JD Vance Just Issued A Huge Bitcoin Prediction After $2 Trillion Price Rally
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The bitcoin price has rocketed around 50% since plummeting to April lows of $75,000, pushed on by fears of a growing U.S. dollar 'crisis" and catapulting bitcoin to a $2 trillion market capitalization.
Now, as another big company follows Michael Saylor's Strategy in buying bitcoin, U.S. vice president JD Vance has predicted the number of Americans who own bitcoin is about to double to 100 million.
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'Fifty million Americans own bitcoin. I think it's gonna be 100 million before too long," Vance said, speaking at the Bitcoin 2025 conference in Las Vegas.
Vance added that he still holds a "fair amount of bitcoin today" and that bitcoin will be a strategically important asset for the U.S. over the next decade as it faces off with China.
"The People's Republic of China doesn't like bitcoin. Well, we should be asking ourselves, why is that," Vance said in comments reported by Reuters.
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'Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin.'
Vance hailed U.S. president Donald Trump, who announced he would create a U.S. strategic reserve if elected president at last year's bitcoin conference in Nashville, as crypto's long-awaited 'champion.'
"Crypto is a hedge against bad policy making from Washington, no matter what party is in control," Vance said in comments reported by Axios.
"I'm here today to say loud and clear with president Trump, crypto finally has a champion and an ally in the White House."
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