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ZyCrypto 2025-01-27 14:18:55

President Trump Reportedly Wants To “Send Bitcoin To Much Greater Heights”. Here’s The Full Gist

President Trump Reportedly Wants To “Send Bitcoin To Much Greater Heights”. Here’s The Full Gist

David Bailey, CEO of BTC Inc., has sparked excitement among crypto fans after revealing he had a private phone conversation with pro-crypto president Donald Trump. This comes after the president’s executive order proposing a strategic crypto reserve and his decision to grant Silk Road founder and BTC icon Ross Ulbricht a full and unconditional pardon . Trump Is Super Bullish On Bitcoin David Bailey wrote in an X post that he had spoken with President Trump and thanked him for keeping his promises to the crypto industry and Silk Road founder 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 opined. The BTC Inc. CEO responded to a flurry of questions from X users under his post. One commentator asked how the call came about, with Bailey revealing that the president called him. “I was notified ahead of time,” he added. Another user asked for proof, telling Bailey to record the phone conversation next time for the doubting Thomases. However, the pundit stressed his commitment to privacy: “I would never record a private conversation with the President and share it publicly to score points on the internet.” One commentator asked whether Trump was aware of uneasiness surrounding the possibility of “shitcoins” being included in the US government’s national stockpile. 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.” Trump And Bitcoin: From ‘Not A Fan’ To A Crypto President As you may already know, President Trump was once a staunch crypto critic. Back in 2019, he made it clear that he was “not a fan of Bitcoin” and other cryptocurrencies as they were “based on thin air.” Trump reiterated his beliefs during a Bitcoin bull run in 2021. “Bitcoin just seems like a scam,” he told Fox Business at the time, asserting that he wanted the greenback to remain the world’s top currency. But it was just last year when Trump really upped the pro-crypto talk, slamming former President Joe Biden and Democrats for being “against it.” But the most tangible sign of Trump’s embrace of crypto came when he spoke at the 2024 Bitcoin Conference in Nashville, Tennessee. There, he promised Bitcoiners that he would create a national strategic Bitcoin reserve and that he planned to turn the U.S. into the “crypto capital” of the world. And last week, Trump signed his first crypto-related executive order , formally establishing a Presidential Working Group on Digital Asset Markets to work on developing a federal regulatory framework for digital assets and to assess the establishment of a “strategic national digital assets stockpile.” The EO also prohibits establishing, issuing, circulating, or using central bank digital currencies (CBDCs) in the United States.

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