Trump Advisor Bailey Aims to Create $200m Political Campaign Chest to Boost Bitcoin

Bailey is a highly influential crypto entrepreneur, investor, and advocate, especially known for his contributions to Bitcoin’s institutional adoption and political integration. 

As well as being a co-founder and CEO of Nakamoto, he is the CEO of BTC Inc, a company focused on the “Hyperbitcoinization” of the world and leads Bitcoin-focused hedge fund 201k Capital. He also served as an advisor to Donald Trump during his 2024 presidential campaign and has been credited with influencing President Trump’s pro-crypto shift.

After merging with publicly traded healthcare company KindlyMD earlier this year, Nakamoto is currently on the bottom rung of the Bitcoin treasury ladder, holding only 21 BTC. But Bailey has big plans: he said on X that the company has “almost $1b” to spend on advancing its Bitcoin treasury ambitions. 

Raising money

Bailey announced his new goal in a post on X, stating, “I’ve learned a lot about politics and how the game is played this year. I’m thinking about raising a $100m-$200m PAC (anchored by Nakamoto) to advance Bitcoin priorities.” A Political Action Committee raises funds and then donates to support parties, causes or candidates to advance specific aims.

A PAC with funding in that range would immediately be a major player in elections all around the US, in both local and federal races. According to Open Secrets, a nonprofit organization focused on gathering and sharing statistics on money in US politics, there were 2,502 super PACs active in the 2024 election cycle, spending on average a little over one million dollars each. 

The most notable crypto-related PAC is Fairshake, backed by Coinbase and Ripple Labs. It spent around $130 million in the 2024 election cycle and is likely to spend a similar amount during the 2026 mid-terms. 

Crypto advocates

Bailey is not the only crypto leader who wants to advance the interests of the industry politically. Others include:

• Strategy’s Michael Saylor
• Winklevoss Capital’s twins Tyler and Cameron
• Twenty One’s Paolo Ardoino
• Coinbase’s Brian Armstrong
• Block’s Jack Dorsey 

They have all advocated publicly for BTC and crypto, with some even receiving invitations to the White House.

Open to ideas

Bailey is fielding ideas from the public as to what “should be part of the Bitcoin voter platform.” But among his replies to comments, he noted that the goals would be “to position for the long term” and “send Bitcoin to $10m/btc.” His confidence is clear though: in a reply to one commenter, he noted “we are the special interest now.”