Gairika Mitra
Republican Presidential candidate Donald Trump made headlines on Wednesday when he used Bitcoin to pay his bill at a bar in New York City. This marked the first time a U.S. president has publicly used cryptocurrency for a transaction.
YouTuber Dom Lucre (@dom_lucre) took to X to share this news.
🔥🚨BREAKING: President Trump just paid his tab in a NYC bar using Bitcoin making this the first public crypto transaction by a president. pic.twitter.com/Df5PWFSsfR
— Dom Lucre | Breaker of Narratives (@dom_lucre) September 18, 2024
The pub’s owners proudly announced that this was the first transaction by a president on the Bitcoin protocol. After completing the purchase, Trump remarked, “History in the making.”
As part of the event, Trump distributed burgers to patrons, branding them as “crypto burgers.” While he paid for the food, Diet Cokes were offered free of charge to everyone present. During his visit, Trump expressed enthusiasm for Bitcoin, stating, “Bitcoin is really happening,” as he mingled with supporters and bar-goers.
Trump’s Vision for Cryptocurrency – World Liberty Financial
The Shib Daily previously reported Trump launching his crypto venture World Liberty Financial. The former President expressed his enthusiasm on an X Spaces live stream on the launch by saying, “Crypto is one of those things we have to do. Whether we like it or not, we have to do it.”
Trump and the other speakers during the live stream shared that World Liberty Financial will function as a banking platform. It will help users lend, borrow, and invest in crypto.
The livestream also covered the WLFI token. The founding team, composed of members of the Trump family, owns 20% of the tokens. An additional 17% is allocated for user rewards, while the remaining 63% is available for public purchase. There will be no pre-sales or early buy-ins. The token will adhere to SEC Regulation D, enabling fundraising without prior registration.
However, skepticism surrounds WLFI. People have already started questioning whether it aims to genuinely revolutionize the financial landscape or if it is merely a gimmick.
Many people expressed their disappointment over the livestream, calling it a “wasted opportunity.” Some people even said, “It was a long sales pitch.”
Even though Trump had talked optimistically about crypto and expressed his desire to leave the “slow and outdated banks” behind, it seems like a lot still needs to be done.
On the positive side, however, analyst Satoshi Sniper (@SatoshiSniper_) called Trump making the first crypto transaction as “massive.”
The former U.S. president had earlier made promises like making the U.S. the “crypto capital” of the planet. He also started accepting donations in crypto in May when he declared himself as a “crypto candidate” back then.
Read More
Trump to Launch World Liberty Financial, Calls Big Banks ‘Slow and Outdated’
Trump World Liberty Fi: DeFi Revolution or Distraction Tactic?
Trump’s Crypto Venture: More Questions Than Answers
Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
