payment in Bitcoin in a bar in New York

Donald Trump, former President of the USA and current candidate, made a payment in Bitcoin for the purchase of a hamburger at Pubkey. The New York bar, famous for accepting BTC, hosted Trump during his election campaign. To witness the event, bitcoiner Anthony Pompliano, incredulous of the scene, also took part. 

Donald Trump and the payment in Bitcoin (BTC) to purchase the hamburger from Pubkey

Donald Trump, former USA President and current candidate, during his election campaign chose to make a stop at Pubkey, a bar in New York known for accepting Bitcoin as payments. 

In fact, to guarantee his support for the leader of the crypto, Trump made his first payment in BTC to buy a hamburger from Pubkey. Here is the announcement from the bar restaurant in New York:

In the financial world, the terms “bull” and “bear” are used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices. Investors often try to predict whether the market will be “bull” or “bear” to make informed decisions.

“One of the most historic transactions in the history of #bitcoin has just been made. President @realDonaldTrump buying hamburgers at @PubKey_NYC with @tpacchia. Block height: 861871. You saw it here first.”

This is a historic event, as Trump becomes the first former president of the United States to use cryptocurrency in a transaction. 

To witness the scene, then, the bitcoiner Anthony Pompliano, CEO of Professional Capital Management, present during the event, also took care of it:

“President Trump has just made the first bitcoin transaction by a President of the United States. It happened at @PubKey_NYC in New York City. Incredible.”

Donald Trump and the payment in Bitcoin after the launch of his crypto WLFI

Trump seems to want to increasingly insert himself into the world of crypto. The current payment in BTC from Pubkey comes after two days ago, Trump launched his crypto World Liberty Financial (WLFI). 

WLFI is the governance token of the crypto project and will be based on the Ethereum blockchain. At the moment, it has not yet been announced when it will be released on the market nor its value. 

What is known about WLFI is that initially it will not be transferable, and it will be sold only to accredited investors based on the Regulation D exemption of the Securities and Exchange Commission of the USA. 

In this way, WLFI can be used to raise capital without registering security with the agency, avoiding becoming the subject of the usual accusations against crypto, by the SEC. 

World Liberty Financial also involves the sons of the USA President, Donald Trump Jr and Eric Trump. The tokenomics of the project, moreover, foresees that 63% of WLFI will be put up for sale, while 20% will be allocated to the team. The remaining 17% will instead be distributed later as rewards for users. 

The reaction of the BTC price

Looking at the chart of Bitcoin (BTC) price, it seems that the purchase of the hamburger in BTC by Trump was a gesture appreciated by bitcoiners.

In the last 24 hours, in fact, BTC has risen by 2.75%. At the time of writing, BTC is worth $61,982 but a few hours ago it had risen to $62,500. 

This price pump could take the price oscillation range of BTC to the next step.