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 introduced, “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 anticipated to put the groundwork for a extra crypto-friendly regulatory setting, reflecting the marketing campaign’s strategic method to digital belongings.
Bailey additionally emphasised the marketing campaign’s dedication, stating, “We intend to lift a $100 million struggle chest for the marketing campaign to make sure the subsequent President of the USA is professional Bitcoin.”
This improvement 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 concept. 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 case you like crypto in any type, and it is available in numerous completely different kinds, 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 well 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 relatively 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 struggle us tooth and nail. A professional-Bitcoin presidency buys us 4 years of establishment at a minimal (possibly extra).” This angle highlights the important 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 challenge, it’s apolitical. Nonetheless, we are going to mobilize to defend ourselves.” He clarified that the group’s assist is extra about opposing the present administration relatively than an outright endorsement of Trump, saying, “We’re not voting for Trump per se, we’re voting in opposition to Biden. The one individual accountable 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 subsequent President of the USA.” This assertion underscores the growing recognition and potential clout of digital currencies in US electoral politics.
The dialogue between Trump, Bailey, and the broader cryptocurrency group suggests a major 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 challenge 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.
![Bitcoin price](https://bitcoinist.com/wp-content/uploads/2024/05/BTCUSD_2024-05-13_07-59-11.png?resize=1024%2C472)
Featured picture from Euronews, chart from TradingView.com