Journalist
Published:
- Trump’s pro-crypto stance attracted attention but had no impact on his election chances, which were dwindling.
- Trump’s Bitcoin transaction highlighted his growing involvement in the cryptocurrency space.
After a recent assassination attempt and a disrupted livestream that left questions unanswered about World Liberty Financial, Donald Trump has once again made headlines.
Trump’s First Bitcoin Transaction
The Republican presidential candidate and former President of the United States was spotted at a popular New York City restaurant that accepts Bitcoin (BTC), making history by becoming the first former president to make a BTC transaction.
Source: Pubkey/X
Trump used the cryptocurrency to buy burgers at the event, which was also attended by Bitcoin advocate and CEO of Professional Capital Management Anthony Pompliano.
The moment, which was also shared on Trump’s Truth Social account, marked another notable turning point in Trump’s evolving relationship with digital currencies.
The community reacts
This was met with great enthusiasm by the crypto community as noted by Cash Loren who said:
“Trump is winning over everyone who is not far left.”
Another X user added to the fray:
Source: I Love America News/X
Reports suggest that Trump currently holds a cryptocurrency portfolio valued at over $1 million, highlighting his growing involvement in the digital asset space.
Impact on Bitcoin and MAGA
On the price front, BTC surpassed $60,000 and was trading at $62,025 after increasing by 3.04% in the last 24 hours, a significant milestone reached after several days of fluctuating prices.
Meanwhile, MAGA, the Trump-inspired memecoin, also saw an uptrend and was trading at $2.15 with a 3.12% increase during the same period.
Analyzing Trump’s Pro-Crypto Stance
This election cycle has seen Trump take the lead in prediction markets, largely due to his increasingly pro-crypto stance.
From his participation in the major Bitcoin conference in 2024 to the launch of Bitcoin-themed sneakers and his commitment to making the United States the “crypto capital of the world,” Trump’s strategic adoption of digital currencies has resonated with crypto enthusiasts and positioned him as a key figure in the evolving financial landscape.
However, the dynamics unexpectedly shifted on September 10, when Trump and Harris faced off in their first presidential debate, resulting in Trump losing ground while Harris gained the lead.
With his chances of winning the presidency fading, Trump sought to regain ground by announcing on September 12 that he would broadcast a live message on X (formerly Twitter) on September 16. Despite these efforts, his attempt failed to have the desired impact.
Polymarket trend worries Trump
Despite becoming the first former US president to use cryptocurrency in a transaction, Trump’s chances on Polymarket have diminished.
Previously, his support was 49% to Harris’ 50%, but as of September 19, Trump has fallen to 47% while Harris has jumped to the lead with 52%.
Source: Polymarket
So, with just 48 days to go until the US election, Trump’s path forward – and his potential impact on the nation – remains uncertain and bears close monitoring.
