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Former President Donald Trump Has Become the First Ex-U.S. President to Use Bitcoin for Transactions

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Sep 19, 2024 pm 03:36 PM

BitcoinTrump Burgers

On September 18, Trump visited a popular New York City bar and restaurant known for accepting cryptocurrency. There, he paid for hamburgers using Bitcoin

Former President Donald Trump Has Become the First Ex-U.S. President to Use Bitcoin for Transactions

Former U.S. President Donald Trump made headlines on September 18 by becoming the first ex-president to use Bitcoin for transactions.

Trump visited a popular New York City bar and restaurant known for accepting cryptocurrency, where he purchased hamburgers with Bitcoin. According to a Pubkey on X (formerly Twitter) post, Trump bought a dozen hamburgers for $998.70, which he then distributed to attendees, jokingly calling them "crypto burgers."

Prominent Bitcoin advocate and CEO of Professional Capital Management Anthony Pompliano was present at the event, and the occurrence was also shared on Trump's Truth Social account.

This Bitcoin transaction follows Trump's recent announcement of a new token launch through the World Liberty Financial crypto platform, which is operated by his family members.

Despite previously criticizing Bitcoin as a "scam" and something "based on thin air," Trump has shown increasing support for cryptocurrency. He has included Bitcoin miners in his 2024 campaign and appeared at the Bitcoin 2024 conference in Nashville.

According to reports, Trump holds at least $1 million in crypto assets. Former President Bill Clinton is also known to own Bitcoin, which was gifted to him at a 2016 event.

With 48 days until the U.S. election, Trump is actively campaigning in New York, where he faces strong opposition. An August ActiVote poll shows Vice President Kamala Harris leading Trump by 16 points in New York.

While Harris's campaign does not center on crypto, she has expressed support for policies that foster industry growth. The political action committee Future Forward, which backs Harris, also accepts cryptocurrency donations.

This unique campaign moment highlights Trump's evolving stance on Bitcoin and its growing role in U.S. politics.

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