Key Points
- Former US President Donald Trump publicly used Bitcoin for the first time.
- Trump’s engagement with cryptocurrencies could be part of his larger political strategy.
Former US President Donald Trump has once again demonstrated his unwavering support for Bitcoin and the larger cryptocurrency community.
On a recent Wednesday, Trump appeared at PubKey, a cryptocurrency-themed bar in New York City. His visit to the bar sent a clear message about his dedication to cryptocurrencies.
Historic Bitcoin Transaction
Trump took his commitment a step further by completing a Bitcoin transaction. He purchased burgers with Bitcoin, becoming the first US president, current or former, to publicly use Bitcoin for a transaction.
The visit to PubKey in Manhattan happened shortly before a rally Trump was due to hold in Long Island. Trump took the opportunity to make the purchase while at the bar.
A video from Fox News captured the moment. Trump completed the transaction with the help of a PubKey staff member. PubKey confirmed the purchase on their official platforms.
News of the transaction spread quickly, attracting widespread attention from both political and cryptocurrency communities.
Trump’s Crypto Strategy
It’s clear that Trump has embraced cryptocurrency as part of his larger campaign strategy. He has been vocal about his support for the digital currency space ever since he changed his previously skeptical view.
His recent stance on cryptocurrency has established him as a proponent of blockchain technology and cryptocurrency innovation. While his burger purchase is his latest alignment with the crypto industry, he has repeatedly expressed his commitment to the cause in the past.
Just two days prior, Trump and several of his family members publicly supported World Liberty Financial, a new crypto project. The project launched and announced its governance token WLFI.
Trump’s involvement in various crypto projects could be seen as part of his broader efforts to gain support from the growing crypto community. This is clearly evident in the message that the PubKey visit sends: Trump is serious about aligning his presidential campaign with crypto enthusiasts.
In the early stages of his third bid for the presidency, Trump promised to make the US the “crypto capital of the planet”. His recent moves align with these assurances. In fact, it appears that Trump is now intensifying his efforts to embrace financial technology as part of his economic vision for the country.
