David Bailey’s Private Call with Former President Trump Sparks Bitcoin Buzz
David Bailey, the CEO of BTC Inc., recently stirred the Bitcoin community with a captivating revelation. In a post on X, he disclosed a private phone conversation with former US President Donald Trump, discussing Bitcoin. This announcement has triggered widespread discussions, especially considering Trump’s shifting perspective on digital currencies. Notably, his recent decision to pardon Ross Ulbricht has added fuel to these discussions.
Trump’s Enthusiasm for Bitcoin
Bailey’s post on X highlighted Trump’s supportive stance towards Bitcoin. In his message, Bailey shared: “Just had a conversation with Donald Trump, expressing gratitude for his commitments to our industry and to Ross. When I asked if he had a message for the Bitcoin community, he replied with enthusiasm, asserting his 100% support. He expressed confidence in Bitcoin’s potential to achieve unprecedented heights and emphasized the importance of surpassing China and other nations eager to dominate the digital asset space. Thank you, President Trump, for being the first Bitcoin President. Promises made, promises kept.”
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As the parent company of Bitcoin Magazine, BTC Inc. under Bailey’s leadership has played a significant role in shifting Trump’s perspective on Bitcoin from skepticism to support. Following his post, Bailey faced numerous questions from users. One curious commentator inquired about Trump’s awareness of the “shitcoins” issue within the US government’s digital asset holdings. Bailey clarified: “Our conversation lasted around 10 minutes and focused exclusively on Bitcoin-related topics. I don’t believe he’s aware of the concern, and it was not a topic I brought up.”
In response to calls for proof of the conversation, Bailey emphasized his commitment to privacy, stating, “I would never record a private conversation with the President to gain online notoriety.” When questioned about the origin of the call, Bailey revealed, “He contacted me, and I was informed in advance.” Emily Bailey, his wife and BTC Inc.’s head of marketing, confirmed this account, adding, “He called to express gratitude to David and the Bitcoin industry. The conversation primarily revolved around Ross and Lyn, focusing on justice and peace. It was a cordial interaction.”
Trump’s Transformation
David Bailey’s engagement with Trump began when the former president was vocally critical of Bitcoin. Through persistent dialogue, Bailey and other advocates highlighted Bitcoin’s potential to advance America’s technological leadership and energy independence. These efforts culminated at the Bitcoin 2024 conference in Nashville, where Trump reversed his stance, publicly endorsing Bitcoin. He articulated a vision for all remaining BTC to be “mined, minted, and made in the USA” and pledged to establish a strategic Bitcoin reserve if re-elected. Additionally, he fulfilled his promise to pardon Ross Ulbricht on January 21, 2025, shortly after assuming office for a second term.
Since Trump issued an executive order to establish a “national digital asset stockpile,” debates have intensified over which cryptocurrencies should be included. Pierre Rochard, Vice President of Research at Riot Platforms, and other industry leaders have criticized Ripple, calling it the “biggest obstacle” to a Bitcoin-centric reserve. They allege that Ripple is investing heavily in lobbying to expand the reserve into a broader “crypto reserve,” potentially incorporating XRP.
Ripple’s executives have countered these claims, advocating that a diversified reserve embracing multiple digital assets, including Bitcoin, would enhance American innovation. They argue that such diversification supports economic growth and strengthens competition against other nations entering the digital asset arena.
At the time of writing, Bitcoin experienced a decline of 4.5%, trading at $100,455.
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