President Donald Trump has reportedly pledged 100% support for bitcoin, vowing to outcompete China and elevate the cryptocurrency “to much greater heights.”
Trump’s 100% Commitment: Taking Bitcoin Higher While Defeating Global Competition
David Bailey, a cryptocurrency policy aide for President Donald Trump’s campaign and CEO of BTC Inc., shared on social media platform X on Jan. 26 that he discussed bitcoin with Trump. Bailey expressed gratitude for the Trump administration’s support of the cryptocurrency sector and its actions regarding Silk Road founder Ross Ulbricht.
Bailey also inquired if Trump had a message for the bitcoin community. Trump conveyed his support, emphasizing his commitment to fostering a pro-crypto environment and acknowledging the community’s innovative contributions. Citing Trump, Bailey conveyed:
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.
This endorsement underscores a significant shift in President Trump’s stance on cryptocurrencies. Historically, Trump expressed skepticism, labeling bitcoin and similar digital assets as volatile and unregulated. However, during his 2024 presidential campaign, Trump embraced the crypto community, accepting digital asset donations and pledging to establish a federal “bitcoin stockpile” to bolster the nation’s financial position. Notably, Bailey was actively involved in shaping Trump’s crypto platform, organizing key events like a Presidential Roundtable on domestic bitcoin mining and advising the campaign on strategies to integrate bitcoin into national economic discussions.
The Trump administration’s pro-crypto initiatives have already influenced the market. Bitcoin’s price surged past $109,000 ahead of President Trump’s inauguration, driven by anticipation of favorable policies. Key proposals include creating a U.S. crypto stockpile, implementing supportive regulations, and appointing a crypto “czar” to oversee the industry’s development.
Bailey, a prominent bitcoin advocate in politics, previously revealed that former President Trump expressed interest in bitcoin’s potential role in addressing the $35 trillion national debt. Bailey has engaged with Trump multiple times, discussing BTC’s potential to tackle economic challenges and enhance U.S. global competitiveness. His efforts align with a broader push to elect pro-bitcoin leaders and integrate cryptocurrency into mainstream economic and political policies.