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Cryptocurrency News Articles
Michael Saylor Meets With Eric Trump, Sparking Bitcoin Speculations
Jan 03, 2025 at 02:51 pm
MicroStrategy chairman Michael Saylor has met with Donald Trump's son, Eric Trump, sparking speculations within the cryptocurrency community.
MicroStrategy chairman Michael Saylor met with Donald Trump’s son, Eric Trump, in a meeting that sparked speculations within the cryptocurrency community.
The meeting, which took place in Mar-a-Lago, President-elect Donald Trump’s private club in Palm Beach, Florida, was announced by Eric Trump in a tweet on Friday. Saylor confirmed the meeting with a retweet.
Bitcoin on the menu
While neither Eric nor Saylor disclosed details of the meeting, both suggested that it pertained to Bitcoin and the crypto industry.
“Two friends, one passion: Bitcoin,” Eric Trump tweeted.
The former MicroStrategy CEO also implied that Bitcoin was part of the discussion with Trump’s son. “Bitcoin is on the menu at Mar-a-Lago,” Saylor noted in his retweet.
Bitcoin is on the menu at Mar-a-Lago.
Saylor threw his support behind Donald Trump during his campaign days, particularly due to the Republican candidate’s warm disposition toward the cryptocurrency industry.
The Bitcoin evangelist has often criticized the Biden administration for setting the sector back, slamming the administration's "anti-Bitcoin" policies.
Moreover, the MicroStrategy chairman has indicated an interest in advising the incoming Trump administration on cryptocurrencies.
In a mid-December Bloomberg interview, Saylor said that he would be willing to share his thoughts on constructive digital asset policies with Trump confidentially or publicly.
Community shares bullish thoughts
Saylor’s tweet elated the crypto community, which highlighted the bullish nature of the meeting.
A good number of reactions to the tweet stated that the meeting further disclosed the incoming administration’s commitment to the industry, predicting that Bitcoin would see higher prices soon.
One response suggested that the meeting might center around creating a U.S. strategic Bitcoin reserve, an area where Saylor has demonstrated expertise.
The executive chairman convinced the video-sharing platform Rumble to save in Bitcoin and also made a failed attempt to convince Microsoft to adopt the asset as a strategic reserve asset.
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