Crypto: Trump’s Ex-crypto Advisor: Us Government Must Go Beyond 'liking...

Bitcoin will eventually reach a point where the US government creates the conditions it needs to succeed, whether that takes 10 or 20 years, according to a Bitcoin executive.

David Bailey, a former crypto advisor to the Trump administration, argues that the US government could be doing more to support Bitcoin adoption.

“At the end of the day, liking Bitcoin is not enough,” Bailey said during the Bitcoin Investor Week Conference in New York, which was published to YouTube on Tuesday.

“The Trump administration was a very important first step, but you know there is so much further for us to go and not just in talk but in actual delivery,” said Bailey, who now serves as CEO and Chairman of KindlyMD, a Bitcoin treasury company.

Trump repeatedly voiced his support for Bitcoin (BTC) and the broader crypto industry during his presidential campaign appearances.

While he signed an executive order for a Strategic Bitcoin Reserve in March 2025, it is understood that the US government has yet to begin accumulating Bitcoin outside of the funds seized through illicit activity.

“We’re sitting here a year later, the Strategic Bitcoin Reserve was signed into an executive order,” Bailey said.

“Last time I checked, we don’t even know how much Bitcoin we have exactly,” Bailey added. Data from Arkham Research shows it currently holds 378,372 Bitcoin, worth approximately $22.48 billion at the time of publication.

Just two months after Trump signed the executive order, White House AI and crypto czar David Sacks said the process of accumulating wouldn’t be so straightforward, explaining that the US could buy more Bitcoin if the government could fund the purchase in a “budget-neutral” way, without a tax or adding to the growing national debt.

Industry participants became more divided on the possibility as the year progressed. Some stayed optimistic. Galaxy Digital’s head of firmwide research, Alex Thorn, said in September that there was a “strong chance” it would still happen before the end of 2025.

Source: CoinTelegraph