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Last night, President-elect Donald Trump’s son, Eric Trump, posted a photo of himself at Mar-a-Lago with MicroStrategy Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”
This is incredibly optimistic. Let me explain.
Over the past four years, under the Biden-Harris administration, which has been completely dominated by Democrats, the U.S. government has done its best to terrorize this industry and attack us. The overwhelming majority of Democrats have not supported Bitcoin and have followed Elizabeth Warren’s lead in seeking to demonize the industry and its participants. They have weaponized the judicial system to arrest Bitcoin users, attempted to tax our unrealized profits, prevented Bitcoin advocacy bills from being signed into law, and disrupted industry players through Operation Chokepoint 2.0. deprived banks of , and refused to support Bitcoin in any meaningful way. .
They were true Bitcoin opponents. 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 Democratsâ Bitcoin war in the United States is finally coming to an end. And there’s a new administration coming in, and they like Bitcoin.
Donald Trump hasn’t even officially taken office yet, and his family is already inviting Michael Saylor to his estate at Mar-a-Lago to further discuss Bitcoin. This isn’t the first time he’s done something like this, with Trump inviting America’s Bitcoin mining giants to join him in 2024 to learn more about the industry and what needs to be done to best support them.
It is important to remember that just two weeks ago, Saylor told Bloomberg that he would be willing to advise Donald Trump on Bitcoin. And now that he’s at Mar-a-Lago, I think it’s safe to assume that something big is going to happen here.
The Trumps understand Bitcoin and continue to show their support for the asset and industry. Eric Trump gave a great speech at the recent Bitcoin MENA conference in Abu Dhabi, explaining the characteristics that make Bitcoin such a valuable asset, while also sharing his experience with canceling his family’s bank account and how Bitcoin protects individuals from cancellation. I did it. Donald Trump Jr. appeared at the Bitcoin ââ2024 conference with his father and showed a lot of support for this asset and industry.
Donald Trump released Bitcoiners (Ross Ulbricht) from prison, signed the Bitcoin Defense Act, worked with the industry to help us thrive, ended Operation Chokepoint 2.0, appointed an official Crypto Czar, and announced âBitcoin and crypto will skyrocket as follows: Never beforeâ under his administration, and much more.
Even if you’re not a fan of Trump, you should recognize and give credit to him and his family for the good work they are doing to create a regulatory-friendly environment for this industry to thrive. Imagine all that this industry could have achieved in the past. Over the next four years, with the President’s support, we have the space to innovate and build without fear of being bullied and demonized by our government. I’d say the sky’s the limit, but it’s much better than that.
Four years is a long time, especially in this industry. A lot can happen in that time frame and I am incredibly optimistic about the future of Bitcoin in the US under this Trump administration.
Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
America is embracing #Bitcoin Completely different from before đșđž pic.twitter.com/7c2NJG7Kzd
â Nikolaus Hoffmann (@NikolausHoff) January 3, 2025
This article take. The opinions expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.