Michael Saylor and Eric Trump’s Meeting at Mar-a-Lago Has Mixed Impacts on MSTR and BTC Prices
Key Takeaways
- Eric Trump and Michael Saylor emphasized their shared enthusiasm for Bitcoin during their meeting at Mar-a-Lago.
- Saylor has openly proposed to advise the Trump administration on constructive digital asset regulations.
- MicroStrategy stock slightly decreased during pre-market trading while Bitcoin price increased.
The intersection of cryptocurrency and politics gained fresh momentum as MicroStrategy CEO Michael Saylor met with Eric Trump, the second son of the U.S. President-elect and Executive Vice President of the Trump Organization, at the Mar-a-Lago estate.
The meeting sparked discussion within the crypto community, but had mixed impacts on MSTR stock and the Bitcoin (BTC) price.
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Saylor Meets Trump’s Son
MicroStrategy CEO Michael Saylor met Donald Trump’s son Eric, who is also executive vice president of the Trump Organization, at the Mar-a-Lago estate.
Eric Trump took to X to share their meeting , expressing their mutual enthusiasm for Bitcoin. Michael Saylor retweeted the post , adding, “Bitcoin is on the menu at Mar-a-Lago,” hinting at the cryptocurrency’s presence in their discussions.
Both have disclosed nothing more so far. Saylor has been a vocal supporter of Donald Trump , endorsing the Republican candidate during his campaign due to Trump’s favorable stance on the cryptocurrency industry.
He has also frequently criticized the Biden administration for what he perceives as its detrimental policies toward digital assets.
Possible Trump Crypto Counselor?
Beyond his public support, Saylor has expressed an interest in contributing to developing cryptocurrency policy under the incoming administration.
In a December interview with Bloomberg , he indicated his willingness to advise the Trump administration on crafting constructive digital asset regulations, offering to share his expertise either privately or in a public forum.
“I’ve met with a lot of people in the incoming administration, but I couldn’t comment further than that,” Saylor said.
The recent meeting signals a potential alignment between the Trump administration and influential figures in the cryptocurrency sector. It sparked speculation about how the new government might shape the future of digital assets in the U.S.
MSTR and Bitcoin Reactions
When Eric Trump shared his picture with Michael Saylor , the New York stock market was already closed. That day, MicroStrategy stock rose by 3.6% to $300.01 per share.
At the time of writing, during pre-market trading on Jan. 3, MSTR stock was decreasing by 0.6% to $298.27, signaling that the market almost snubbed the meeting between Saylor and Trump’s son.
On the other hand, Bitcoin’s price rose by 0.2% to $96,713,19 since Eric Trump’s post on X. Its trading volume was $39.54 billion, up by 20% daily.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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