FameEX Hot Topics | Trump's Crypto Advisor Anticipates Significant Nation-State Investment in Bitcoin Market

David Bailey, former cryptocurrency advisor to Donald Trump and CEO of BTC Inc., predicts a significant shift toward Bitcoin adoption by nation-states within months. Bailey envisions these countries taking the next step of establishing Bitcoin reserves as part of their economic strategies. Recently, he hinted on social media that some nations are quietly experimenting with Bitcoin mining programs to assess the potential of digital assets.

Bailey revealed that “most developing nations have funded a domestic mining program as a test,” noting that these early adopters are progressing toward larger-scale projects. He highlighted that these activities are happening discreetly, allowing countries to evaluate Bitcoin’s role without drawing immediate global attention. This subtle approach enables governments to consider Bitcoin's integration within their economic frameworks.

He outlined various options for countries looking to build Bitcoin reserves, from strategic stockpiling to central bank purchases or incorporating Bitcoin into sovereign wealth funds. While smaller nations like El Salvador, which buys one Bitcoin daily, and Bhutan, which mines Bitcoin, have already begun accumulating reserves, larger countries are still hesitant. Bailey believes this next phase could see significant monthly investments, with billions directed into Bitcoin by participating nation-states.

Bailey noted that the “Overton window”—the range of socially acceptable ideas—has shifted dramatically, making the concept of state-level Bitcoin investment more feasible than ever. He expects this momentum will soon lead one or more countries to enter the Bitcoin market significantly, potentially reshaping global finance.

Only a few organizations are actively promoting Bitcoin adoption at the national level. JAN3, led by CEO Samson Mow, works with state leaders to outline the benefits of holding Bitcoin as a reserve asset. Mow has warned of covert efforts by institutions like the IMF and World Bank to slow Bitcoin adoption in emerging economies, aiming to maintain the existing financial system. Despite these obstacles, both Mow and Bailey believe that widespread adoption by nation-states is near.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.