This week, Donald Trump became the first-ever elected U.S. President to pay for something with Bitcoin. This is another historic achievement by DJT.
Before his speech in Long Island, Trump bought burgers and beers for people who were hungry and thirsty at PubKey, a restaurant in Manhattan that accepts cryptocurrency.
As people cheered, Trump said, “I just made the first Bitcoin exchange.”
Big League Politics revealed that Trump has become very interested in Bitcoin and other cryptocurrencies in the past few months:
When he ran for office again in November, President Donald Trump said that he would make the United States the “Bitcoin ruler of the world.”
During his speech at the Bitcoin 2024 conference in Nashville, President Trump said, “I’m happy to be the first major party candidate in American history to accept donations in Bitcoin and crypto. They’ve made a lot of them, I might tell you, and I value it.”
Trump also said, “They will be mean, cruel, and do things you wouldn’t believe.” He added, “175 million people are involved in this world of crypto, Bitcoin, and these others in some way.”
Trump also said that the U.S. should start storing Bitcoin as a way to protect the country’s economic power and keep it safe from financial and economic danger.
He said, “It will be the policy of my administration to keep all bitcoin that the US government holds now or gets in the future as a core part of the strategic national bitcoin stockpile.”
“There will never be a CBDC while I’m president of the United States,” Trump said.
“I will always stand up for the right to self-custody… As soon as I take office, the abuse and use of weapons against your business will end,” Trump said.
There are leaders in the Republican Party, like Senator Cynthia Lummis (R-WY), who fully back Trump’s plan to support Bitcoin and other cryptocurrencies.
President Trump is now supporting Lummis’ Bitcoin reserve bill because she says this is “our Louisiana Purchase moment” and that her plan would “take the bitcoin President Trump just talked about and put it in the reserve—and that’s just the beginning.”
Author: Scott Dowdy
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