There's been big news in the Bitcoin world lately! David Bailey, the head of Bitcoin Treasury Nakamoto, has announced a major move: establishing a new political action committee (PAC) and aiming to raise $100-200 million to support Bitcoin.

Simply put, Bailey wants to use his money to influence US politics and get the government to pay more attention to Bitcoin. While his company currently holds only 21 Bitcoins (worth a few million dollars at current prices), they plan to buy hundreds of millions more before August 11th!

This newly formed PAC plans to focus on the 2026 US midterm elections. In the US, super PACs can spend a fortune to influence elections. Bailey and his team plan to dedicate 4% of the super PAC's total budget to this effort—no small amount!

Simply put:

1. Bitcoin giants are teaming up to get involved in politics.

2. They're preparing to invest heavily in Bitcoin.

3. They want to use their money to influence the 2026 US election.

4. Their goal is to get the government to take Bitcoin more seriously.

If this happens, it will definitely be a boon for Bitcoin. However, some worry that linking Bitcoin with politics will create new problems. After all, the political arena is fraught with uncertainty, and who knows how it will ultimately play out.

For now, it seems Bailey is determined to give Bitcoin a greater voice. It remains to be seen whether they can truly raise the necessary funds and how they will spend them. Bitcoin enthusiasts should continue to monitor this development; it may influence future Bitcoin price trends! $BTC