In line with David Bailey, it’s by no means occurred to him that US President Donald Trump modified his place on bitcoin (BTC) as a result of he or his household might personally profit from crypto.
“No, absolutely not,” stated Bailey in a broadcast that aired yesterday morning on nationwide TV.
“I don’t think he embraced this industry to enrich himself,” he repeated. “I think that he just sees the same potential that I see.”
Instantly previous to this reply, on-screen CBS evaluation tallied $765 million value of income to crypto ventures managed by the Trump household since September 2024.
Trump has positively modified his thoughts on bitcoin
Trump’s about-face about BTC in 2024 is public information. In 2019, he tweeted unequivocally, “I am not a fan of BTC and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
He reiterated his negativity for years, together with a 2021 affirmation that BTC nonetheless appeared like a “scam.”
By 2024, nevertheless, he’d modified his thoughts for his presidential election marketing campaign. He collected hundreds of thousands of {dollars} for numerous dinners, and launched new tokens by the month.
Protos has mapped Trump’s crypto empire that has funneled cash to his household from 1000’s of NFTs, multi-billion greenback memecoins, a high 10 stablecoin, a governance token, and several other publicly listed crypto firms.
In line with Bailey, despite as much as $765 million value of income to those ventures, none of this potential for private revenue impacted Trump’s resolution to reverse his lengthy held BTC beliefs.
Quite than revenue motivating his household, in keeping with Bailey, Trump merely turned enthusiastic about BTC in 2024. “When you get excited about an idea, you feel compelled to do something about it,” Bailey concluded.
