David Bailey is planning to raise $100M–$200M to build a pro-Bitcoin political force.
But politics won’t fix Bitcoin’s outdated infrastructure. The growing realization is pulling more investors toward Bitcoin Hyper, a new Layer-2 project that future-proofs Bitcoin using Solana tech.
Political Action Committees (PACs) raise money to support political candidates and causes. They are becoming increasingly influential in the crypto space, too.
For example, Fairshake, backed by Coinbase and Ripple Labs, has played a key role in getting pro-crypto voices into office.
David Bailey’s PAC could be the next big political move for Bitcoin, ahead of the 2026 elections.
Bailey, the Chairman of Bitcoin Magazine, now heads Nakamoto Holdings. The bitcoin treasury company is building a global portfolio of bitcoin native companies across media, advisory, and finance.
Bailey was also President Donald Trump’s Bitcoin advisor during the 2024 election campaign.
He is now looking to raise capital to advance Bitcoin priorities. The PAC’s mission could involve pushing for zero capital gains tax on $BTC, self-custody rights, and federal funding for Bitcoin education.
The X thread also attracted some interesting ideas like legal protections for developers, more Bitcoin ATMs, and allowing foreign governments to repay U.S. debt in Bitcoin.
Still, many have warned Bailey to proceed with caution as he heads Nakamoto Holdings, questioning whether mixing political efforts with shareholder assets could pose legal risks.
I’d be careful, your duties are to shareholders, if you anchor political efforts with public company funds, you may find yourself staring down the barrel of a class action lawsuit for breach of fiduciary duty. Not involved in politics, but have decades of experience with public companies. My advice is to tread very cautiously.
—Charles Allen, CEO of publicly traded company BTCS.
Bailey points to Fairshake as proof that this approach isn’t a serious cause for concern.
Under Trump’s return to office, crypto has gone from political headache to policy focus. Clearer SEC rules, better tax guidance, and government backing encourage institutions to dive in.
Asset managers are pouring into $BTC ETFs. Hedge funds are increasing allocations. Overall, $BTC treasuries are on the rise.
But is Bitcoin ready to handle its growing acceptance?
Here’s how it works: you first deposit $BTC to a given address on the main network. The Hyper Layer-2 then mints wrapped $BTC through a cross-chain canonical bridge.
You can then use your wrapped $BTC to access cross-chain platforms and dApps not otherwise compatible with $BTC. Think NFT marketplaces, simplified DeFi lending, or even DAO governance.
Unlike most new crypto projects that remain a theory, the Bitcoin Hyper devnet is already operational, with features like program deployment via Solana CLI and real-time transaction visibility via the blockchain explorer.
Early buyers are wasting no time hoarding the token at low costs (currently $0.012525). The dynamic staking rewards, now at 152%, also make early backing even more attractive. Note the reward rate goes down as more investors start staking.
The crypto market might be lukewarm this week, but the long-term picture looks fiercely bullish, with Bitcoin-backed PACs, improving regulatory clarity, and institutional accumulation.
More importantly, projects like Bitcoin Hyper are actively solving Bitcoin’s infrastructure gaps, helping it turn into a base layer for real-world applications.
As always, do your research before investing in cryptocurrencies. This is not financial advice.
