As a seasoned analyst with over two decades of experience in financial markets and politics, I find this recent development involving former President Donald Trump and Bitcoin intriguing. The fact that a man who once referred to Bitcoin as a “scam” is now using it for transactions, and even advocating for miners, speaks volumes about the evolving nature of cryptocurrency and its growing influence in both the financial world and U.S. politics.
Previously elected U.S. President Donald Trump has made history as the first former American president to conduct transactions using Bitcoin. On September 18th, Trump dropped by a well-known New York City eatery and watering hole that accepts digital currencies. At this establishment, he purchased some burgers utilizing Bitcoin, generating buzz in the crypto community.
In a post by Pubkey on X (previously known as Twitter), the event was emphasized, and it came to light that Trump had purchased a dozen hamburgers totaling $998.70, which he later gave out to participants. These burgers were jokingly referred to as “crypto burgers.
At the gathering, there was Anthony Pompliano – a well-known proponent of Bitcoin and the head of Professional Capital Management. The event was additionally broadcasted on Donald Trump’s Truth Social platform.
This Bitcoin transaction came shortly after Trump announced the launch of a new token through the World Liberty Financial crypto platform, managed by his family members.
In spite of earlier criticisms labeling Bitcoin as a “scam” and having no tangible basis, Trump has been demonstrating growing enthusiasm towards cryptocurrency. He’s gone so far as to endorse Bitcoin miners within his 2024 election campaign and delivered a speech at the Bitcoin 2024 conference in Nashville.
It’s been suggested that Donald Trump owns over a million dollars worth of cryptocurrencies. Interestingly, it’s been noted that former President Bill Clinton was given Bitcoin during a 2016 event, indicating he may also be invested in this digital currency.
As the U.S. election draws nearer with only 48 days to go, Donald Trump is aggressively campaigning in the challenging state of New York. According to an August poll conducted by ActiVote, Vice President Kamala Harris leads Trump by a significant margin of 16 points in New York.
Although crypto hasn’t been the primary emphasis of Harris’s campaign, she has voiced approval for measures that foster the sector’s expansion. Additionally, the political action committee Future Forward – backing Harris – welcomes cryptocurrency donations.
This surprising instance emphasizes Donald Trump’s shifting views on Bitcoin, making it clear that the digital currency is gaining traction in American political circles.
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2024-09-19 07:48