According to BlockBeats, on July 19, Bitcoin Magazine CEO David Bailey expressed on his social media platform that the media is attempting to undermine former President Donald Trump's support for Bitcoin by highlighting donations from the crypto industry to his campaign. Bailey emphasized that the crypto industry is demonstrating its influence by showing that it will strongly support those who collaborate with it, while potentially ending the careers of those who oppose it.

Bailey further noted that following the upcoming election, Bitcoin is expected to receive bipartisan support in the United States due to political necessity.