Former US President Donald Trump bought Burger with Bitcoin, leading to a trading price surge for several BURGER themed memes coins.
In what seemed like putting out feelers to the crypto memecoin community, Trump bought his fans ‘Burgers’ at PubKey, a Bitcoin-themed watering hole near New York University in Greenwich Village, and paid $998.70 in Bitcoins.
Trump’s Bitcoin stint lead to a surge in the market value of several Burger based memecoins, BurgerCities(BURGER) saw a jump of 10% and is currently trading at $0.4188. In fact, Floor Cheeseburger(FLRBRG) price also saw a surge of 6.5%, meanwhile Crypto Burger Price (BURGER) volume reached $10.93M in 6 hours and is currently trading at $0.056322.
Drew Armstrong, co-founder of PubKey shared that Trump bought dozens of burgers using Strike, a payment app built on the Lightning Network. The bar used the Zaprite app to receive Bitcoin and the diet cokes were on the house.
Trump, who was initially met with ‘boos’ outside the bar, was suddenly applauded by a crowd of Bitcoin loyalists and Trump supporters as he asked “Who wants a burger?”
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“Bitcoin is really happening,” Trump said, paying out the bill in the most popular cryptocurrency.
Trump’s decision to pitstop by a Bitcoin-themed bar was his latest effort to garner Presidential Elections support from the Bitcoin community as well as promoting his own crypto project new project called World Liberty Financial.
Trump has been timely making overtures to the crypto community for gaining support in the upcoming elections. In July, he attended the Bitcoin 2024 conference in Nashville, promising to make the US the crypto capital and appointing crypto friendly regulators.
Cofounder of PubKey, Thomas Pacchia, called Trump’s presence “huge,” “iconic” and influential for Bitcoin, as he said his transaction is the first time a former president has used Bitcoin to make a purchase.
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