Former Trump crypto advisor: The U.S. government cannot remain only at the level of "liking Bitcoin"

BTC2,76%

PANews March 4th News, according to Cointelegraph, former Trump administration crypto advisor David Bailey stated that the U.S. government can do more to support Bitcoin, saying “Liking Bitcoin alone is not enough.” He pointed out that although Trump signed an executive order on strategic Bitcoin reserves in March 2025, a year later the government still has not actively started accumulating Bitcoin and is even unclear about the exact amount held. Bailey believes that liking Bitcoin does not mean being willing to invest the necessary political capital to push things forward. He emphasized that whether it takes 4 years, 10 years, or 20 years, Bitcoin will eventually succeed, but to continue making progress, more people need to own Bitcoin each year.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC Breaks Through 71,000 USDT

Gate News bot message, Gate market display, BTC breaks through 71,000 USDT, current price 71,050.1 USDT.

CryptoRadar1m ago

Gate's annual trading volume increased by $3.9 trillion, a 204% year-over-year growth.

CryptoQuant report shows that Gate's trading volume increased by $3.9 trillion over the past year, a 204% year-on-year growth, ranking first in both BTC and perpetual contract markets. Its derivatives trading is rapidly expanding, making it the fastest-growing exchange in 2025, demonstrating sustained liquidity and market share advantages.

GateNews6m ago

BTC 15-minute increase of 0.83%: Short covering and on-chain large funds resonate to drive the move

From 08:30 to 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility. The main drivers of this movement are partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC retested a key support level, short positions were forced to cover and buy, pushing the price higher. During the same period, the frequency of large on-chain transfers and the average transaction amount increased markedly.

GateNews11m ago

BTC Breaks Through 70,000 USDT

Gate News bot message, Gate market display, BTC breaks through 70,000 USDT, current price 70,060.9 USDT.

CryptoRadar13m ago

MARA Signals Possible Bitcoin Sales After Treasury Policy Shift

MARA Holdings revised its policy to allow sales of existing Bitcoin reserves starting in 2026, while also reporting significant losses from trading and lending despite earning $32.1 million in interest. The company retains 53,822 BTC, having adjusted its strategy to enhance treasury flexibility amid market volatility.

CryptoFrontNews23m ago

US Spot Bitcoin ETFs Add $225M as BlackRock IBIT Offsets Redemptions

US spot Bitcoin ETFs posted mixed trading flows on Tuesday, reflecting a nuanced backdrop for the U.S. ETF market as investors weighed short-term liquidity against broader risk-off sentiment. Data from SoSoValue showed that overall spot BTC ETFs drew a net inflow of $225.2 million, highlighting

CryptoBreaking23m ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)