Bloomberg reports David Bailey successfully persuaded Trump to back cryptocurrency.
Bailey's hedge fund boasts a staggering 640% annual return, adding credibility to his influence.
The lobbyist ties Trump's pension investment strategy to crypto, amplifying election-driven market hype.
Meanwhile, dYdX's acquisition of a social platform signals growing institutional interest in DeFi expansion.
Bitcoin proxy stocks are surging as the market heats up.
Keep an eye on next week's congressional debate – policy decisions could spark significant price action.
