Trump didn’t take a direct path to Bitcoin — having offered three NFT collections on Polygon lengthy earlier than he met with bitcoin mining executives at Mar-a-Lago final June.
And Trump is clearly no maxi. He and the First Woman have their very own memecoins on Solana, to not point out his DeFi mission World Liberty Fi has actively courted crypto groups for token swap offers and different varieties of partnerships.
Nonetheless, one thing clearly occurred final yr that modified his tune towards bitcoin, which he’d initially known as a “scam against the dollar” within the thick of the 2021 bull run.
Seems that factor was Trump’s former marketing campaign chair Paul Manafort.
On this week’s episode of Empire, David Bailey, CEO at BTC Inc, gave host Jason Yanowitz the within scoop on how he and two different Bitcoiners had been capable of orange-pill Trump heading into election season.
“I was hanging out in Puerto Rico with a friend of mine that lives here and we were sitting around — this is in January 2024 — and like, we’re a company but we are all in on bitcoin, all in emotionally, spiritually, financially. Our mission is hyperbitcoinization and we actually [wonder] all the time, “how do we accelerate hyperbitcoinization?”
“And so, we were sitting around like ‘damn, if we could just get in front of Trump, like we could pitch bitcoin to Trump and get him bought in on it, and it’d be huge for bitcoin.’”
By happenstance, Bailey’s pal may make that connection — by way of her sister, whose godfather is Manafort. “So she was able to get a call set up with Paul, and so that’s how it got started.”
From there, it took months of Bitcoin schooling with Trump’s workforce earlier than getting all the way in which to the large man, who had one key concern that hadn’t but been resolved: Bitcoiners say bitcoin goes to destroy the greenback.
Trump likes the greenback — so what provides?
“And we’re like, ‘well, you know, America built Fort Knox and stored the world’s gold in Fort Knox — that didn’t undermine the dollar; it made the dollar stronger than ever. And if you want the dollar to stay strong into the future, then we got to build the digital Fort Knox and need to have the world’s digital gold stored in America as well. That’s how we get another 200 years of the dollar being relevant.’”
Based on Bailey, Trump immediately understood and agreed to the subsequent step — assembly in individual at Trump Tower. And the remainder is historical past.
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