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US presidential candidate Donald Trump’s support for Bitcoin and cryptocurrencies was met with an unexpected development around the world. It turned out that those who convinced Trump, who was against cryptocurrencies about Bitcoin about three years ago, were David Bailey and two friends. The trio also organized the “roundtable” meeting held at Trump’s Mar-a-Lago home.
While the crypto and Bitcoin community supported Donald Trump in the US elections, his opponent Kamala Harris’ camp still remains silent on the subject. While Trump openly played the crypto and Bitcoin card, especially to gain the support of young voters, it turned out that those who brought him to this point were three Bitcoin maximalists.
CNBC from the US media reached the details of how Trump became a supporter of Bitcoin and cryptocurrencies in a short time.
Those who convinced someone like Trump, who was against Bitcoin in the past; Bitcoin Magazine CEO David Bailey, Amanda Fabiano, known as a pioneer in Bitcoin mining, and Tracy Hoyos-Lopez, a former California prosecutor, were stated to be the three people living in Puerto Rico and were neighbors to each other.
Trump Made His Bitcoin Decision Made at Dinner in Puerto Rico
The trio, who live in Puerto Rico, a small island in the Caribbean, decided to take action at David Bailey’s suggestion while having a family dinner in early July. Bailey said, “I’ve been in contact with the Trump administration for a while. I’m thinking of organizing a meeting to tell them about Bitcoin mining. Let’s talk about it?”
Bailey knew that a serious donation commitment was needed to convince Trump. That’s why he thought support should be received from mining companies.
“We Couldn’t Have Done It Without Amanda Fabiano”
Tracy Hoyos-Lopez, Bailey’s neighbor in Puerto Rico and passionate about Bitcoin, reached out to a critical name from the Trump administration for the meeting. Hoyos-Lopez said the following on the subject:
“If you want to be considered for Bitcoin, you have to reach out to important people. And when it comes to miners, there is probably no more serious and important group. Without Amanda, we could not have done this. Thanks to her, Trump and his team believed that Bitcoin mining was a legitimate business and activity. She is truly the queen of miners… She brought all the miners and convinced the other side.”
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The trio took action after the dinner they had in Puerto Rico. David Bailey, who had been in contact with the Trump team for months, flew to New York and met with Trump. Following this meeting, Trump agreed to hold a “roundtable” meeting with many Bitcoin mining company executives at his home in Mar-a-Lago.
The Speech in Nashville Came Out of This Meeting
Trump later attended the Bitcoin Conference held in Nashville. The speech he gave here was like the words of a Bitcoin advocate. Trump’s statements, “Bitcoin will never be sold, I will fire Gary Gensler, I will keep people like Elizabeth Warren out of the industry,” were met with great applause.
Fabiano, who played an important role in organizing the meeting, said the following:
“That roundtable meeting felt more real to Trump and his team than they expected. They said, ‘Yes, this industry is real, the dollars that are brought to us for donations are real, and they offer important ideas in terms of the goals of the United States.’ In other words, they were convinced.”
As is known, Bailey started a dialogue with the Trump team in March. Following this dialogue, Trump launched an NFT on the Solana blockchain in April and became the first US presidential candidate to accept cryptocurrency donations in May. Trump, who accepted the “roundtable” meeting, was also convinced to attend the Bitcoin Conference after this meeting.
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