First in history, Bitcoin was used as payment for transactions by Donald Trump, former President of the United States. This transaction took place at a bar in New York City.
With an end that is considered no longer young, 78 years, this action has received praise. The reason is, that Trump showed adaptation to modern technology by using cryptocurrency to pay for burger and beer orders at PubKey, a famous restaurant and bar in Manhattan that accepts Bitcoin.
PubKey: A Historic Place for Bitcoin Transactions
PubKey is not just an ordinary bar, this place is known as one of the pioneers in accepting Bitcoin as a means of payment. Before Trump attended a rally on Long Island, he stopped at PubKey and made a Bitcoin transaction.
With the help of a PubKey employee, Trump used the bar’s cell phone and tablet to complete the payment.
This moment was greeted enthusiastically by the customers at the bar, especially those who are Bitcoin fans.
One customer even shouted, “Make Bitcoin great again,” as a form of support for Trump’s move. In a post on social media, PubKey called this transaction one of the most historic moments in the world of Bitcoin.
The Rise of Bitcoin and Trump’s Support of Cryptocurrencies
Bitcoin, whose price has soared more than 500% in the past five years, is now priced at around $61,248.50 per Bitcoin.
In fact, when this article was written on September 19, Bitcoin price had increased by +2.95% and was at $61,919. Increased quite significantly compared to the previous day which was below $59K.
The significant increase in Bitcoin’s value has attracted the attention of investors, including public figures such as Donald Trump.
Trump’s use of Bitcoin in PubKey is not just a symbolic stunt, but also part of a larger push to support cryptocurrencies.
A few days earlier, Trump talked about cryptocurrencies when launching World Liberty Financial, a new venture in the crypto space founded by entrepreneur Steve Witkoff with two of Trump’s sons, Donald Trump Jr. and Eric Trump.
During an event at X Spaces promoting World Liberty Financial, Trump explained that his sons, including 18-year-old Barron Trump, encouraged him to understand and accept cryptocurrency.
Trump even revealed that Barron has several digital “wallets,” which refers to places where Bitcoin and other crypto assets are stored.
“He was talking about his wallet, he had four wallets or something,” Trump said, reflecting his admiration for his son’s understanding of the technology.
Trump’s Ambition to Make America the “Crypto Capital of the Planet”
Trump’s move to use Bitcoin in PubKey is not just a moment in time, but reflects a larger vision for the future of the US in the world of cryptocurrency.
In July, Trump promised to make the United States the “crypto capital of the planet” and “Bitcoin superpower of the world” if he is re-elected president.
Trump also said that if Bitcoin were to go “to the moon,” a term often used in the crypto community to describe its extraordinary price rise, he would want America to lead this revolution.
At the Bitcoin 2024 Conference in Nashville, Trump expressed his commitment to supporting Bitcoin and other cryptocurrencies. He also criticized the policies of President Joe Biden and Vice President Kamala Harris, which he called a “war on crypto.”
Additionally, Trump promised to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler, who is currently leading a regulatory crackdown on digital currencies. For Trump, regulations that are too strict will only hinder the growth of a dynamic and innovative crypto industry.
Trump Campaign and Acceptance of Donations in Crypto
Trump’s commitment to cryptocurrencies is also visible in his campaign moves. In May, the Trump campaign began accepting donations in crypto.
In the announcement, Trump proudly called himself a “crypto candidate,” or a candidate who fully supports digital currency.
Conclusion
Donald Trump’s move using Bitcoins in transactions on PubKey marks a new era in which cryptocurrencies are increasingly accepted in everyday life, even among major political figures such as former US Presidents. This proof us that Bitcoin to USD can be convert in transaction in the public area like PubKey.
With his ambition to make America the world’s crypto hub, Trump clearly sees huge potential in this technology.
With the support of his family, including his younger son Barron, Trump appears ready to lead the US towards a future more connected to the digital world and cryptocurrencies.
If re-elected, Trump promises to fight for Bitcoin and end policies he sees as barriers to crypto innovation.
Meanwhile, the historic moment in PubKey remains one of the most important milestones in Bitcoin’s development, signaling the growing role of cryptocurrency in global life and politics.
This press release has also been published on VRITIMES