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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 CEO Michael Saylor with the caption, “Two friends, one love: Bitcoin.”
This is incredibly powerful – let me explain.
For the past four years, under the Biden-Harris administration with full Democrat control, the US government has done everything in its power to intimidate this industry and attack us. A large majority of the Democrat party did not support Bitcoin and followed the lead of Elizabeth Warren in creating the industry and its participants. They armed the justice system to arrest Bitcoiners, tried to tax our ill-gotten gains, stopped pro-Bitcoin legislation from being signed into law, de-banked industry participants with Operation Chokepoint 2.0, refused to support Bitcoin in any meaningful way, many more. .
They were really anti-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 coming to an end. And new managers will come in – and they love Bitcoin.
Donald Trump has yet to officially take office, and his family has already invited Michael Saylor to his Mar-a-Lago estate to discuss Bitcoin further. It’s not the first time he’s done something like this, like in 2024 when Trump invited American Bitcoin mining giants there to learn more about the industry and what he needs to do to better support himself.
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 he’s at Mar-a-Lago, I think it’s safe to guess that there might be something big going on here.
The Trumps understand Bitcoin and continue to show their support for the asset and industry. Eric Trump recently gave a great speech at the Bitcoin MENA Conference in Abu Dhabi, explaining the factors that make Bitcoin a valuable asset while also sharing his family’s experience of being evicted from a bank, and how Bitcoin protects individuals from cancellation. Donald Trump Jr. appeared at the Bitcoin Conference 2024, together with his father, and showed great support for this asset and the sector.
Donald Trump has pledged to release Bitcoiners (Ross Ulbricht) from prison, sign pro-Bitcoin legislation into law, work with the industry to help us succeed, complete Operation Chokepoint 2.0, appointed the official Crypto Czar, said “Bitcoin and crypto will rise like never before” under his administration, and much more.
Even if you are not a Trump fan, you have to acknowledge and give him and his family credit for the good work they are doing to create a friendly regulatory environment for this industry to thrive. Just think of all that this industry can accomplish on top of that. for the next four years we have the support of the President, which allows us to have the room to be creative and build without fear of abuse and demonization by our government. I would say the sky is ending but it is much better than that.
Four years is a long time, especially in this industry. 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."
FAKE AMERICA #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd
— Nikolaus Hoffman (@NikolausHoff) January 3, 2025
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.