David Bailey, CEO of BTC Inc., revealed that he spoke with former President Donald Trump about Bitcoin, and let’s just say, the conversation sparked some serious hype.
Bailey shared his insights on X, highlighting Trump’s newfound enthusiasm for digital assets, especially after his decision to pardon Ross Ulbricht last week.
Bitcoin to the Moon?
Bailey recounted his call with Trump, where he thanked him for supporting the Bitcoin community. Trump responded quite enthusiastically.
“I’m with you 100%! We’re going to send Bitcoin to much greater heights and outcompete China and other countries trying to take it from us.”
Bailey couldn’t help but praise Trump as the “first Bitcoin President,” noting how he’s kept his promises to the industry.
After Bailey’s post, fans flooded him with questions. One user asked if Trump was aware of concerns regarding shitcoins in the government’s digital asset stockpile.
Bailey replied that their chat lasted about ten minutes and was solely focused on Bitcoin, so he didn’t think Trump was aware of those worries.
Power of lobby
When pressed for proof of the conversation, Bailey stood firm on his commitment to privacy, stating he wouldn’t record a private call with the President just to show off online.
He added that Trump called him directly and expressed gratitude towards Bailey and the Bitcoin community.
Bailey has played a pivotal role in changing Trump’s view on Bitcoin from skepticism to support. Their discussions have highlighted how Bitcoin can enhance American technological leadership and energy independence.
This shift culminated at the Bitcoin 2024 conference in Nashville, where Trump publicly endorsed Bitcoin and even promised to create a strategic reserve if re-elected.
Bitcoin only?
Since then, there’s been heated debate over which cryptocurrencies might be included in this reserve.
Some industry leaders have accused Ripple of trying to broaden the reserve beyond just Bitcoin, claiming it could undermine a purely BTC-focused strategy.
As Trump continues to navigate the complexities of cryptocurrency regulation, his support could impact the market on a big way, that’s for sure.
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