if you vote, we cannot lose,” he encouraged.
The purchase of burgers was described by one of PubKey’s owners, Thomas Pacchia, as “one of the most important Bitcoin transactions of all time.” He expressed excitement about Trump's visit and the support it brought to the Bitcoin community.
Since its introduction in 2009, Bitcoin has seen its value soar by over 500% in the past five years, with the current price exceeding $61,000.
Recently, Trump and his children announced the launch of their own cryptocurrency project, World Liberty Financial. Details on the venture remain limited, but it is anticipated to offer a borrowing and lending service for trading cryptocurrencies. According to Donald Trump Jr., this initiative aims to assist entrepreneurs who face challenges obtaining financing from traditional banks.
Trump's stance on cryptocurrencies appears to have shifted during this presidential campaign. In 2021, he labeled them a “scam” and referred to the potential risks associated with them, asserting that the dollar should remain “the currency of the world” and that investing in crypto “hurts the US currency.”
Navid Kalantari for TROIB News