Trump’s Ex-Crypto Advisor David Bailey Plots Bitcoin Investment Venture—Because Wall Street Just Can’t Resist Digital Gold

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Coindesk

Release Time:

2025-05-07 20:46:54

Trump Crypto Advisor David Bailey In Talks to Launch Bitcoin Investment Company: The Information

David Bailey—once a crypto advisor to Donald Trump—is reportedly in talks to launch a Bitcoin-focused investment firm, according to The Information. Because what the world needs now is another fund promising to ’democratize finance’ while charging 2-and-20.

The move signals growing institutional FOMO as Bitcoin shrugs off regulatory crackdowns and ETF approvals alike. Bailey’s play? Capitalize on the political-financial complex’s sudden love affair with hard money—just don’t ask how he’ll reconcile that with Trump’s occasional anti-crypto rants.

Wall Street’s latest pivot to crypto: less ’revolution,’ more ’how do we skim fees off this thing?’

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