David Bailey, who is the CEO of BTC Inc., recently disclosed that he had a private phone conversation with former President Donald Trump regarding Bitcoin. His announcement on X quickly sparked conversations in the community, especially considering Trump\u2019s changing perspective on cryptocurrencies and his recent decision to pardon Ross Ulbricht.<\/p>\n
In his post, Bailey shared insights from his chat with Trump, stating: \u201cJust spoke with Donald Trump and thanked him for his commitments to our industry and Ross. I asked if he had a message for the Bitcoin community\u2026 He expressed his full support, saying we will elevate Bitcoin to new heights and outshine China and others trying to take it from us. Thank you, President Trump, for being the first Bitcoin-supporting president. Promises made, promises kept.\u201d<\/p>\n
Bailey, whose firm oversees Bitcoin Magazine, is recognized for playing a significant role in shifting Trump\u2019s opinion on Bitcoin from doubt to endorsement.<\/p>\n
Following his post, Bailey faced many questions from followers. One user inquired if Trump acknowledged worries about less reputable cryptocurrencies held by the US government. Bailey replied, \u201cWe spoke for about ten minutes on various Bitcoin topics. I don\u2019t think he is aware of those concerns, and I didn\u2019t bring it up.\u201d<\/p>\n
Another commentator urged Bailey to provide proof, suggesting that he should record future conversations. However, Bailey stressed his respect for privacy: \u201cI would never record a private call with the President and release it just for online recognition.\u201d<\/p>\n
When asked how the conversation happened, Bailey mentioned, \u201cHe called me\u2026 I was informed in advance.\u201d Additionally, his wife Emily Bailey, who manages marketing at BTC Inc., supported this claim, noting, \u201cHe called to express gratitude to David and the Bitcoin community. Most of the call revolved around Ross and Lyn, focusing on justice and peace. It was a cordial exchange.\u201d<\/p>\n
Bailey’s relationship with Trump started when the ex-president was predominantly critical of the Bitcoin sector. Through ongoing discussions, Bailey and various supporters illustrated how Bitcoin could enhance America’s technical leadership and energy autonomy.<\/p>\n
This dialogue reached a pivotal point at the Bitcoin 2024 conference in Nashville, where Trump publicly declared his support for Bitcoin, departing from his earlier skepticism. He advocated for all remaining Bitcoin to be \u201cmined, minted, and made in the USA,\u201d and promised to establish a strategic Bitcoin reserve if he were to be re-elected. He also committed to pardoning Ross Ulbricht, the founder of the Silk Road marketplace, a promise he fulfilled shortly after taking office for his second term on January 21, 2025.<\/p>\n
Since Trump\u2019s executive order related to cryptocurrencies and the establishment of a \u201cnational digital asset stockpile,\u201d there has been intense discussion about which digital currencies will be included. Pierre Rochard, Vice President of Research at Riot Platforms, along with other leaders, has criticized Ripple as a significant barrier to a Bitcoin-focused reserve, claiming it is invested heavily in lobbying to widen the reserve’s scope to a larger \u201ccrypto reserve,\u201d potentially including XRP.<\/p>\n
Ripple’s leadership has denied any intentions to overshadow Bitcoin. They assert that broadening the reserve to incorporate multiple digital currencies\u2014including BTC\u2014promotes American innovation, offering broader economic advantages and strengthening competition against other nations in the digital asset realm.<\/p>\n
As of this report, Bitcoin\u2019s value had decreased by 4.5%, trading at $100,455.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
David Bailey, who is the CEO of BTC Inc., recently disclosed that he had a private phone conversation with former President Donald Trump regarding Bitcoin. His announcement on X quickly sparked conversations in the community, especially considering Trump\u2019s changing perspective on cryptocurrencies and his recent decision to pardon Ross Ulbricht. Trump Supports Bitcoin In his […]<\/p>\n","protected":false},"author":14,"featured_media":26891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Trump Promises to Propel Bitcoin to New Heights in Private Conversations - Bitrabo","description":"David Bailey, who is the CEO of BTC Inc., recently disclosed that he had a private phone conversation with former President Donald Trump regarding Bitcoin. His"},"footnotes":""},"categories":[316],"tags":[448,1741,5225,1177,859,3880,2377],"class_list":["post-26890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-declares","tag-greater","tag-heights","tag-private","tag-send","tag-trump"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=26890"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/26891"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=26890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=26890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=26890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}