David Bailey, a prominent figure in the cryptocurrency world and a Bitcoin adviser to Donald Trump, is setting ambitious sights on the political landscape. Bailey has unveiled plans to create a $200 million Political Action Committee (PAC), with the audacious goal of propelling Bitcoin’s price to a staggering $10 million. This move is undoubtedly poised to send ripples across both the political and crypto arenas.
An Unorthodox Ambition
While most PACs focus on supporting political candidates or lobbying for specific legislation, Bailey’s initiative stands out for its unconventional objective. The PAC isn’t just about policy; it’s about positioning Bitcoin for the long haul, aiming to elevate its status in the global economic framework. According to Bailey, this is not merely a speculative play but a strategic maneuver designed to secure Bitcoin’s future as a dominant monetary force.
James Carter, a crypto analyst at BlockWorks, reflects on the announcement: “Bailey’s vision is bold, no doubt. But whether the PAC can genuinely influence Bitcoin’s price to that extent remains a question. It’s certainly a novel approach to intertwining politics and crypto.”
The Political-Crypto Nexus
Bailey’s association with Trump and the Republican party adds another layer of intrigue to this development. His efforts to bridge the gap between crypto and politics are not without precedent, but the scale and ambition of this $200 million PAC are unprecedented. With the U.S. presidential elections looming in November 2028, the timing appears strategic. Bailey seems to be banking on a synergy between pro-crypto policies and political candidates who can further the cause. This aligns with recent discussions on how Trump’s top crypto advisors assure that U.S. DeFi will thrive.
However, some skeptics argue that such a massive influx of capital into a PAC with a singular focus on Bitcoin could lead to regulatory scrutiny. “The regulators are watching,” notes Samantha Liu, a financial compliance expert. “They’ll be keen to ensure that this PAC doesn’t blur the lines between political contributions and market manipulation.”
Historical Context and Market Trends
Historically, Bitcoin has been no stranger to volatility. Its meteoric rise in late 2017 and subsequent crashes have left many investors wary, yet hopeful. The current market climate in 2025 shows Bitcoin stabilizing in the $30,000 range after various global economic fluctuations. Bailey’s ambitious target of $10 million per Bitcoin is not just a leap; it’s a moonshot.
The crypto market has evolved with new players like Ethereum’s Lido and staking innovations through EigenLayer, which have diversified investment strategies. Yet, the core appeal of Bitcoin remains—its decentralized nature and potential as a hedge against inflation.
Looking Ahead
Bailey’s initiative raises several critical questions. Can a PAC really influence Bitcoin’s trajectory in such a dramatic fashion? And if so, what implications does this have for the broader crypto landscape? Furthermore, how will traditional financial institutions, which have begun dipping their toes into crypto waters, react to such a bold political-economic maneuver? These questions echo sentiments from recent reports on Trump’s plans to establish a Bitcoin reserve.
While the answers remain elusive, one thing is certain: Bailey is shaking up the status quo. His PAC could potentially reshape how cryptocurrencies are perceived within political circles, perhaps even encouraging other digital assets to seek similar political endorsements.
In the coming months, the crypto community will be watching closely as Bailey’s plan unfolds. Will this PAC become a catalyst for Bitcoin’s ascension to new heights, or will it serve as a cautionary tale of ambition meeting reality? Only time will tell.
Source
This article is based on: Trump Bitcoin adviser David Bailey wants to create a $200M PAC
Further Reading
Deepen your understanding with these related articles:
- No U.S. Bitcoin Reserve Plans as White House Touts Crypto Report
- Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC
- SEC Delays Decision on Trump-Linked Bitcoin, Grayscale Solana ETFs
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
