Bitcoin To Be Global Reserve ‘Sooner Than Most Expect,’ Says Trump Adviser

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In the dim-lit corners of conversation, where politics and the whirring sound of machines meet, David Bailey—chief honcho of Bitcoin Inc. and pal of none other than President Trump—spoke with Frank Chaparro on The Scoop, as if the world’s financial foundation were shifting under our feet. Bailey doesn’t mince words; no, sir. He believes that Bitcoin, the rebellious, unpredictable tech that started as a hobby for digital libertarians, will soon take its place as the world’s primary reserve asset. And that day? Much closer than anyone realizes.

Let’s break this down, folks. Bailey, a man who lives in the world of numbers, believes we’re already on the path. “Bitcoin’s going to be the reserve asset of the world,” he confidently declared, rubbing his hands together like a kid about to open a giant Christmas gift. And, of course, he’s in a rush—time’s speeding up, or so he says. Between Trump’s “Bitcoin president” persona and the weirdly profitable energy game that’s happening in places like Bhutan, Bailey seems to have caught a glimpse of the future and he’s itching to tell everyone.

The Big Bitcoin Flip

Remember when Trump was just the guy with the funny hair and the TV show? Apparently, he has a political antenna so sharp it could cut through a sheet of metal. According to Bailey, he’s become what the crypto world needs—a champion. What started as a laughable idea for Trump to embrace Bitcoin, a meme of sorts, has turned into something bigger: the “Bitcoin President.” Oh, how the times have changed, and apparently, so has Trump’s role in it all.

Bailey elaborates, adding that Trump’s new crypto-loving constituency—who he claims is larger and more vocal than even gun owners—is here to stay. There’s a shift, an ideological one, at the ballot box, where Bitcoin is now part of the political dialogue. It’s not just about the money; it’s about sending a message, as Bailey puts it: “the politics of not wanting politics.”

If politics is the narrative, then energy is the fuel. Sovereign mining is booming, with nations like Bhutan getting in on the act. In fact, Bitcoin mining in Bhutan is so dominant that Bailey casually states, “It might be higher than 50% of the country’s GDP.” Let that sink in for a moment. And all the while, miners are sweating it out, trying to compete with a country that has essentially free energy. Good luck with that, guys.

As governments dive into the Bitcoin game, they’re not just mining it—they’re hoarding it. Bailey doesn’t mince words when he says that once governments get a hold of those block rewards, they’ll be making decisions about whether to hold or sell, as if they’re collecting rare baseball cards.

We’re seeing the early signs of nations adopting Bitcoin, with El Salvador and the Central African Republic already on the bandwagon. Bailey suggests that sovereign money is making its way into Bitcoin in significant amounts. It’s not just the crypto nerds anymore; this is becoming a national security issue, according to him. Yes, Bitcoin is now a tool for defense, because what’s a superpower without control over the most important asset in the world?

The Corporate Shuffle

Let’s talk money-making, because what’s Bitcoin without a little corporate hustle? Bailey points to Michael Saylor’s playbook, which involves companies buying Bitcoin like it’s going out of style. And it’s not just a few companies doing this anymore—Bailey claims there are “probably pushing 200” out there, with “many hundreds” to follow. The supply-demand gap is so wide that the price, naturally, is going to skyrocket. It’s like watching a slow-motion train wreck in a really, really expensive car.

But here’s the catch: with all that buying, there’s risk. And Bailey knows it. If Bitcoin hits a rough patch, companies that have leveraged their assets into Bitcoin might be in for a world of hurt. Think of it like a rollercoaster ride—you climb and climb, but when you come down, you might not have any seatbelts on.

But Bailey’s not worried. Oh no, he’s sure about one thing: the future belongs to Bitcoin. “We [ultimately] dictate to the Federal Reserve what their future is,” he said. That’s right, folks. The “drums of war” are marching toward Bitcoin’s inevitable rise, and the Federal Reserve better get used to it.

At press time, Bitcoin was trading at $99,550, so if you didn’t grab yours yet, well, good luck with that.

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2025-05-09 06:27