Bitcoin News Today: Trump-Linked Advisor Launches $200M Bitcoin PAC to Push $10M Price Target

David Bailey, a prominent figure closely associated with former U.S. President Donald Trump, has announced plans to raise $200 million to launch a political action committee (PAC) focused on advancing Bitcoin’s interests in the United States [1]. As a key advisor to Trump during his presidential campaign and the founder of Bitcoin Magazine and BTC Inc., Bailey has positioned himself at the intersection of cryptocurrency and politics. He described the initiative as a strategic move to elevate Bitcoin’s role in the U.S. financial landscape, with the PAC operating under his company, Nakamoto Holdings [1].

Bailey stated that one of the PAC’s primary objectives is to boost the price of Bitcoin toward $10 million and to reinforce its long-term viability as a digital asset. The initiative aligns with his broader efforts to promote Bitcoin adoption, including the launch of Nakamoto Holdings in May, which raised $300 million, and 210k Capital, a hedge fund focused on Bitcoin investments [1]. His involvement in Trump’s political circle has amplified the potential impact of such an initiative, even without an explicit endorsement from the [2].

The move has drawn attention from industry observers. Charles Allen, CEO of BTCS, cautioned Bailey against using funds from publicly traded companies to support the PAC due to potential legal risks. Allen warned that misusing corporate resources for political activities could lead to lawsuits over breaches of fiduciary duty [1]. His comments highlight the regulatory complexities surrounding corporate-backed crypto initiatives and underscore the need for careful structuring of such ventures.

The timing of Bailey’s announcement comes amid increased institutional interest in Bitcoin. Recent data indicates that corporate treasuries continue to purchase Bitcoin despite market volatility, with firms reportedly buying 630 BTC in a single day [5]. Meanwhile, other developments in the Bitcoin ecosystem suggest growing institutional adoption, such as the consolidation of Adam Back’s firm with Cantor Equity Partners to form a Bitcoin Standard Treasury Company, which holds over 30,000 BTC [3]. These trends indicate a broader shift in how institutional investors are viewing Bitcoin as a strategic asset.

Separately, crypto entrepreneur Justin Sun announced a $100 million investment in the $TRUMP memecoin, a token linked to Donald Trump [4]. While unrelated to Bailey’s PAC, the move illustrates how political figures are increasingly influencing the crypto space, both as symbols and as active participants in digital asset markets.

As political and financial actors continue to align with Bitcoin, the landscape is evolving rapidly. Bailey’s PAC could serve as a catalyst for greater political engagement with cryptocurrency, potentially shaping regulatory and economic policies in the U.S. However, the success of the initiative will depend on its structure, regulatory compliance, and the extent of support from Trump-aligned networks [1][2]. The broader implications of such efforts remain to be seen, but they reflect a growing recognition of Bitcoin’s influence in both financial and political arenas.

Sources:

[1] A Name Known to Be Very Close to Trump Makes $200 Million Bitcoin (BTC) Move!

https://coinmarketcap.com/community/articles/6892168aabfc3923f0f7ae7d/

[2] US stock futures higher amid mixed corporate earnings

https://uk.finance.yahoo.com/news/us-stock-futures-higher-amid-101331911.html

[3] CEPO: Waiting To Buy Adam Back's Bitcoin Treasury Company

https://seekingalpha.com/article/4808689-cepo-waiting-buy-adam-back-bitcoin-treasury-company

[4] OFFICIAL TRUMP Price, TRUMP Price, Live Charts, and ...

https://www.coinbase.com/price/official-trump

[5] Bitcoin treasuries add 630 BTC while ETFs shed $300M as ...

https://www.instagram.com/p/DM-eRViyDim/