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Final night time, President-elect Donald Trump’s son, Eric Trump, posted a picture of himself at Mar-a-Lago with MicroStrategy Govt Chairman Michael Saylor with the caption, “Two buddies, one ardour: Bitcoin.”
That is so unbelievably bullish — let me clarify.
For the final 4 years, underneath the Biden-Harris administration with whole Democrat management, the U.S. authorities did their greatest to terrorize this trade and assault us. The overwhelming majority of the Democrat get together didn’t help Bitcoin and adopted Elizabeth Warren’s lead on demonizing the trade and its contributors. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized beneficial properties, stopped pro-Bitcoin laws from being signed into legislation, de-banked trade contributors through Operation Chokepoint 2.0, refused to help Bitcoin in any significant approach, and a lot extra.
They have been really anti-Bitcoin. If Kamala Harris had received the presidential election, their reign of terror on Bitcoin would have continued for not less than 4 extra years. However now, the Democrats’ battle on Bitcoin in America is lastly coming to an finish. And a brand new administration is coming in — and so they love Bitcoin.
Donald Trump will not be even formally in workplace but, and his household is already inviting Michael Saylor to his property in Mar-a-Lago to debate Bitcoin additional. This isn’t the primary time he’s performed one thing like this both, like in 2024 when Trump invited American Bitcoin mining giants there to study extra concerning the trade and what he must do to greatest help them.
You will need to notice that simply two weeks in the past, Saylor stated on Bloomberg that he could be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I feel it’s secure to take a position that one thing large could be brewing right here.
The Trumps perceive Bitcoin and proceed to indicate their help for the asset and trade. Eric Trump lately gave a terrific speech on the Bitcoin MENA Convention in Abu Dhabi, explaining the traits that make Bitcoin a useful asset whereas additionally sharing his household’s private expertise being de-banked, and the way Bitcoin protects people from being cancelled. Donald Trump Jr. made an look on the Bitcoin 2024 Convention in, alongside together with his father, and confirmed plenty of help for this asset and trade.
Donald Trump has dedicated to releasing Bitcoiners (Ross Ulbricht) from jail, signal pro-Bitcoin laws into legislation, work with the trade to assist us thrive, finish Operation Chokepoint 2.0, appointed an official Crypto Czar, stated “Bitcoin and crypto will skyrocket like by no means earlier than” underneath his administration, and a lot extra.
Even in case you’re not a fan of Trump, it’s important to acknowledge and provides him and his household credit score for the nice work they’re doing to make a regulatory pleasant atmosphere for this trade to thrive in. Think about all this trade can accomplish over the subsequent 4 years being supported by the President, permitting us the room to innovate and construct with out concern of being harassed and demonized by our personal authorities. I’d say the sky is the restrict however it’s even higher than that.
4 years is a very long time, particularly on this trade. Tons can occur throughout that point and I’m extremely bullish on the way forward for Bitcoin in America underneath this incoming Trump administration.
Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
AMERICA IS EMBRACING #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd
— Nikolaus Hoffman (@NikolausHoff) January 3, 2025
This text is a Take. Opinions expressed are completely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
