Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.
During a campaign stop at Pubkey, a well-known bar in New York City that accepts cryptocurrency, Trump used Bitcoin to buy hamburgers.
The event, attended by Bitcoin advocate Anthony Pompliano, was shared on Trump’s Truth Social account and Pubkey’s social media.
This appearance comes shortly after Trump’s announcement of a new token through the World Liberty Financial crypto platform, operated by his family members.
Though Trump had previously dismissed Bitcoin as a “scam,” he now appears to be embracing the crypto world, even advocating for Bitcoin miners as part of his 2024 presidential bid.
Video footage from the event shows Trump handing out burgers, which he called “crypto burgers,” though Pubkey did not confirm whether the transaction used the Lightning Network.
Trump reportedly holds over $1 million in cryptocurrency, joining other former presidents like Bill Clinton who have dabbled in Bitcoin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Under President Nayib Bukele, El Salvador remains committed to its daily Bitcoin acquisition strategy, currently holding assets worth approximately $354.6 million.
After the long-awaited rate cut by the Federal Reserve, the crypto market started showing signs of recovery.