David Bailey, CEO of BTC Inc., published by way of X that he just lately spoke with former US President Donald Trump in a personal telephone name about Bitcoin. Bailey’s publish straight away ignited discussions around the neighborhood, specifically in gentle of Trump’s evolving stance on virtual belongings and his determination ultimate week to pardon Ross Ulbricht.
Trump Is Bullish On Bitcoin
Bailey took to X to element his dialog with Trump, writing:“Simply talked with Donald Trump and thanked him for retaining his guarantees to our trade and to Ross. I requested him if he sought after to proportion a message with the Bitcoin neighborhood…He stated he’s with us 100%, we’re going to ship Bitcoin to a lot higher heights, and we’re going to outcompete China and different nations that need to take it from us. Thanks President Trump for being the primary Bitcoin President. Guarantees made, guarantees stored.”
Bailey, whose corporate BTC Inc. is the mother or father group of Bitcoin Mag, has lengthy been credited with serving to Trump shift his view on BTC from skepticism to make stronger.
Bailey spoke back to a barrage of questions from customers following his publish. One commentator requested if Trump used to be conscious about considerations surrounding “shitcoins” in the USA govt’s stockpile of virtual belongings. Bailey spoke back: “We talked for ~10 mins. Coated a couple of subjects, all Bitcoin comparable. I don’t suppose he’s conscious about the fear and I didn’t elevate it.”
Every other consumer referred to as on Bailey to supply evidence, suggesting subsequent time he must report the dialog. Bailey, alternatively, underscored his dedication to privateness: “I might by no means report a personal dialog with the President and proportion it publicly to attain issues on the net.”
When requested how the decision happened, Bailey published:“He referred to as me… I used to be notified forward of time.” In an extra observation, Emily Bailey, Bailey’s spouse and head of selling at BTC Inc., showed her husband’s account: “Can ascertain. He referred to as to mention thanks, to David and to the Bitcoin trade. Many of the name used to be about Ross and Lyn, justice and peace. It used to be only a pleasant second.”
Trump’s Shift
David Bailey’s interactions with Trump started when the previous president used to be in large part important of the BTC area. Over the years, thru private discussions, Bailey and different advocates emphasised the tactics Bitcoin may just foster American technological management and effort independence.
Those efforts culminated on the Bitcoin 2024 convention in Nashville, the place Trump publicly counseled Bitcoin, reversing his in the past skeptical stance. Right through that match, he expressed a need for all last BTC to be “mined, minted, and made in america,” and pledged to create a strategic Bitcoin reserve if re-elected. He additionally famously promised to pardon Ross Ulbricht, the founding father of the Silk Street darkish internet market—a promise he fulfilled on January 21, 2025, in a while after his inauguration for his 2d time period.
Since Trump’s crypto govt order organising a “nationwide virtual asset stockpile,” there was a heated debate about which cryptocurrencies may well be integrated. Pierre Rochard, Vice President of Analysis at Insurrection Platforms, and a number of other different trade leaders have accused Ripple of being the “greatest impediment” to a purely BTC-focused reserve. They allege that Ripple is spending massive sums on lobbying efforts to increase the reserve to a much broader “crypto reserve,” possibly incorporating XRP.
Ripple’s executives have publicly denied any try to overshadow Bitcoin. They argue that diversifying the reserve to surround a couple of virtual belongings—together with BTC—bolsters American innovation, making an allowance for wider financial advantages and strong festival towards different countries getting into the virtual asset race.
At press time, BTC used to be down -4.5%, buying and selling at $100,455.
Featured symbol from YouTube, chart from TradingView.com