Trump thus became the first former president in American history to use Bitcoin for payment.
Unconsciously, Trump has set a new record: the first former president in American history to use Bitcoin for payment.
On Wednesday local time, Trump appeared at PubKey, a cryptocurrency-themed bar in Manhattan, New York, and shouted loudly to treat everyone present to burgers.
The scene showed that the bar owner brought a Bitcoin payment code, and Trump tried to scan the code with a customized iPhone to pay, but was soon confused by modern technology. Then the bar owner and his assistant took over to complete the payment process. Amid the cheers on the scene, Trump showed his signature smile and shouted "History is being made."
It is reported that the former US president spent about $950 worth of Bitcoin to buy handmade hamburgers and Diet Coke at a price of $17 each for his fans at the scene.
By the way, after paying the Bitcoin, Trump turned around and commented on the Federal Reserve's 50 basis point interest rate cut to reporters - he said that if it was not political manipulation, then the US economy was already very bad.
While Trump was treating the guests, Bitcoin was gradually strengthening under the favorable factors such as the Federal Reserve's interest rate cut. The latest offer has exceeded $62,000.
1 Actively embrace the encryption industry
Although the 78-year-old Trump is unlikely to have a deep understanding of Bitcoin, he has made a number of policy commitments to the cryptocurrency industry this year.
At the bar on Wednesday, Trump told everyone that if he wins the election in November, he will immediately stop any work on the Federal Reserve's central bank digital currency.
Trump also told supporters at the scene that the U.S. Securities and Exchange Commission treated them very badly, and if he returned to the White House, he would fire SEC Chairman Gary Gensler on the first day. This promise also triggered enthusiastic applause from fans at the scene.
The former president also promised to make the United States the "global capital of cryptocurrency and Bitcoin" and create the United States' "Strategic Bitcoin National Reserve" and a special presidential advisory committee on cryptocurrency. Trump also kept calling on the onlookers not to forget to vote for him in November.
2 Business, it's all business!
For Trump, who once called Bitcoin a "scam," this year's change in position has more to do with practical considerations.
On one hand, there are votes and campaign funds. After he promised a more favorable regulatory environment at the Nashville Bitcoin Conference, the Trump camp has received millions of dollars worth of cryptocurrency political donations.
The other layer is family interests. Trump and his two sons unveiled a new cryptocurrency business on Monday. In limited details, they called the project, called "World Free Finance," a way to provide opportunities to people who cannot get financing from traditional banks.
It is worth mentioning that Trump, who came from a businessman background, is very good at using his campaign identity to sell peripherals, and the crypto market will naturally not be spared. According to campaign documents, Trump earned nearly $7.2 million in 2023 by granting licenses to NFT companies. The company is selling Trump-themed NFT "trading cards". At the end of last year, he also issued a special edition NFT, the main content of which is the red tie and suit he wore when he was arrested in Georgia.
(Source: Trump NFT)
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