Donald Trump, former President of the United States and current candidate, paid in Bitcoin to buy a hamburger at Pubkey. The New York bar, famous for accepting BTC, hosted Trump during his campaign. Bitcoin user Anthony Pompliano, who did not believe in the spectacle, also attended to witness the event.
Donald Trump and the Bitcoin (BTC) payment for a hamburger from Pubkey
Donald Trump, former President of the United States and current candidate, chose to stop by Pubkey, a New York bar famous for accepting Bitcoin as a payment method, during his campaign.
In fact, to ensure his support for the crypto leader, Trump made his first payment in BTC to buy a hamburger from Pubkey. Here is the announcement from the New York restaurant bar:
President @realDonaldTrump grabs a burger at @PubKey_NYC with @tpacchia.
Block height: 861871
pic.twitter.com/moHUIKDxej
In the financial world, the terms “bull” and “bear” are used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices. Investors often try to predict whether the market will be “bull” or “bear” in order to make informed decisions.
“One of the most historic transactions in#bitcoinhistory just happened. President @realDonaldTrump buys burgers at @PubKey_NYC with @tpacchia. Block height: 861871. You saw it here first.”
This is a historic event as Trump becomes the first former US president to use cryptocurrency in transactions.
Witnessing this spectacle, bitcoin investor Anthony Pompliano, CEO of Professional Capital Management, who was present at the event, also addressed the issue:
“President Trump just made the first bitcoin transaction by a US President. It took place at @PubKey_NYC in New York City. Unbelievable.”
Donald Trump and the Bitcoin Payment After Launching His Cryptocurrency WLFI
Trump appears to be increasingly getting involved in the world of crypto. The current payment in BTC from Pubkey comes two days after Trump launched his crypto company World Liberty Financial (WLFI).
WLFI is the governance token of the cryptocurrency project and will be based on the Ethereum blockchain. Currently, there is no announcement about its release date on the market or its value.
What is known about WLFI is that it will initially be non-transferable and sold only to accredited investors based on an exemption under Regulation D of the US Securities and Exchange Commission.
In this way, WLFI can be used to raise capital without registering securities with the agency, avoiding being subject to the usual SEC charges against cryptocurrencies.
World Liberty Financial is also associated with the sons of the US President, Donald Trump Jr and Eric Trump. Furthermore, the project’s tokenomics envisage that 63% of WLFI will be put up for sale, while 20% will be allocated to the team. The remaining 17% will instead be distributed later as rewards to users.
BTC price reaction
Looking at the Bitcoin (BTC) price chart, it seems that Trump buying hamburgers with BTC is a gesture that is appreciated by bitcoiners.
In fact, over the past 24 hours, BTC has increased by 2.75%. At the time of writing, BTC was worth $61,982 but a few hours ago, the price increased to $62,500.
This rally could take BTC's price range to new heights.