Bitcoin Burgers? Steak ‘n Shake’s Crypto Move Could Spark a $100K Rally!
Steak ‘n Shake to accept Bitcoin at all 400+ locations from May 16, joining the crypto wave. Will this drive BTC to new highs? Find out!
Fast-food chain Steak ‘n Shake is making waves by announcing it will accept Bitcoin (BTC) payments at over 400 U.S. locations starting May 16, 2025. and others, positions the chain as a pioneer in mainstream crypto adoption, potentially serving its 100 million annual customers with digital currency. As Bitcoin hovers around $100,000, this could signal a new era for crypto in everyday transactions.
What’s Happening?
Steak ‘n Shake’s decision follows a March 2025 X poll gauging interest in Bitcoin payments, reflecting growing demand. The chain joins global trends, with places like Cannes (90% of shops crypto-ready) and Panama City accepting BTC for public services. Using platforms like BitPay or Lightning Network, customers can pay for burgers and shakes with BTC, instantly converted to dollars to avoid volatility. This aligns with moves by retailers like Spar in Switzerland and even schools like Lomond in the UK accepting Bitcoin.
Steak ‘n Shake’s decision follows a March 2025 X poll gauging interest in Bitcoin payments, reflecting growing demand. The chain joins global trends, with places like Cannes (90% of shops crypto-ready) and Panama City accepting BTC for public services. Using platforms like BitPay or Lightning Network, customers can pay for burgers and shakes with BTC, instantly converted to dollars to avoid volatility. This aligns with moves by retailers like Spar in Switzerland and even schools like Lomond in the UK accepting Bitcoin.
Why It Matters
This move could normalize crypto for millions, boosting Bitcoin’s use as a payment method rather than just an investment. With Bitcoin’s market cap exceeding $2 trillion, mainstream adoption by brands like Steak ‘n Shake may push prices toward $105,000, especially if ETF inflows ($3.06 billion recently) continue. However, volatility remains a risk—Bitcoin dipped to $75,000 in April amid tariff fears. Regulatory uncertainty, like the GENIUS Act’s rejection, could also slow progress.
This move could normalize crypto for millions, boosting Bitcoin’s use as a payment method rather than just an investment. With Bitcoin’s market cap exceeding $2 trillion, mainstream adoption by brands like Steak ‘n Shake may push prices toward $105,000, especially if ETF inflows ($3.06 billion recently) continue. However, volatility remains a risk—Bitcoin dipped to $75,000 in April amid tariff fears. Regulatory uncertainty, like the GENIUS Act’s rejection, could also slow progress.
What’s Next?
If Steak ‘n Shake’s rollout succeeds, other chains may follow, accelerating crypto’s retail footprint. Bitcoin could test $103,000-$105,000 if sentiment stays bullish, but a drop below $91,594 risks a pullback to $88,000. Watch for similar moves by competitors like In-N-Out, rumored to be exploring crypto.
If Steak ‘n Shake’s rollout succeeds, other chains may follow, accelerating crypto’s retail footprint. Bitcoin could test $103,000-$105,000 if sentiment stays bullish, but a drop below $91,594 risks a pullback to $88,000. Watch for similar moves by competitors like In-N-Out, rumored to be exploring crypto.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
