Donald Trump Buys Crypto Burger
September 18, 2023, New York City: In one of the latest and most surprising turns of events, former U.S. President and already-announced 2024 Republican nominee Donald Trump became the first ex-head of state to conduct a public transaction via Bitcoin.
While paying a campaign visit to Pubkey, a well-known bar with a Bitcoin-friendly status in New York City, he purchased 12 hamburgers using the cryptocurrency.
During the event, he handed out the purchased food to the supporters present at the scene, naming it “crypto burger.” Even though once he referred to Bitcoin as “a scam” and “based on thin air,” now Trump has officially become a cryptocurrency user.
Would Trump’s Presidential Campaign Be Successful?
In spite of the latest reports and speculations over Trump’s refusal to pay its debts to the contractors engaged in his campaign, the above-described event and Trump’s decision to change his presidential campaign strategy can lead to his success. At first, considering his public stand regarding his skepticism about the cryptocurrency, those people have been shocked observing Trump make use of the cryptocurrency as of the digital currency on that day, changing his behavior only under the negative impression of his opponents.
However, regarding the entire campaign for 2024, Trump’s advanced tactics include his protection of the interests of the Bitcoin miners and mentioning the benefits of the cryptocurrency’s functioning among the other digital assets. In addition, his new concept shifts to the expansion of his presence at the crypto world events, such as the one in Nashville, Tennessee.
Trump’s Changing Stance on Bitcoin
Several days after Donald Trump announced his new development of the crypto token created with a World Liberty Financial crypto platform, closely related to his family, the former President made another statement. It appears to be a noteworthy shift in the president’s perceptions, as he seems to include Bitcoin mining in his plans to run for president in 2024.
Moreover, the newly discovered support of crypto miners on the ex-leaser’s part significantly contradicts his previous statement which addressed the political move to stigmatize Bitcoin. Additionally, in June the former president visited the Bitcoin 2024 held in Nashville, TN, which appeared to be a substantial inclusion and acceptance of the crypto sphere in the world.
A Million-Dollar Crypto Portfolio
Having invested a million in crypto, Trump seems to have taken an interest in the digital currency market over buying a burger. However, the stake places him on the same side with the former USA president Bill Clinton. In 2016, Clinton involves in a coin-gifting ceremony and later received cryptocurrencies worth over $1 million.
Crypto in the 2024 Election
Down the path of the impending U.S. presidential election, Trump’s crypto move could be more than a publicity stunt—it might be an engineered play to put him on side with a younger, tech-savvy voter base. Trump Reportedly Owns ‘At Least $1 Million’ in Cryptocurrency, a Sign of Faith in the Future Economy?
His chief rival, Vice President Kamala Harris, has not focused her campaign on cryptocurrency the way that Trump has. The path of the crypto industry under the Biden administration is expected to continue with its more reserved approach, leaving some analysts thinking Harris is bound to follow suit. An adviser to one of her seniors told a reasonable guess that although Harris supports policies encouraging the industry, he does not expect that his approach will differ significantly from the regulatory framework put in place by the current administration.
Can Trump Win New York with His Crypto Advocacy?
Trump may well be looking at using Bitcoin to appeal to voters, or perhaps even just the crypto community. He contends he has “a legit shot at winning” New York in the electoral count this fall, despite its Democratic State since 1988. Kamala Harris? leads Trump by 16 points in CA while a fresh ActiVote poll from August, so his unconventional campaigning methods could persuade soft voters.
Whether this pro-crypto position will be rewarded with electoral success is yet to be discovered. But Trump’s heralded Bitcoin purchase has garnered significant interest from political analysts, crypto proponents and mainstream media around the globe.
A Sign of Things to Come?
Of all the topics he covered, Trump using Bitcoin to buy burgers might seem relatively minor, however its an example of how digital currencies are being introduced into mainstream political campaigns more widely. It is obvious that Trump views the burgeoning cryptocurrency industry as a significant, growing constituency in his quest for White House again — with just 48 days until the election. We shall see whether this catches on with voters or not, but it certainly underscores how Bitcoin and other digital assets are becoming an increasingly relevant part of the political conversation.
While the rest of the world watches us shake our barely-furrowed brow over the farce that is our election system, another clear point is being made: crypto has started to elbow its way into politics.