Last night, Eric Trump, the son of President-elect Donald Trump, posted a tweet image To himself at Mar-a-Lago with MicroStrategy CEO Michael Saylor with the caption: “Two friends, one passion: Bitcoin.”
This is incredibly bullish – let me explain.
Over the past four years, under the Biden-Harris administration with full Democratic control, the US government has done everything it can to terrorize this industry and attack us. The vast majority of the Democratic Party did not support Bitcoin and followed Elizabeth Warren’s lead in discrediting the industry and its participants. They have used the justice system as a weapon to arrest Bitcoin users, attempted to tax our unrealized gains, prevented pro-Bitcoin legislation from being signed into law, and denied online banking services to industry participants. Operation Chokepoint 2.0refusing to support Bitcoin in any meaningful way, and much more.
They were really anti-Bitcoin. Had Kamala Harris won the presidential election, her reign of terror over Bitcoin would have continued for at least four more years. But now, the Democrats’ war on Bitcoin in America has finally come to an end. A new administration will come in – and they love Bitcoin.
Donald Trump is not yet officially in office, and his family has already invited Michael Saylor to his Mar-a-Lago home to discuss Bitcoin further. This isn’t the first time he’s done something like this either, as happened in 2024 when Trump invited US Bitcoin mining giants there to learn more about the industry and what he should do to better support them.
It is important to note that just two weeks ago, Saylor He said Bloomberg says he would be open to advising Donald Trump on Bitcoin. And now with him at Mar-a-Lago, I think it’s safe to guess that something big could be brewing here.
The Trumps understand Bitcoin and continue to show their support for the asset and the industry. Eric Trump had a great recent run letter At the MENA Bitcoin Conference in Abu Dhabi, explaining the characteristics that make Bitcoin an invaluable asset while also sharing his family’s personal experience with banking, and how Bitcoin protects individuals from cancellation. Donald Trump Jr. appeared at the Bitcoin 2024 conference with his father, showing a lot of support for this asset and the industry.
Donald Trump committed to releasing Bitcoiners (Ross Ulbricht) from prison, signing pro-Bitcoin legislation into law, working with the industry to help us thrive, ending Operation Chokepoint 2.0, and appointing a cryptocurrency official. He said: “Bitcoin and cryptocurrencies will skyrocket as Never before” under his management, and much more.
Even if you’re not a fan of Trump, you should acknowledge him and his family and give him credit for the good work they are doing to create a regulatory-friendly environment for this industry to thrive in. Imagine all that this industry can achieve over the next four years with the support of the President, giving us room to innovate and build without fear of harassment and demonization by our government. I would say the sky is the limit but it’s better than that.
Four years is a long time, especially in this industry. A lot can happen during that time, and I am incredibly optimistic about the future of Bitcoin in America under the incoming Trump administration.
Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
America embraces #Bitcoin Like never before 🇺🇸 pic.twitter.com/7c2NJG7Kzd
– Nicholas Hoffmann (@NicholausHoff) January 3, 2025
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.