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A statement from a person known to be very close to Trump regarding Bitcoin (BTC) has arrived along with a 300 Million Dollar move!
David Bailey, CEO of the crypto media company BTC Inc. and one of the closest associates of US President Donald Trump, spoke about Bitcoin.
Speaking to The Block, David Bailey stated that Bitcoin is a global reserve asset and is rising rapidly.
David Bailey stated that the adoption of Bitcoin as a global reserve asset has occurred much earlier and faster than he thought.
Bailey pointed out that the pace of governments and companies acquiring ***Bitcoin (*BTC) has accelerated, and stated that as more countries adopt BTC, the price of BTC will also increase.
Bailey also stated that in countries like the Central African Republic, where BTC mining has become one of the most advanced and vital sectors, BTC is expected to be adopted more widely in the near future, playing a more significant role in developing economies.
300 Million Dollar Bitcoin Fund!
David Bailey, who is very close to Trump, is reported to have raised 300 million dollars to establish a new Bitcoin investment company.
According to CNBC's report, David Bailey raised 300 million dollars to establish a Bitcoin investment company.
The company is expected to adopt a strategy similar to MicroStrategy's Bitcoin strategy by using bond and stock buybacks to raise funds.