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.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.
Philippe Laffont, the billionaire behind Coatue Management, is beginning to question his stance on Bitcoin.
Personal finance author Robert Kiyosaki is urging investors to rethink their approach to money as digital assets reshape the economic landscape.