David Bailey, CEO of BTC Inc., revealed through X that he just lately spoke with former US President Donald Trump in a non-public cellphone name about Bitcoin. Bailey’s put up instantly ignited discussions throughout the neighborhood, significantly in mild of Trump’s evolving stance on digital property and his choice final 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 maintaining his guarantees to our trade and to Ross. I requested him if he wished to share a message with the Bitcoin neighborhood…He stated he’s with us 100%, we’re going to ship Bitcoin to a lot larger heights, and we’re going to outcompete China and different international locations that need to take it from us. Thanks President Trump for being the primary Bitcoin President. Guarantees made, guarantees saved.”
Bailey, whose firm BTC Inc. is the father or mother group of Bitcoin Journal, has lengthy been credited with serving to Trump shift his view on BTC from skepticism to help.
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 property. Bailey replied: “We talked for ~10 minutes. Lined just a few matters, all Bitcoin associated. I don’t assume he’s conscious of the priority and I didn’t elevate it.”
One other person known as on Bailey to offer proof, suggesting subsequent time he ought to file the dialog. Bailey, nevertheless, underscored his dedication to privateness: “I’d by no means file a non-public dialog with the President and share it publicly to attain factors on the web.”
When requested how the decision took place, Bailey revealed:“He known as me… I used to be notified forward of time.” In an extra assertion, Emily Bailey, Bailey’s spouse and head of selling at BTC Inc., confirmed her husband’s account: “Can affirm. He known as to say thanks, to David and to the Bitcoin trade. A lot of the name was about Ross and Lyn, justice and peace. It was only a pleasant second.”
Trump’s Shift
David Bailey’s interactions with Trump started when the previous president was largely vital of the BTC house. Over time, via private discussions, Bailey and different advocates emphasised the methods Bitcoin might 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 want for all remaining BTC to be “mined, minted, and made within 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 Highway darkish net market—a promise he fulfilled on January 21, 2025, shortly after his inauguration for his second time period.
Since Trump’s crypto government order establishing a “nationwide 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 trade leaders have accused Ripple of being the “largest impediment” 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 and overshadow Bitcoin. They argue that diversifying the reserve to embody a number of digital property—together with BTC—bolsters American innovation, permitting for wider financial advantages and strong competitors in opposition to different nations getting 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