Paul Manafort Played Key Role in Trump’s Shift Toward Bitcoin
Donald Trump has shifted his stance on Bitcoin, previously labeling it a "scam against the dollar." His change was influenced by discussions with Bitcoin advocates, including David Bailey, CEO of BTC Inc.
Key points:
- Trump sold three NFT collections on Polygon before engaging with Bitcoin mining executives.
- He and First Lady have their own memecoins on Solana and a DeFi project called World Liberty Fi.
- A connection through Paul Manafort facilitated education about Bitcoin to Trump’s team.
- Concerns about Bitcoin undermining the dollar were addressed by comparing it to gold stored in Fort Knox.
- Trump agreed to a meeting at Trump Tower to discuss Bitcoin further.
These interactions suggest a strategic shift towards embracing Bitcoin as part of his financial narrative leading into the election season.