Bitcoin Soars Above $63,000 After Trump Buys Burger
The price of Bitcoin has soared above $63,000 after former US President Donald Trump paid for his first Bitcoin purchase at a Pubkey bar in New York City, Cryptonews reports.
It was the first time the former president had publicly used Bitcoin for a transaction.
The event marks a significant moment for Bitcoin adoption.
Earlier this week, Trump announced the launch of a cryptocurrency token through World Liberty Financial, a platform he and his family have invested in.
Trumpâs growing involvement in the cryptocurrency community could impact public interest and investor confidence in the digital currency, potentially pushing prices higher.
Trumpâs connection to the Bitcoin community is notable given his criticism of the asset in the past.
The Republicanâs current stance could increase public awareness and investor confidence in Bitcoin. Thus, on Thursday, the BTC rate is growing for the third day in a row, having received support from the aggressive easing of the Fed policy the day before.
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