David Bailey, CEO of Bitcoin Journal, has publicly introduced his collaboration with Donald Trump’s marketing campaign to forge a crypto-friendly agenda, doubtlessly 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 underneath a possible Trump administration
A $100 million Conflict Chest For Bitcoin
Bailey announced, “For the previous month we now have been working with the Trump marketing campaign to develop their Bitcoin and crypto coverage agenda. We proposed a complete govt order for President Trump to signal on day 1.” This govt order is predicted to put the groundwork for a extra crypto-friendly regulatory surroundings, 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 following President of the USA is professional Bitcoin.”
This growth follows Trump’s latest remarks on the Trump Playing cards NFT Gala, the place he criticized the present administration’s stance on cryptocurrencies. Trump quipped, “[Biden] has no concept. However look, [he’s] very a lot towards it. The Democrats are very a lot towards it.” He additional aligned himself with pro-crypto sentiments, indicating, “Should you like crypto in any type, and it is available in numerous completely different kinds, in the event you’re in favor of crypto, you higher vote for me.”
The announcement by Bailey sparked numerous reactions throughout 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 influence of a pro-BTC presidency, stating, “As Bitcoin’s trajectory turns into simple this cycle, the institution goes to struggle us tooth and nail. A professional-Bitcoin presidency buys us 4 years of established order at a minimal (possibly extra).” This attitude highlights the essential window of alternative for the Bitcoin and crypto group to solidify its place throughout the US monetary system.
Addressing the political nuances, Bailey asserted, “Bitcoin shouldn’t be a partisan concern, it’s apolitical. Nevertheless, we’ll mobilize to defend ourselves.” He clarified that the group’s assist 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 towards Biden. The one individual responsible for that’s Biden.”
Bailey additionally made a daring assertion in regards to the group’s political affect: “It’s time for Bitcoin to elect the following President of the USA.” 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 may grow to be a pivotal concern for profitable 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