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Trump’s involvement in various crypto projects may be interpreted as part of his broader efforts to gain a huge following and support from the growing crypto community.
Key Notes
Donald Trump purchased burgers using Bitcoin.The act saw him become the first US President, sitting or former, to publicly use Bitcoin for any transaction.Former US President Donald Trump has yet again shown his undying support for Bitcoin BTC $62 014 24h volatility: 3.0% Market cap: $1.23 T Vol. 24h: $44.73 B and the crypto community at large. On Wednesday, Trump made an appearance at PubKey, a crypto-themed bar in New York City. While his stopover at the bar already sends a strong message about his commitment to crypto, the former president went even further by completing a Bitcoin transaction.
Donald Trump purchased burgers using Bitcoin, in an act that saw him become the first US president, sitting or former, to publicly use Bitcoin for any transaction.
A Historic Bitcoin Transaction
The visit to the Manhattan-based PubKey bar took place shortly before Trump’s rally, which was billed to take place in Long Island the same day. While at PubKey, Trump seized the opportunity to make the purchase.
According to a video from Fox News, which captured the moment, Trump was able to complete the transaction with the assistance of a PubKey staff. PubKey also confirmed the purchase via their official platforms.
Expectedly, news about the transaction quickly traveled, catching the widespread attention of both political and crypto communities.
It goes without saying that Trump has somewhat embraced cryptocurrency as part of his larger campaign strategy. The former president has always been vocal about his support for the digital currency space since he had a change of heart. That is, bearing in mind that he once held a skeptical view of the space.
Now, however, his recent position on the crypto subject may have established him as an advocate for blockchain technology and crypto innovation. While his burger business of Wednesday may be Trump’s latest alignment with the crypto industry, he has, on several occasions in the past, reiterated his commitment to the cause.
Just two days ago, Trump and several of his family members publicly backed World Liberty Financial, a newly-launched crypto project. The project launched on Monday and announced its governance token WLFI.
Is Trump Eyeing the Crypto Vote?
Trump’s involvement in various crypto projects may be interpreted as part of his broader efforts to gain a huge following and support from the growing crypto community. That much could be clearly seen in the message that the PubKey visit sends: that Trump is serious about aligning his presidential campaign with crypto enthusiasts.
In the earlier stages of his third bid for the presidency, Trump promised to make the US the “crypto capital of the planet”. So far so good, his recent moves have not derailed from these assurances. As a fact, if anything, it appears that Trump may now be intensifying his efforts to embrace financial technology as part of his economic vision for the country.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
