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Trump’s journey to embracing Bitcoin began with NFT sales on Polygon before engaging with mining executives at Mar-a-Lago last June. Initially dismissing Bitcoin as a “scam against the dollar” during the 2021 bull run, a significant influence came from his former campaign chair, Paul Manafort.
During a January 2024 gathering in Puerto Rico, David Bailey, CEO of BTC Inc, and his friends discussed strategies to introduce Bitcoin to Trump. A connection through Manafort led to a call that initiated a Bitcoin education process for Trump’s team.
Trump’s main concern was the perception that Bitcoin threatened the dollar. In response, Bailey explained that a digital Fort Knox could enhance the dollar’s strength, leading Trump to schedule a meeting at Trump Tower. This interaction marked a pivotal moment in Trump’s perspective on Bitcoin.
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