Michael Saylor's Trump Meeting Is Turbo Bullish for Bitcoin

Michael Saylor's Trump Meeting Is Turbo Bullish for Bitcoin

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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 Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”

This is so incredibly bullish – let me explain.

For the last four years, under the Biden-Harris administration with total Democratic control, the US government has done its best to terrorize this sector and attack us. The overwhelming majority of the Democratic party did not support Bitcoin and followed Elizabeth Warren’s lead in demonizing the industry and its participants. They have weaponized the justice system to arrest Bitcoiners, they have tried to tax our unrealized gains, they have prevented pro-Bitcoin legislation from becoming law, they have de-banked industry participants via Operation Chokepoint 2.0, they have refuse to support Bitcoin in any meaningful way and much 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 another four years. But now, the Democrats’ war against Bitcoin in America is finally coming to an end. And a new administration is coming – and they love Bitcoin.

Donald Trump isn’t officially in office yet, and his family is already inviting Michael Saylor to his Mar-a-Lago estate to discuss Bitcoin further. It’s not even 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 best support them.

It is important to note that just two weeks ago Saylor stated on Bloomberg that he would be open to advising Donald Trump on Bitcoin. And now that it’s in Mar-a-Lago, I think it’s safe to speculate 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 recently gave a great speech at the Bitcoin MENA Conference in Abu Dhabi, explaining the features that make Bitcoin such a priceless asset, while also sharing his family’s personal experience during de-banking and how Bitcoin protects people from cancellation. Donald Trump Jr. appeared at the Bitcoin Conference 2024, along with his father, and showed a lot of support for this asset and this industry.

Donald Trump Pledged to Release Bitcoiners (Ross Ulbricht) from Prison, Sign Pro-Bitcoin Legislation, Work with Industry to Help Us Prosper, End Operation Chokepoint 2.0, Appoint an Official Crypto Czar , said, “Bitcoin and cryptocurrencies will skyrocket like never before” under his administration, and much more.

Even if you’re not a fan of Trump, you have to recognize and give credit to him and his family for the great work they are doing to create a regulatory-friendly environment in which this industry can thrive. Imagine all this industry can accomplish beyond the next four years will be supported by the President, allowing us the space to innovate and build without fear of being harassed and demonized by our own government. I’d say the sky’s the limit, but it’s even better than that.

Four years is a long time, especially in this sector. A lot can happen during that time and I am incredibly optimistic about the future of Bitcoin in America under the new Trump administration.

This article is a Take. The opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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