Trump’s Bitcoin Guru Unveils $200M PAC to Rocket BTC to $10M—Buckle Up

Political meets crypto in a high-stakes gamble as a key Trump adviser drops a $200 million bomb on the 2024 race—with Bitcoin’s moon shot as the ultimate prize.

Forget campaign promises—this PAC’s sole KPI is turning BTC into a 50,000% ROI machine. Wall Street analysts are already sharpening their ‘told-you-so’ knives.

The play? Flood the zone with pro-crypto propaganda, lobby for regulatory tailwinds, and maybe—just maybe—make ‘number go up’ the next national mantra. Because nothing unites Americans like speculative mania.

One hedge fund manager yawns: ‘Ah, the 2020s—where political capital gets laundered through digital asset pipe dreams.’

What Is a PAC and Why Start One?

A PAC is a U.S.-registered political fund that raises money to support specific candidates or policy issues. Unlike government funding, PACs operate through private donations and can be used to influence legislation or campaign outcomes.

A well-known example is Fairshake, a crypto-aligned PAC backed by Coinbase and Ripple, which spent over $130 million in the 2024 election cycle to support candidates with pro-crypto platforms. Bailey aims to rival that scale with his own PAC—a significant move given the growing role of politics in crypto regulation.

Key Priorities: Bitcoin to $10M and Long-Term Strategy

Bailey’s stated focus includes pushing Bitcoin’s price to $10 million, a goal he frames as part of a long-term vision rather than short-term hype. He envisions supporting regulations and tax frameworks that encourage investment—especially actions like abolishing capital gains tax on Bitcoin sales and protecting individuals’ right to self-custody.

Well-known crypto figures like podcaster Stephan Livera and Human Rights Foundation’s Alex Gladstein have offered additional suggestions: they propose education programs in schools, safeguards for open-source development, and even Bitcoin-based repayment options for foreign debts owed to the U.S.

Other contributors champion reforms like shifting banking toward full-reserve systems, where banks must keep 100% of customer deposits in reserve—an idea supported by Bitcoin investor Tuur Demeester as a path toward financial stability and crypto adoption.

Political and Legal Risks Highlighted

Not everyone is on board with Bailey’s plan. Charles Allen, CEO of crypto firm BTCS, advised caution, especially for public companies tied to the PAC. He warned of potential legal risks, noting that using corporate funds in political efforts could expose companies to shareholder lawsuits for breach of fiduciary duty.

Bailey pushed back, pointing to precedent—Coinbase backed Fairshake successfully without issues. Still, Allen urged careful oversight, arguing that corporate involvement must be scaled and transparent to avoid legal trouble.

Why This Matters: Politics Meets Crypto Adoption

As crypto continues to integrate with traditional finance and policymaking, political support is becoming a key factor. Bailey’s approach reflects a growing community push for direct influence on legislation around crypto use, taxes, and infrastructure.

If Bailey’s PAC reaches its funding goal, it could rival or exceed existing crypto-aligned political efforts. With PAC backing, measures like increased Bitcoin ATMs, crypto education funding, and deregulation could gain momentum in Congress.

The Broader Crypto Political Landscape

During the 2024 U.S. elections, over $134 million was spent by crypto-affiliated PACs and organizations. That led to outcomes like the election of crypto-friendly lawmakers and the defeat of candidates with unclear or hostile crypto policies.

Crypto advocates see PAC-supported elections as essential not just for legal wins but for shaping public discourse. According to Bailey, adopting Bitcoin-friendly policies is akin to previous technological shifts—like firms integrating electricity or the internet—becoming standard over time.

Ceasing the Noise: What the PAC Could Achieve

By combining political advocacy and institutional momentum, Bailey is trying to turn Bitcoin’s popularity into tangible policy gains. A funded PAC could:

• Advocate to eliminate capital gains tax on crypto

• Secure legal rights for private key self-custody

• Promote K–12 Bitcoin education

• Expand crypto infrastructure like ATMs

• Encourage Bitcoin adoption in federal treasury systems

Bailey’s team says they’ll involve respected advisors and work within legal frameworks. He plans to register a treasurer, file with the Federal Election Commission, and post public disclosures to maintain transparency.

Final Thoughts: Bitcoin Politics Turned Strategy

David Bailey’s initiative reflects a growing trend: crypto advocates moving beyond market activism into policy-building. If successful, his $200 million PAC could influence who gets elected, what laws pass, and how the U.S. positions itself in the global crypto race.

It’s a high-stakes effort. Bitcoin may be a digital asset—but its future value, use, and regulation are deeply tied to politics. Whether Bailey’s PAC succeeds may shape policy and investment strategy for years to come.