On May 28th local time, at the grandly held Bitcoin 2025 conference in Las Vegas, US Vice President James David Vance delivered an important speech, discussing the development trend and significance of cryptocurrencies, especially Bitcoin, in the United States. A series of eye-catching viewpoints were expressed.
Vance disclosed in his speech that according to relevant data statistics, there are currently about 50 million Americans holding Bitcoin, and he is full of confidence in the future popularity of Bitcoin in the United States, firmly believing that this number will soon increase to 100 million. In his view, cryptocurrencies are playing an extremely crucial role in the current complex economic and policy environment and can be regarded as an effective hedging tool. He particularly pointed out: “Cryptocurrencies are a powerful hedge against Washington’s poor policies and also an effective protection against soaring inflation.” Vance believes that in the past period of time, there have been many problems with domestic policies in the United States, and the emergence of cryptocurrencies has provided the public with a way to resist these adverse factors.
Vance further elaborated that cryptocurrencies are not merely a new financial instrument. The decentralized, secure and transparent features they embody enable them to to a certain extent avoid the risks brought about by the traditional financial system and policies. In recent years, the United States has been confronted with economic and social problems such as rising inflationary pressure and the poor effectiveness of some policies. Under such circumstances, the wealth of many people has been eroded. Cryptocurrencies like Bitcoin, due to their constant total amount and non-controllability by a single government or institution, offer the public a new asset allocation option, helping them seek the preservation and appreciation of their assets in an unstable economic environment.
Vance also emphasized that the Trump administration holds a positive supportive attitude towards cryptocurrencies, and now Bitcoin finally has firm supporters and Allies in the White House. He mentioned that since the Trump administration came to power, it has taken a series of measures conducive to the development of the cryptocurrency industry. For instance, efforts should be made to eliminate the unreasonable rules, cumbersome administrative procedures and frequent legal lawsuits imposed on the cryptocurrency industry during the previous administration, so as to create a more relaxed and fair development environment for the cryptocurrency industry.
In addition, the government is vigorously promoting the implementation of the “GENIUS Act”. Once this act takes effect, it is expected to greatly expand the application scope of stablecoins as digital payment systems, bringing more convenient and efficient payment experiences to millions of people in the United States. At the same time, this bill will also strengthen the protection of the rights and interests of cryptocurrency holders, further enhance the transparency of the cryptocurrency market, and promote the healthy and orderly development of the entire industry.
It is worth mentioning that Vance also disclosed in his speech that he holds a considerable amount of Bitcoin. He demonstrated his recognition and support for cryptocurrencies through his own actions, which undoubtedly enhanced the market’s confidence in cryptocurrencies to a certain extent. He believes that Bitcoin will play a positive and important role in the country’s future strategic layout. With the acceleration of the global economic digitalization process and the increasingly fierce competition among countries in the fintech field, the cryptocurrency technology represented by Bitcoin is expected to become an important driving force for the United States in financial innovation, economic development and other aspects, helping the United States gain an advantageous position in the global digital economy competition.
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