Bitcoin News
By Maheen Hernandez
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What Is a PAC and Why Start One?. A PAC is a U.S.-registered political fund that raises money to support specific candidates or…
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Key Priorities: Bitcoin to $10M and Long-Term Strategy. Bailey’s stated focus includes pushing Bitcoin’s price to $10 million, a goal he frames as part of…
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Political and Legal Risks Highlighted. Not everyone is on board with Bailey’s plan. Charles Allen, CEO of crypto firm BTCS, advised…
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Why This Matters: Politics Meets Crypto Adoption. As crypto continues to integrate with traditional finance and policymaking, political support is…
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The Broader Crypto Political Landscape. During the 2024 U.S. elections, over $134 million was spent by crypto-affiliated PACs and…
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Ceasing the Noise: What the PAC Could Achieve. By combining political advocacy and institutional momentum, Bailey is trying to turn Bitcoin's…
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Final Thoughts: Bitcoin Politics Turned Strategy. David Bailey’s initiative reflects a growing trend: crypto advocates moving beyond market activism…
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David Bailey, a prominent Bitcoin advocate and adviser to former President Donald Trump, is now planning a bold political push with a proposed $100–$200 million political action…
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Bailey, who founded Bitcoin Magazine and co-leads Nakamoto Holdings, played a key role in shaping Trump’s recent crypto positions.
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A well-known example is Fairshake, a crypto-aligned PAC backed by Coinbase and Ripple, which spent over $130 million in the 2024 election cycle to support candidates with…
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Bailey’s stated focus includes pushing Bitcoin’s price to $10 million, a goal he frames as part of a long-term vision rather than short-term hype.
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Well-known crypto figures like podcaster Stephan Livera and Human Rights Foundation’s Alex Gladstein have offered additional suggestions: they propose education programs in…
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Other contributors champion reforms like shifting banking toward full-reserve systems, where banks must keep 100% of customer deposits in reserve—an idea supported by Bitcoin…
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Not everyone is on board with Bailey’s plan. Charles Allen, CEO of crypto firm BTCS, advised caution, especially for public companies tied to the PAC.
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Bailey pushed back, pointing to precedent—Coinbase backed Fairshake successfully without issues.
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