U.S. President Donald Trump shared his bullish stance on Bitcoin, signaling his unwavering support for the cryptocurrency and its future growth. The conversation, revealed by David Bailey, CEO of BTC Inc., has ignited discussions within the Bitcoin community, particularly after Trump’s evolving views on digital assets and his recent decision to pardon Ross Ulbricht, the founder of the Silk Road marketplace.
Bailey took to X (formerly Twitter) to share details of his phone call with Trump, stating: “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.”
Trump’s confidence in Bitcoin is clear. He emphasized that the U.S. would lead the charge in advancing Bitcoin’s influence on the global stage, asserting that America’s position in the digital asset world would surpass other nations like China. This conversation underlines Trump’s commitment to fostering the growth of Bitcoin and reinforcing the U.S. as a leader in digital asset innovation.
Trump’s relationship with Bitcoin has evolved over time. Initially, he was critical of the cryptocurrency, expressing skepticism about its potential. However, after extensive discussions with Bitcoin advocates like David Bailey, Trump began to understand Bitcoin’s broader potential for the U.S. economy. Bailey, whose company BTC Inc. is the parent of Bitcoin Magazine, played a key role in helping Trump recognize Bitcoin’s value as a tool for technological leadership and economic growth.
At the Bitcoin 2024 conference in Nashville, Trump publicly reversed his skeptical stance. He endorsed Bitcoin, promising that all remaining BTC would be “mined, minted, and made in the USA” if he were re-elected. Trump also vowed to establish a strategic Bitcoin reserve, a commitment that was later fulfilled when he pardoned Ross Ulbricht in January 2025, following his second-term inauguration.
Following the phone call, Bailey faced a flood of questions from the Bitcoin community, particularly about concerns surrounding the U.S. government’s stockpile of digital assets. One user asked if Trump was aware of the “shit coins” present in the government’s crypto reserve, such as altcoins or tokens outside of Bitcoin. Bailey replied that their conversation lasted around 10 minutes, focusing entirely on Bitcoin. He also confirmed that Trump was not made aware of the concerns surrounding other digital assets.
Bailey was quick to address another query, responding to a user who requested proof of the conversation. He emphasized his respect for privacy, stating, “I would never record a private conversation with the President and share it publicly to score points on the internet.”
Trump’s decision to create a “national digital asset stockpile” as part of his crypto executive order has drives debates within the cryptocurrency community. One point of contention involves Ripple, the company behind XRP, which has lobbied for the inclusion of more digital assets in the reserve, not just Bitcoin.
Pierre Rochard, Vice President of Research at Riot Platforms, and other industry leaders have criticized Ripple’s lobbying efforts, arguing that they may dilute the focus on Bitcoin. They claim that XRP and other altcoins could potentially undermine Bitcoin’s position as the central digital asset in the reserve. However, Ripple’s executives have denied these claims, insisting that a diversified reserve that includes multiple digital assets would benefit American innovation and foster healthy competition with other nations.
Trump’s recent comments on Bitcoin reflect a broader shift in how digital assets are perceived by political leaders. His focus on Bitcoin and commitment to advancing its adoption and integration into the U.S. economy may have long-term implications for the cryptocurrency space. By aligning himself with Bitcoin, Trump could position the U.S. as the global leader in cryptocurrency, making significant strides in energy independence and technological innovation.
With Trump’s strong endorsement, the Bitcoin community is poised to see greater attention from policymakers and industry leaders alike. The growing momentum for Bitcoin adoption in the U.S. could signal the beginning of a new era for digital assets, with Trump at the forefront of this movement.
Mike T, an accomplished crypto journalist, has been captivating audiences with her in-depth analysis and insightful reporting on the ever-evolving blockchain and cryptocurrency landscape. With a keen eye for market trends and a talent for breaking down complex concepts, Mike's work has become essential reading for both crypto enthusiasts and newcomers alike. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9
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