How Trump became a Bitcoiner | David Bailey

16 snips

Feb 20, 2025

David Bailey, Founder of Bitcoin Magazine and a key figure in the Bitcoin community, shares his insights into the future of Bitcoin. He discusses the evolution of the Bitcoin market, the significance of establishing a strategic reserve, and the potential for Bitcoin to become part of national reserves. Bailey reflects on the challenges faced in the cryptocurrency space, including navigating political influences and the impact of ETFs on Bitcoin accessibility. He also delves into innovative strategies for global investors and the fascinating concept of hyperbitcoinization.

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ANECDOTE

Bitcoin Magazine Acquisition

David Bailey acquired Bitcoin in 2012 and dedicated his career to it in 2013.
He bought Bitcoin Magazine in 2014 after the founders shifted focus to Ethereum.

ANECDOTE

ICO Boom and Bust

Bailey's company made and lost a significant amount of money during the ICO boom and subsequent bear market.
This experience led him to refocus solely on Bitcoin.

ADVICE

Focus on Core Beliefs

Focus on what you truly believe in, especially during market downturns.
Bailey advises sticking with core beliefs and pivoting towards them.

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Gm! This week we're joined by David Bailey for a discussion on the current state of the Bitcoin market. We deep dive into David's background building one of the largest Bitcoin media & events companies in the world, working with the Trump campaign, the 2025 corporate Bitcoin strategy, the outlook for a strategic reserve & so much more. Enjoy!

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Timestamps:

(00:00) Introduction

(00:57) David's Origin Story

(14:17) Sponsors (Geodnet & Uniswap)

(15:13) The Bitcoin Conference

(25:41) The Trump Bitcoin Journey

(35:16) Sponsors (Geodnet & Uniswap)

(36:54) The Strategic Bitcoin Reserve

(42:24) Strategic Reserve vs Stockpile

(46:47) The Crypto Council

(49:28) Sponsors (Aptos, Bitwise, Arweave)

(51:48) Hyperbitcoinization

(55:06) The Bitcoin Strategy

(01:13:54) The Four Year Cycle

(01:17:06) David’s Opinion On Crypto

(01:26:12) The Path To $1 Million Bitcoin

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.