David Bailey, CEO of Bitcoin Journal, has publicly introduced his collaboration with Donald Trump’s marketing campaign to forge a crypto-friendly agenda, probably shaping future US coverage on digital belongings. Utilizing the social media platform X, Bailey detailed his direct involvement in crafting a strategic imaginative and prescient for BTC and different cryptocurrencies beneath a possible Trump administration
A $100 million Battle Chest For Bitcoin
Bailey introduced, “For the previous month we’ve been working with the Trump marketing campaign to develop their Bitcoin and crypto coverage agenda. We proposed a complete government order for President Trump to signal on day 1.” This government order is anticipated to put the groundwork for a extra crypto-friendly regulatory atmosphere, reflecting the marketing campaign’s strategic strategy to digital belongings.
Bailey additionally emphasised the marketing campaign’s dedication, stating, “We intend to boost a $100 million battle chest for the marketing campaign to make sure the subsequent President of america is professional Bitcoin.”
This growth follows Trump’s current remarks on the Trump Playing cards NFT Gala, the place he criticized the present administration’s stance on cryptocurrencies. Trump quipped, “[Biden] has no thought. However look, [he’s] very a lot in opposition to it. The Democrats are very a lot in opposition to it.” He additional aligned himself with pro-crypto sentiments, indicating, “In the event you like crypto in any type, and it is available in a whole lot of completely different types, when you’re in favor of crypto, you higher vote for me.”
The announcement by Bailey sparked numerous reactions inside the crypto group. Sweep (@0xSweep), a widely known crypto influencer, commented, “Bitcoin doesn’t want Trump. Trump wants Bitcoin.” Bailey responded by emphasizing the mutual advantages of this alliance, suggesting a strategic partnership fairly than a one-sided dependency.
Bailey elaborated on the potential affect of a pro-BTC presidency, stating, “As Bitcoin’s trajectory turns into plain this cycle, the institution goes to battle us tooth and nail. A professional-Bitcoin presidency buys us 4 years of establishment at a minimal (perhaps extra).” This angle highlights the essential window of alternative for the Bitcoin and crypto group to solidify its place inside the US monetary system.
Addressing the political nuances, Bailey asserted, “Bitcoin just isn’t a partisan problem, it’s apolitical. Nevertheless, we are going to mobilize to defend ourselves.” He clarified that the group’s help is extra about opposing the present administration fairly than an outright endorsement of Trump, saying, “We’re not voting for Trump per se, we’re voting in opposition to Biden. The one particular person guilty for that’s Biden.”
Bailey additionally made a daring assertion concerning the group’s political affect: “It’s time for Bitcoin to elect the subsequent President of america.” This assertion underscores the rising recognition and potential clout of digital currencies in US electoral politics.
The dialogue between Trump, Bailey, and the broader cryptocurrency group suggests a big shift within the political panorama regarding digital belongings. Because the US presidential election approaches, the BTC insurance policies of candidates might change into a pivotal problem for successful the election, influencing not solely the way forward for regulatory landscapes but additionally the broader acceptance and integration of digital currencies within the US financial system.
At press time, BTC traded at $60,896.
Featured picture from Euronews, chart from TradingView.com