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

US President Donald Trump's Bitcoin advisor David Bailey announced his new Bitcoin (BTC) move.

Accordingly, David Bailey aims to raise $200 million to establish a political action committee to advance Bitcoin's interests in the United States.

Bailey, who is also the founder of Bitcoin Magazine and BTC Inc., served as an advisor during Trump's presidential campaign and is considered a key supporter of the president's transition to Bitcoin.

“I've learned a lot this year about politics and how the game is played,” Bailey said, referring to his Bitcoin treasury company, Nakamoto Holdings.

“I'm considering raising a $100-200 million PAC under Nakamoto's leadership to advance the Bitcoin cause.” Bailey added that one of the PAC's main priorities will be to increase the price of Bitcoin to $10 million and strengthen its long-term position.

Charles Allen, CEO of publicly traded company BTCS, said Bailey should proceed with caution due to his connections to other Bitcoin companies.

Bailey founded Nakamoto Holdings, a Bitcoin holding company that raised $300 million to launch in May, and 210k Capital, a hedge fund focused on Bitcoin investments.

“Be careful, your duty is to shareholders.

If you fund your political efforts with public company funds, you could find yourself facing a class action lawsuit for breach of fiduciary duty,” Allen warned Bailey. *This is not investment advice.

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