David Bailey Plans $200M PAC to Push Pro-Bitcoin Policies

Crypto News Regulation

$200 Million Bitcoin PAC? David Bailey’s Plan to Back Pro-Bitcoin Policies

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 05, 2025

Key Takeaways

David Bailey plans to raise up to $200 million for a PAC aimed at advancing Bitcoin-focused political goals in the US;
The fund may target long-term growth for Bitcoin, including pushing its price to $10 million and shaping favorable crypto policies;
Community suggestions include tax reform, self-custody rights, open-source protections, and Bitcoin education in schools.

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$200 Million Bitcoin PAC? David Bailey’s Plan to Back Pro-Bitcoin Policies

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David Bailey, founder of Bitcoin Magazine and BTC Inc., is planning to raise up to $200 million for a political fund focused on supporting Bitcoin BTC $90,663.02 -related efforts in the US.

Bailey stated in an August 3 post on X that he is considering setting up a political action committee (PAC) backed by Nakamoto Holdings, a Bitcoin treasury company he manages, with a fundraising goal of $100 to $200 million.

In recent years, several crypto-related PACs have become more active. One of the largest, Fairshake, received backing from firms like Coinbase $1.71B and Ripple Labs and spent around $130 million during the 2024 elections.

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According to Bailey, one goal of the proposed PAC is to help raise Bitcoin’s value to $10 million over time, but he also emphasized a goal of supporting long-term progress in the Bitcoin community.

He also asked for feedback from the community. Alex Gladstein of the Human Rights Foundation recommended pushing for legal safeguards for developers working on open-source Bitcoin tools, expanding Bitcoin education to high schools, and giving countries that owe the US money the option to repay in Bitcoin.

Additionally, Stephan Livera, who hosts a Bitcoin podcast, suggested the group focus on removing capital gains tax for Bitcoin transactions and protecting the ability of users to hold their own assets.

Recently, Robert "Bo" Hines confirmed that the Trump administration still plans to build a national Bitcoin reserve. What did he say? Read the full story.