David Bailey’s $200M Bitcoin PAC Aims for $10M BTC Price Tag
David Bailey, a Bitcoin entrepreneur and former adviser to President Donald Trump, is leading a Political Action Committee (PAC) targeting $100 million to $200 million to promote BTC-friendly policies.
As CEO of Nakamoto Holdings, a BTC treasury company, and founder of 210k Capital, a crypto-focused hedge fund, Bailey announced the decision in August 2025.Â
The PAC’s stated goal is to drive Bitcoin’s price to $10 million through long-term policy changes. The effort follows major crypto industry spending in the 2024 United States elections, estimated at $134 million to $160 million, which supported pro-crypto politicians.
Nakamoto Holdings, which raised $300 million in May 2025, will lead the PAC’s fundraising. The PAC will comply with United States regulations, requiring a treasurer, registration with the Federal Election Commission, and transparent financial disclosure.
The decision is similar to other crypto-backed political efforts, such as the Fairshake PAC, supported by Coinbase and Ripple Labs, which spent approximately $130 million in 2024 and holds $141 million for future campaigns.
Bailey’s PAC aims to leverage this momentum to influence Bitcoin’s regulatory framework, positioning it as a key player in the crypto policy landscape.
Community Drives Bailey’s Bitcoin Agenda for Change
The PAC’s agenda merges Bailey’s vision with community proposals, making regulatory and education reform top priorities.
Core objectives include eliminating capital gains tax on Bitcoin transactions, maintaining self-custody rights, and providing legal protections for open-source developers.
Community suggestions, gathered through Bailey’s X post, include integrating Bitcoin education into high school curricula, allowing foreign governments to settle debts in Bitcoin, and expanding Bitcoin ATM infrastructure.
Additional proposals advocate for nonpartisan Bitcoin promotion and federal funding for crypto education. These priorities aim to create a regulatory environment conducive to Bitcoin’s growth and mainstream acceptance.
The $10 million price target, while ambitious, shows Bailey’s long-term confidence in Bitcoin’s potential, supported by community engagement.
The PAC’s focus on policy reform and public education is in line with overall industry efforts to integrate cryptocurrencies into global financial systems, building on increasing institutional interest.
Legal Risks Threaten Bailey’s BTC PAC
The PAC is under attack, with special concern about legal and financial issues. Charles Allen, CEO of BTCS, warned that using Nakamoto Holdings’ public company funds for political activities could breach fiduciary duties, potentially triggering shareholder lawsuits.
Bailey responded by mentioning the role of Coinbase in favor of Fairshake, implying that the extent of engagement is the matter of concern, but it is a matter of dispute.
The $10 million price goal has drawn skepticism, as Bitcoin’s price, reaching an all-time high of $123,091 in July 2025, would require an 81-fold increase, a target critics call speculative.
Regulatory challenges, such as potential resistance to tax exemptions or self-custody protections, could remain obstacles, though no specific opposition has been confirmed.
Bailey’s fundraising success with Nakamoto Holdings’ $300 million raise validates hopes in his capacity to deliver, but navigating through legal and market difficulties will be crucial.
