David Bailey, CEO of BTC Inc., revealed by way of X that he just lately spoke with former US President Donald Trump in a personal cellphone name about Bitcoin. Bailey’s put up instantly ignited discussions throughout the group, significantly in mild of Trump’s evolving stance on digital belongings and his resolution final week to pardon Ross Ulbricht.
Trump Is Bullish On Bitcoin
Bailey took to X to element his dialog with Trump, writing:“Just talked with Donald Trump and thanked him for keeping his promises to our industry and to Ross. I asked him if he wanted to share a message with the Bitcoin community…He said he’s with us 100%, we’re going to send Bitcoin to much greater heights, and we’re going to outcompete China and other countries that want to take it from us. Thank you President Trump for being the first Bitcoin President. Promises made, promises kept.”
Bailey, whose firm BTC Inc. is the dad or mum group of Bitcoin Journal, has lengthy been credited with serving to Trump shift his view on BTC from skepticism to assist.
Bailey responded to a barrage of questions from customers following his put up. One commentator requested if Trump was conscious of issues surrounding “shitcoins” within the US authorities’s stockpile of digital belongings. Bailey replied: “We talked for ~10 minutes. Covered a few topics, all Bitcoin related. I don’t think he’s aware of the concern and I didn’t raise it.”
One other consumer known as on Bailey to supply proof, suggesting subsequent time he ought to report the dialog. Bailey, nevertheless, underscored his dedication to privateness: “I would never record a private conversation with the President and share it publicly to score points on the internet.”
When requested how the decision took place, Bailey revealed:“He called me… I was notified ahead of time.” In a further assertion, Emily Bailey, Bailey’s spouse and head of promoting at BTC Inc., confirmed her husband’s account: “Can confirm. He called to say thank you, to David and to the Bitcoin industry. Most of the call was about Ross and Lyn, justice and peace. It was just a friendly moment.”
Trump’s Shift
David Bailey’s interactions with Trump started when the previous president was largely important of the BTC house. Over time, by means of private discussions, Bailey and different advocates emphasised the methods Bitcoin may foster American technological management and power independence.
These efforts culminated on the Bitcoin 2024 convention in Nashville, the place Trump publicly endorsed Bitcoin, reversing his beforehand skeptical stance. Throughout that occasion, he expressed a need for all remaining BTC to be “mined, minted, and made in the USA,” 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 net market—a promise he fulfilled on January 21, 2025, shortly after his inauguration for his second time period.
Since Trump’s crypto govt order establishing a “national digital asset stockpile,” there was a heated debate about which cryptocurrencies is likely to be included. Pierre Rochard, Vice President of Analysis at Riot Platforms, and several other different business leaders have accused Ripple of being the “biggest obstacle” to a purely BTC-focused reserve. They allege that Ripple is spending massive sums on lobbying efforts to broaden the reserve to a wider “crypto reserve,” presumably incorporating XRP.
Ripple’s executives have publicly denied any try to overshadow Bitcoin. They argue that diversifying the reserve to embody a number of digital belongings—together with BTC—bolsters American innovation, permitting for wider financial advantages and strong competitors in opposition to different nations coming into the digital asset race.
At press time, BTC was down -4.5%, buying and selling at $100,455.
Featured picture from YouTube, chart from TradingView.com
