{"id":25918,"date":"2025-05-09T03:01:34","date_gmt":"2025-05-09T03:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25918"},"modified":"2025-05-09T03:01:34","modified_gmt":"2025-05-09T03:01:34","slug":"bitcoin-to-be-global-reserve-sooner-than-most-expect-says-trump-adviser","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25918","title":{"rendered":"Bitcoin To Be Global Reserve \u2018Sooner Than Most Expect,\u2019 Says Trump Adviser"},"content":{"rendered":"
\n

In a conversation on The Scoop, David Bailey, chief executive of Bitcoin Inc. and confidant of US President Trump, mapped out a trajectory that he believes will carry the world\u2019s first cryptocurrency from insurgent technology to primary reserve asset \u201cmuch sooner than people think.\u201d Speaking with host Frank Chaparro, Bailey described<\/a> a confluence of political opportunism, sovereign-scale mining, and balance-sheet securitisation that, in his view, is steadily eroding the old monetary order.<\/p>\n

Bailey did not mince words about the scale of the transition. \u201cWe are on a path for Bitcoin becoming the reserve asset of the world,\u201d he said, adding that the timetable is accelerating. The claim framed a discussion that ranged from US President Donald Trump\u2019s newly discovered \u201cBitcoin president\u201d persona to Bhutan\u2019s dependence on block-subsidy revenue and SoftBank\u2019s entrance into the treasury-stock arbitrage game.<\/p>\n

Bitcoin Becoming Reserve Asset Sooner Than Expected<\/h2>\n

Bailey recounted his first meeting with Trump at Trump Tower, where he and others attempted to fold Bitcoin into the president\u2019s platform. The encounter, he said, revealed an instinctive political antenna. Trump \u201chas this ability to sort of flip his persona [\u2026] from joking and having a good time [\u2026] to business Trump, decision time.\u201d What began as a meme-driven overture has, in Bailey\u2019s telling, evolved into a reflexive campaign plank: \u201cSix months go by and now he\u2019s the crypto president, he\u2019s the Bitcoin president.\u201d<\/p>\n

That pivot matters, Bailey argued, because the constituency is already electorally significant. \u201cCrypto Americans [\u2026] are 90 million people, 80 million people,\u201d he told Chaparro. Trump, he added, believes the cohort is \u201cmore fervent and there\u2019s more of us than gun owners.\u201d The implication is that Bitcoin\u2019s ideological freight\u2014\u201cthe politics of not wanting politics,\u201d as Bailey put it\u2014has begun to acquire conventional muscle at the ballot box.<\/p>\n

If politics provides the narrative, energy provides the cash flow. Bailey said sovereign mining has crossed an inflection point, estimating that \u201cabout 50 countries\u201d now run public-private mining ventures drawing on excess generating capacity. Scale, he suggested, is no longer trivial: qualifying nations are \u201cusing like 100-plus megawatts of power,\u201d with some \u201cusing gigawatts.\u201d<\/p>\n

The Himalayan kingdom of Bhutan<\/a> is Bailey\u2019s canonical example. Bitcoin mining there now accounts for \u201c50% of the GDP of the country [\u2026] it might even be higher.\u201d Such dependence, he argued, turns hash-rate exports into a pillar of fiscal solvency, but it also up-ends competition for commercial miners. Competing with a sovereign that \u201chas no cost basis for its energy\u201d compresses margins for everyone else.<\/p>\n

Sovereign accumulation naturally follows sovereign production, Bailey contended. Once a government controls block rewards, the internal question shifts to custody, sale-versus-retention, and institutional mandate.<\/p>\n

While only El Salvador<\/a> and the Central African Republic have publicly adopted Bitcoin as legal tender or reserve asset, Bailey asserted that \u201csovereign money is flowing into [the] Bitcoin market already in pretty significant size,\u201d some of it routed through sovereign-wealth funds rather than central banks.<\/p>\n

He linked that flow to an emergent national-security framing. \u201cIs it a national-security issue for your country not to have [\u2026 ] the dominant reserve asset? Yeah, definitely.\u201d Defence establishments, he hinted, have begun weighing whether Bitcoin strengthens or undercuts existing security doctrines, a debate he expects to surface in US congressional testimony later this year.<\/p>\n

The Strategy Template<\/h2>\n

At the corporate level, Michael Saylor\u2019s Strategy<\/a> remains the reference model. Bailey said Saylor\u2019s playbook\u2014issuing equity or debt, buying Bitcoin, letting market-capitalisation premia offset dilution\u2014has already been copied \u201cwidely all over the place.\u201d By his count, \u201cwe\u2019re probably pushing 200\u201d listed companies running variations of the strategy; he projects \u201cmany hundreds\u201d by year-end. The supply-demand consequences are, in Bailey\u2019s view, transparent: \u201cThere\u2019s just not enough Bitcoin marginally to be satisfied at this price. The price is going to have to go way up.\u201d<\/p>\n

The mechanism is not without systemic risk. Bailey likened the corporate-Bitcoin trade to the closed-end trust structure that once governed GBTC, while emphasising a crucial distinction: operating companies can repurchase their own shares if they slip to a discount. Even so, he warned that widespread share-collateral lending could propagate leverage across equity markets, making a severe Bitcoin drawdown a potential trigger for global deleveraging. \u201cA bear market in Bitcoin could cause financial contagion [\u2026] and there\u2019s really nothing anyone can do to stop it.\u201d<\/p>\n

Throughout the interview Bailey returned to institutional fragility. \u201cThese institutions are way weaker and way more fragile than people appreciate,\u201d he said of the traditional monetary order. Yet fragility cuts both ways: the same leverage that speeds Bitcoin\u2019s ascent multiplies the hazards of a reversal. Still, Bailey\u2019s bottom line remained unambiguous. \u201cWe [ultimately] dictate to the Federal Reserve what their future is,\u201d he said, because the \u201cdrums of war beat towards [Bitcoin\u2019s] inevitability.\u201d<\/p>\n

At press time, BTC traded at $99,550.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In a conversation on The Scoop, David Bailey, chief executive of Bitcoin Inc. and confidant of US President Trump, mapped out a trajectory that he believes will carry the world\u2019s first cryptocurrency from insurgent technology to primary reserve asset \u201cmuch sooner than people think.\u201d Speaking with host Frank Chaparro, Bailey described a confluence of political […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25918","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25918"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25918\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}