Trump, First President to Make a Bitcoin Transaction

Donald Trump made history by becoming the first President to make a Bitcoin transaction, purchasing burgers and beers at PubKey, a New York City bar and restaurant that accepts cryptocurrency ¹ ². This milestone marks Trump’s growing support for Bitcoin and cryptocurrency integration into everyday transactions.

The Transaction

Trump spent $998.70 on burgers for patrons using the Strike app, operating on the Lightning Network, while PubKey received the payment in Bitcoin through Zaprite ². A PubKey employee assisted Trump with the transaction, which he completed using a cellphone and tablet provided by the bar. Trump declared, “I just made the first transaction in Bitcoin,” receiving cheers from the crypto-enthusiastic crowd ².

Trump’s Crypto Stance

Trump has increasingly embraced Bitcoin and crypto during his 2024 presidential campaign. He pledged to make the U.S. the “crypto capital of the planet” and the “Bitcoin superpower of the world” if re-elected ². Trump also advocated for Bitcoin miners and addressed the 2024 Bitcoin Conference in Nashville.

Campaign and Crypto

Trump’s campaign began accepting cryptocurrency donations in May 2024, with Trump referring to himself as a “crypto candidate” ¹. His sons, Donald Trump Jr. and Eric Trump, co-founded World Liberty Financial, a cryptocurrency venture. Trump’s pro-Bitcoin stance contrasts sharply with President Joe Biden’s cautious approach.

Reactions and Impact

PubKey co-founder Thomas Pacchia called Trump’s presence “huge” and “iconic,” noting the impact of a high-profile figure endorsing Bitcoin ². Some supporters believe Trump’s pro-Bitcoin stance could sway voters. However, not everyone shared the excitement, as Trump was met by protesters outside the bar.

Key Takeaways

• Historic Transaction: Trump becomes the first U.S. President to use Bitcoin in a public transaction.
• Campaign Support: Trump’s campaign accepts cryptocurrency donations.
• Pro-Bitcoin Stance: Trump advocates for a Bitcoin-friendly U.S. environment.
• Contrast with Biden: Trump’s stance differs from Biden’s cautious approach.

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