Last night, the President's son Donald Trump, Eric Trump, posted a picture of himself at Mar-a-Lago with MicroStrategy Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”
This is so incredibly bullish – let me explain.
For the past four years, under the Democratic-controlled Biden-Harris administration, the US government has done its best to dismantle this industry and attack us. The majority of the Democratic party did not support Bitcoin and followed Elizabeth Warren's lead in disparaging the industry and its partners. They weaponized the justice system to arrest Bitcoiners, tried to tax our ill-gotten gains, stopped pro-Bitcoin legislation from being signed into law, from business partners through banking. Operation Chokepoint 2.0refused to support Bitcoin in any meaningful way, and so much more.
They were really against Bitcoin. If Kamala Harris had won the presidential election, their reign of terror over Bitcoin would have continued for at least four more years. But now, the Democrats' war on Bitcoin in America is finally coming to an end. And a new administration comes in – and they love Bitcoin.
Donald Trump isn't even officially in office yet, and his family is already inviting Michael Saylor to his Mar-a-Lago estate to discuss Bitcoin further. It's not the first time he's done something like this either, like in 2024 when Trump invited the American Bitcoin mining giants there to learn more about the industry and what he needs to do to get the most support better give them.
It is important to note that just two weeks ago, Saylor said on Bloomberg that he would be open to advising Donald Trump on Bitcoin. And now that it's at Mar-a-Lago, I think it's safe to speculate that something big could be brewing here.
The Trumps understand Bitcoin and continue to show their support for the fund and the industry. Eric Trump recently brought some good news speech at the MENA Bitcoin Conference in Abu Dhabi, explaining the factors that make Bitcoin a valuable asset while also sharing his family's personal experience of being wiped out, and how Bitcoin protects individuals from being turned off. Donald Trump Jr. appeared. at the Bitcoin Conference 2024 in, together with his father, and showed a lot of support for this fund and business.
Donald Trump has promised to release Bitcoiners (Ross Ulbricht) from prison, sign pro-Bitcoin legislation into law, work with the industry to help us succeed, end Operation Chokepoint 2.0, on announced as the official Crypto Czar, he said βBitcoin and crypto will skyrocket. that never was before,” under his rule, and much more.
Even if you don't like Trump, you have to acknowledge and give him and his family credit for the good work they are doing to create a regulatory friendly environment for this business to thrive . the next four years with the support of the President, allowing us to innovate and build without fear of being harassed and condemned by our own government. I would say the sky is the limit but it is even better than that.
Four years is a long time, especially in this business. A lot can happen in that time and I am very optimistic about the future of Bitcoin in America under this incoming Trump administration.
Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
AMERICA RECOMMENDS #BITCOIN LIKE NEVER BEFORE πΊπΈ pic.twitter.com/7c2NJG7Kzd
– Nikolaus Hoffman (@NikolausHoff) January 3, 2025
This article is a Take. The views expressed are entirely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.