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Final evening, President-elect Donald Trump’s son, Eric Trump, posted a photograph of himself at Mar-a-Lago with MicroStrategy Govt Chairman Michael Saylor with the caption, “Two pals, one ardour: Bitcoin.”
That is so unbelievably bullish — let me clarify.
For the final 4 years, below the Biden-Harris administration with complete Democrat management, the U.S. authorities did their greatest to terrorize this business and assault us. The overwhelming majority of the Democrat social gathering didn’t help Bitcoin and adopted Elizabeth Warren’s lead on demonizing the business and its contributors. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized beneficial properties, stopped pro-Bitcoin laws from being signed into regulation, de-banked business contributors by way of Operation Chokepoint 2.0, refused to help Bitcoin in any significant manner, and a lot extra.
They have been actually anti-Bitcoin. If Kamala Harris had gained the presidential election, their reign of terror on Bitcoin would have continued for a minimum of 4 extra years. However now, the Democrats’ struggle on Bitcoin in America is lastly coming to an finish. And a brand new administration is coming in — they usually love Bitcoin.
Donald Trump just isn’t even formally in workplace but, and his household is already inviting Michael Saylor to his property in Mar-a-Lago to debate Bitcoin additional. This isn’t the primary time he’s finished one thing like this both, like in 2024 when Trump invited American Bitcoin mining giants there to study extra in regards to the business and what he must do to greatest help them.
You will need to word that simply two weeks in the past, Saylor stated on Bloomberg that he can be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I feel it’s protected to take a position that one thing massive is likely to be brewing right here.
The Trumps perceive Bitcoin and proceed to point out their help for the asset and business. Eric Trump just lately gave an amazing speech on the Bitcoin MENA Convention in Abu Dhabi, explaining the traits that make Bitcoin a useful asset whereas additionally sharing his household’s private expertise being de-banked, and the way Bitcoin protects people from being cancelled. Donald Trump Jr. made an look on the Bitcoin 2024 Convention in, alongside along with his father, and confirmed numerous help for this asset and business.
Donald Trump has dedicated to releasing Bitcoiners (Ross Ulbricht) from jail, signal pro-Bitcoin laws into regulation, work with the business to assist us thrive, finish Operation Chokepoint 2.0, appointed an official Crypto Czar, stated “Bitcoin and crypto will skyrocket like by no means earlier than” below his administration, and a lot extra.
Even if you happen to’re not a fan of Trump, you need to acknowledge and provides him and his household credit score for the great work they’re doing to make a regulatory pleasant atmosphere for this business to thrive in. Think about all this business can accomplish over the subsequent 4 years being supported by the President, permitting us the room to innovate and construct with out worry of being harassed and demonized by our personal authorities. I might say the sky is the restrict nevertheless it’s even higher than that.
4 years is a very long time, particularly on this business. Heaps can occur throughout that point and I’m extremely bullish on the way forward for Bitcoin in America below this incoming Trump administration.
Michael Saylor: “Bitcoin is on the menu at Mar-a-Lago.”
AMERICA IS EMBRACING #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd
— Nikolaus Hoffman (@NikolausHoff) January 3, 2025
This text is a Take. Opinions expressed are solely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.