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Last night, President-elect Donald Trump’s son Eric Trump took a photo at Mar-a-Lago with MicroStrategy Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.” posted.
This is incredibly bullish – let me explain.
For the past four years, under a Biden-Harris administration with full Democratic control, the US government has done everything it can to terrorize this industry and attack us. The overwhelming majority of Democrats do not support Bitcoin, following Elizabeth Warren’s lead in demonizing the industry and its participants. They will use the judicial system as a weapon to arrest bitcoiners, seek to tax our unrealized gains, block the passage of pro-Bitcoin legislation, remove industry participants from banks through Operation Chokepoint 2.0, and create meaningful refused to support Bitcoin in any way, and so on. .
They were truly anti-Bitcoin. If Kamala Harris had won the presidential election, their reign of terror against Bitcoin would have lasted at least four more years. But now, the Democratic Party’s Bitcoin war in America is finally coming to an end. And then there’s a new regime, and they love Bitcoin.
Donald Trump hasn’t even officially taken office yet, but his family has already invited Michael Saylor to their Mar-a-Lago mansion to further discuss Bitcoin. This is not the first time he has done something like this, as in 2024 President Trump will invite American Bitcoin mining giants to discuss the industry and what they need to do to best support them. The same is true when I invite people to learn.
It’s important to note that just two weeks ago, Saylor said on Bloomberg that he was open to advising 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 on here.
The Trumps understand Bitcoin and continue to show support for the asset and the industry. Eric Trump recently gave a great speech at the Bitcoin MENA conference in Abu Dhabi, explaining the characteristics that make Bitcoin a valuable asset, as well as sharing his personal experience with his family being debanked. , also explained how Bitcoin protects individuals from cancellation. Donald Trump Jr. appeared at the Bitcoin 2024 conference with his father, showing great support for the asset and the industry.
Donald Trump Releases Bitcoiner (Ross Ulbricht) From Prison, Signs Pro-Bitcoin Bill, Works With Industry To Help Us Prosper, Ends Operation Chokepoint 2.0, Names Official Crypto Czar “Bitcoin and cryptocurrencies will skyrocket like this,” he said. Under his administration, unprecedented things and more happened.
Even if you’re not a fan of President Trump, you have to admire him and his family for the great work they’re doing to create a regulatory-friendly environment for this industry to thrive. Imagine all this industry can accomplish over the years. For the next four years, with the support of the president, we have room to innovate and build without fear of harassment or demonization by the government. I think the limit is the limit, but it’s even better than that.
Four years is a long time, especially in this industry. A lot can happen in the meantime, and I’m incredibly bullish on the future of Bitcoin in America under the incoming Trump administration.
Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
America is accepting #BITCOIN like never before 🇺🇸 pic.twitter.com/7c2NJG7Kzd
— Nikolaus Hoffmann (@NikolausHoff) January 3, 2025
This article is a take. The opinions expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
