David Bailey Discusses Bitcoin’s Future
David Bailey, CEO of cryptocurrency media company BTC Inc. and one of the names very close to US President Donald Trump, spoke about Bitcoin.
Bitcoin as a Global Reserve Asset
Speaking to The Block, David Bailey said that Bitcoin is the global reserve asset and is rising rapidly.
David Bailey stated that Bitcoin’s adoption as a global reserve asset is coming much sooner and faster than he thought.
Noting that governments and companies are accelerating their purchases of Bitcoin (BTC), Bailey stated that as more countries adopt BTC, the price of BTC will also increase.
Bailey also said that BTC will play a more important role in developing economies, noting that BTC will soon see greater adoption in countries like the Central African Republic, where BTC mining has become one of the most developed and vital sectors.
$300 Million Bitcoin Fund!
David Bailey, one of the names very close to Trump, reportedly raised $300 million to establish a new Bitcoin investment company.
David Bailey has raised $300 million to start a Bitcoin investment firm, CNBC reported.
The company is expected to adopt a strategy similar to MicroStrategy’s Bitcoin strategy by using bond and stock buybacks to raise funds.
*This is not investment advice.