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Breaking News: BREAKING: Historic $109,500 Bitcoin High: Here’s What Analysts Predict Next
bitcoin

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

Ash Tiwari
by Ash Tiwari
8 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Donald Trump became the first former US President to use Bitcoin (BTC) for a commercial purchase when he completed a cryptocurrency transaction to pay for hamburgers at a New York City bar before a campaign rally.

Trump Uses Bitcoin To Pay For Hamburgers

The 2024 Republican presidential nominee was spotted at PubKey, a crypto-themed bar in Manhattan, where he purchased several hamburgers using BTC. According to a video released by Fox News, Trump can be seen receiving assistance from PubKey staff to complete a transaction on the Bitcoin network. 

Related Reading: How Trump Became Pro-Bitcoin: Report Reveals How It Happened

The video shows that the Strike app facilitated the transaction, powered by the Bitcoin layer-2 solution, Lightning Network. Notably, the transaction was worth $998.70 and was confirmed at block height 861871. It’s also worth noting that Trump holds over $1 million in cryptocurrencies.

Trump attempted to complete the transaction by scanning a QR code on PubKey’s point-of-sale tablet. However, when the initial transaction failed, a PubKey employee assisted him by scanning the code again and successfully processing the payment with BTC.

Trump dubbed the development ‘history in the making’ and continued engaging with other cryptocurrency enthusiasts at the bar. Thomas Pachhia, co-owner at PubKey called Trump’s purchase a ‘coming of age’ moment for Bitcoin. Trump addressed the audience, saying:

Everybody that’s a crypto guy, a crypto maniac as I call them, whether it’s Bitcoin or crypto, get out and vote because if you vote, we cannot lose. We want to get everybody who agrees with you people and what you’re doing, and there’s a lot of people; they’ve been treating you very badly with the SEC, but we’re going to treat you very fairly.

Trump’s remarks were aimed at the U.S. Securities and Exchange Commission (SEC), highlighting what he perceives as regulatory overreach against the crypto industry. Trump has publicly stated his intent to fire current SEC Chair Gary Gensler on his first day back in the White House.

Dramatic Change In Trump’s Stance Toward Crypto

While the former US President was previously critical of Bitcoin’s volatility during his term in office, his approach during the 2024 campaign has shifted significantly. He now embraces digital assets and even accepts cryptocurrency donations.

Related Reading: Pro-Bitcoin Move: Trump Campaign Gains Momentum With $852,000 BTC Donation From Investor

However, the Democratic presidential candidate and current Vice President, Kamala Harris, appears intent on putting a dent in Trump’s crypto-leaning voter base as she is reportedly leveraging the Coinbase Commerce platform to accept crypto donations for her 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
Bitcoin is trading at $62,918 on the weekly chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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