Last night, President-elect Donald Trump’s son, Eric Trump, shared a snapshot of himself at Mar-a-Lago alongside MicroStrategy Executive Chairman Michael Saylor, captioned, “Two friends, one passion: Bitcoin.”
This is exceedingly bullish — allow me to elaborate.
For the past four years, during the Biden-Harris administration with complete Democrat dominance, the U.S. government made every effort to intimidate this sector and attack us. The vast majority of the Democrat party did not endorse Bitcoin and followed Elizabeth Warren’s example in vilifying the industry and its stakeholders. They weaponized the justice system to detain Bitcoin enthusiasts, attempted to impose taxes on our unrealized gains, obstructed pro-Bitcoin legislation from being enacted, deprived industry participants of banking services through Operation Chokepoint 2.0, declined to endorse Bitcoin in any significant manner, and much more.
They were genuinely anti-Bitcoin. Had Kamala Harris won the presidential election, their campaign against Bitcoin would have persisted for at least another four years. However, the Democrats’ assault on Bitcoin in America is finally drawing to a close. A new administration is emerging — and they are supportive of Bitcoin.
Donald Trump is not even officially inaugurated, and his family is already hosting Michael Saylor at their Mar-a-Lago estate to further discuss Bitcoin. This isn’t the first time he’s engaged in such activities, as seen in 2024 when Trump welcomed prominent American Bitcoin mining companies there to gain insights into the industry and what he needs to do to best assist them.
It’s noteworthy that just two weeks ago, Saylor mentioned on Bloomberg that he would be willing to advise Donald Trump on Bitcoin. Now that he is at Mar-a-Lago, it seems reasonable to speculate that something significant might be in the works.
The Trump family comprehends Bitcoin and consistently demonstrates their support for the asset and the industry. Eric Trump recently delivered an excellent address at the Bitcoin MENA Conference in Abu Dhabi, articulating the traits that render Bitcoin an invaluable asset while also sharing his family’s personal experiences with being de-banked and how Bitcoin safeguards individuals from being canceled. Donald Trump Jr. appeared at the Bitcoin 2024 Conference, along with his father, showing considerable support for this asset and industry.
Donald Trump has pledged to release Bitcoiners (like Ross Ulbricht) from incarceration, sign pro-Bitcoin legislation into law, collaborate with the industry to ensure our success, terminate Operation Chokepoint 2.0, appoint a dedicated Crypto Czar, declared that “Bitcoin and crypto will soar like never before” under his administration, and much more.
Even if you’re not a supporter of Trump, it’s essential to recognize and commend him and his family for the positive efforts they’re making to foster a regulatory-friendly environment for this industry to thrive. Envision everything this sector can achieve over the coming four years with the backing of the President, granting us the freedom to innovate and develop without the anxiety of being harassed and vilified by our own government. I would suggest that the sky is the limit but it’s even more promising than that.
Four years is quite a duration, particularly in this industry. Numerous developments can occur within that timeframe, and I am profoundly optimistic about the future of Bitcoin in America under this impending 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 piece is a Take. The views expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
