David Bailey Launches $200M Bitcoin PAC With $10M $BTC Price Target
Key Takeaways
$100M-$200M Bitcoin PAC launched by David Bailey (ex-Trump advisor, Nakamoto Holdings CEO)
Goal: Push $BTC to $10M via pro-crypto policies (tax reform, developer protections, education)
Modeled after Fairshake PAC (Coinbase/Ripple-backed, spent $130M in 2024)
Legal risks: Potential shareholder lawsuits over public company funds usage
The $10M Bitcoin Agenda
Bailey’s PAC merges his vision with community proposals:
🔹 Tax Reform: Eliminate capital gains tax on BTC transactions
🔹 Self-Custody Rights: Protect user ownership of private keys
🔹 Developer Shields: Legal safeguards for open-source contributors
🔹 Education Push: Bitcoin in schools, federal crypto literacy funding
Community add-ons:
Bitcoin ATMs nationwide
Let foreign governments settle debts in BTC
Nonpartisan $BTC promotion
"We have to position for the long term," Bailey tweeted, citing the PAC’s decades-scale outlook.
Funding & Legal Risks
💰 Nakamoto Holdings ($300M raised in May 2025) to anchor PAC
⚖️ Criticism: BTCS CEO warns of fiduciary duty breaches if public funds are used
🛡️ Bailey’s defense: Points to Coinbase’s Fairshake precedent
Skepticism Alert:
BTC needs 81x growth from its July 2025 ATH ($123K) to hit $10M
Regulatory hurdles (tax exemptions, custody laws) remain uncharted
Political Crypto Momentum
📊 2024 election spending: Crypto industry deployed $134M-$160M
🎯 Fairshake PAC: Holds $141M for future campaigns
🗳️ Bailey’s play: Leverage policy wins to mirror gold’s 1970s legal transformation
What’s Next?
✅ PAC registration: FEC compliance, treasurer appointment
✅ Fundraising: Targeting Nakamoto investors + crypto whales
⚠ Watch: Shareholder lawsuits, regulatory pushback
Posted: August 5, 2025
Why This Matters: If successful, this PAC could reshape Bitcoin’s legal framework—potentially accelerating institutional adoption. But the $10M price target remains a moonshot requiring unprecedented macro shifts.
