Bitcoin Purchase: Trump Buys Burgers At NYC Bar As Elections Inch Closer

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As a seasoned crypto investor with over two decades of experience under my belt, witnessing Donald Trump’s recent Bitcoin transaction to purchase hamburgers at PubKey feels like a watershed moment in the evolution of digital currencies. It’s hard to believe that just a few years ago, Bitcoin was considered an obscure and risky investment, often associated with cybercriminals and drug dealers.

In an unprecedented move, Donald Trump, the former U.S. President, made history by using Bitcoin (BTC) to settle a retail transaction. Specifically, he paid for some hamburgers at a bar in New York City prior to a campaign rally with cryptocurrency.

Trump Uses Bitcoin To Pay For Hamburgers

2024’s potential Republican presidential candidate was recently seen at PubKey, a New York bar specializing in cryptocurrency, where he reportedly bought multiple burgers using Bitcoin. A video shared by Fox News shows Trump being helped by PubKey employees to carry out a Bitcoin transaction.

The video demonstrates how the Strike app handled a transaction using Bitcoin’s second-tier technology, Lightning Network, with a value of approximately $998.70, which was verified at block height 861871. Additionally, it is important to mention that Trump owns more than a million dollars in cryptocurrencies.

Trump tried to finalize the transaction by scanning a QR code on the PoS tablet provided by PubKey. Unfortunately, the first attempt didn’t go through. In response, an employee from PubKey stepped in, re-scanned the QR code and successfully processed the payment using Bitcoin instead.

As a researcher delving into the realm of cryptocurrencies, I found myself in a bustling pub where the conversation revolved around digital coins. Trump, a notable figure in this sphere, referred to the development as a significant historical milestone. Amidst the crowd of fellow enthusiasts, PubKey’s co-owner, Thomas Pachhia, viewed Trump’s investment as a pivotal moment that signified Bitcoin’s maturity. Addressing the audience, Trump emphasized the potential significance of this event in the ongoing evolution of digital currencies.

To all crypto enthusiasts, or as I like to call them, ‘crypto aficionados’, regardless if your passion leans towards Bitcoin or other cryptocurrencies: Exercise your right to vote! Your collective voice can make a difference. We aim to unite everyone who shares your beliefs and values, as there are many of you out there. The current regulatory environment might not have been kind to you, especially with the SEC, but we assure you fair treatment moving forward.

Trump’s comments targeted the United States Securities and Exchange Commission (SEC), emphasizing his view that excessive regulation is being applied to the cryptocurrency sector. In a public statement, Trump announced his plan to dismiss the current SEC Chair, Gary Gensler, as soon as he returns to the White House.

Dramatic Change In Trump’s Stance Toward Crypto

Previously serving as U.S. President, his stance on Bitcoin’s instability was quite clear during his tenure. However, in his 2024 campaign, there’s been a noticeable change in his perspective. Now, he openly supports digital currencies and even welcomes cryptocurrency donations.

On the other hand, it seems that the Democratic presidential nominee and current Vice President, Kamala Harris, is making efforts to impact Donald Trump’s supporters who are sympathetic towards cryptocurrencies by using the Coinbase Commerce platform to receive crypto donations for her election campaign.

Most recently, Trump announced the launch of a new decentralized finance (DeFi) venture named World Liberty Financial as part of his grand promise to make the US the ‘crypto capital of the world.’ At press time, Bitcoin is trading at $62,918, up 4.8% in the last 24 hours.

Bitcoin Purchase: Trump Buys Burgers At NYC Bar As Elections Inch Closer

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2024-09-20 05:41