Eric Trump shared details of the meeting with Michael Saylor, co-founder and CEO of MicroStrategy, at Mar-a-Lago.
Setting the tone, in a post on X, Eric Trump, executive vice president of the Trump Organization, described the meeting as “Two Friends, One Passion: Bitcoin,” on January 3. Their interaction speaks to the growing relationships between the big names. People in Business and Bitcoin (Bitcoin) ecosystem amid the growing importance of cryptocurrency in elite circles.
The meeting and accompanying opinions come on the heels of growing interest in Bitcoin within Trump's sphere. Trump is ramping up his public alliance with Bitcoin advocates like Saylor.
Trump also has connections to global financial freedom, Which provides users with cryptocurrency trading services, DeFi solutions, blockchain innovation, and cryptocurrency education. The incoming president's son also publicly showed support for cryptocurrencies on his X device on August 7, with the 40-year-old saying he "really fell in love with Crypto/DeFi." While he often presents himself as a business influencer, Trump's presence adds visibility to World Liberty Financial. The company's goal is to make "decentralized finance widely available," Trump said in a two-hour X livestream on September 16, 2024.
Saylor is among the most influential figures in the cryptocurrency space and is known for his early and aggressive purchase of BTC as one of the company's treasury assets. Saylor has always been a strong advocate of Bitcoin as a long-term store of value, a much-needed hedge against the continuing rise in inflation of fiat currencies.
Under Saylor's leadership, MicroStrategy became the leading company Best performer Cryptocurrency Stock for 2024, making it one of the largest institutional holders of BTC. However, stock prices soon fell below $300 on December 31. Saylor also found himself under intense criticism, as did many analysts. Named His Bitcoin 21/21 target is “unreliable.”
However, Saylor does not appear to be swayed by the analysis and has met with Eric Trump to continue his plans to purchase $42 billion worth of Bitcoin in the next three years. The meeting between Trump and Saylor represents how traditional business leaders are opening up to rally around the growing cryptocurrency ecosystem.
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