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Coinpaprika 2025-01-15 07:15:49

Trump Owns Significant Amount of Bitcoin, Bailey Reveals

Donald Trump , the President-elect of the United States, reportedly owns a substantial amount of Bitcoin . This revelation came on January 14, when Adam Back, a prominent figure in the cryptocurrency space and CEO of Blockstream, shared a video on X (formerly Twitter) discussing the matter. The video features David Bailey, a cryptocurrency advisor to Trump during his presidential campaign and organizer of a Bitcoin conference where Trump declared his intention to adopt Bitcoin as a strategic reserve asset. Bailey stated, “Trump told me he owns a significant amount of Bitcoin.” While avoiding specifics, he hinted at the sizable nature of Trump’s holdings, saying, “I won’t disclose the number, but even back then, it was significant. The value has only increased since.” Bailey, in a conversation with Michael Saylor on December 31, elaborated further, noting, “It’s about alignment. What benefits Bitcoin benefits all of us.” This perspective underscores Trump’s interest in leveraging Bitcoin as part of a broader economic strategy. Adam Back, widely acknowledged in the Bitcoin community and credited in its whitepaper for his work on mining-related technology, remarked, “People seem unaware of this fact.” Back’s company, Blockstream, is actively engaged in advancing Bitcoin technology and adoption, including projects in El Salvador.

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