Final evening, President-elect Donald Trump’s son, Eric Trump, posted a photograph of himself at Mar-a-Lago with MicroStrategy Government Chairman Michael Saylor with the caption, “Two buddies, one ardour: Bitcoin.”
That is so unbelievably bullish — let me clarify.
For the final 4 years, below the Biden-Harris administration with complete Democrat management, the U.S. authorities did their greatest to terrorize this trade and assault us. The overwhelming majority of the Democrat social gathering didn’t assist Bitcoin and adopted Elizabeth Warren’s lead on demonizing the trade and its members. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized positive factors, stopped pro-Bitcoin laws from being signed into legislation, de-banked trade members by way of Operation Chokepoint 2.0, refused to assist Bitcoin in any significant method, and a lot extra.
They had been really anti-Bitcoin. If Kamala Harris had gained the presidential election, their reign of terror on Bitcoin would have continued for a minimum of 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 — they usually 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 be taught extra concerning the trade and what he must do to greatest assist them.
You will need to be aware that simply two weeks in the past, Saylor mentioned on Bloomberg that he can be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I believe it’s protected to invest that one thing massive is likely to be brewing right here.
The Trumps perceive Bitcoin and proceed to indicate their assist for the asset and trade. Eric Trump just lately gave an incredible 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 along with his father, and confirmed numerous assist 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, mentioned “Bitcoin and crypto will skyrocket like by no means earlier than” below his administration, and a lot extra.
Even when you’re not a fan of Trump, it’s a must to acknowledge and provides him and his household credit score for the nice work they’re doing to make a regulatory pleasant surroundings for this trade to thrive in. Think about all this trade can accomplish over the following 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 but it surely’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 below 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 totally the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
