$200 Million Bitcoin PAC? David Bailey’s Plan to Back Pro-Bitcoin Policies
Main Idea
David Bailey, founder of Bitcoin Magazine and BTC Inc., plans to create a Bitcoin-focused political action committee (PAC) with a fundraising goal of $100 to $200 million to support pro-Bitcoin policies and long-term progress in the Bitcoin community.
Key Points
1. David Bailey is planning a Bitcoin PAC backed by Nakamoto Holdings, aiming to raise $100 to $200 million.
2. The PAC's goals include increasing Bitcoin's value to $10 million over time and supporting long-term progress in the Bitcoin community.
3. Crypto-related PACs, like Fairshake, have been active, with Fairshake spending around $130 million during the 2024 elections.
4. Community feedback was sought, with suggestions like protecting users' ability to hold their own assets.
Description
David Bailey , founder of Bitcoin Magazine and BTC Inc., is planning to raise up to $200 million for a political fund focused on supporting Bitcoin BTC-related efforts in the US .
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