Latest news with #Bitcoin2025Conference
Yahoo
3 days ago
- Business
- Yahoo
Vice President JD Vance Predicts 100M Bitcoin Holders: 'The US Ought To Be Leaning Into Bitcoin'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. Vice President JD Vance on Wednesday predicted that Bitcoin (CRYPTO: BTC) adoption in the United States is on the cusp of doubling. What Happened: Addressing a crowd at the Bitcoin 2025 Conference in Las Vegas, he estimated that while 50 million Americans currently own Bitcoin, the number will soon surpass 100 million. His speech served as both a bullish forecast and a strategic roadmap, calling on the crypto community to remain politically active and engaged with policymaking to ensure the continued growth and protection of digital assets. "I believe it's 50 million Americans who own Bitcoin, and I believe that's going to be a hundred million before too long," Vance told the audience. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. The Vice President framed Bitcoin not only as a financial innovation but as a strategic asset that the U.S. must formally embrace to maintain global economic leadership. Vance laid out three core pieces of advice for the community — focused on political engagement, long-term strategy and awareness of the intersection between Bitcoin and artificial intelligence. Vance credited the crypto community's increasing involvement in politics for recent regulatory progress. Reflecting on his first Senate campaign, he noted the lack of organized resistance to anti-crypto regulation at the time. Now, he said, the landscape has changed. "Unless you guys get involved in politics, politics is going to ignore this industry," he said. He urged the community to carry the momentum from 2024 into 2026 and beyond, emphasizing that political pressure will be essential to preventing future regulatory overreach. The Vice President positioned Bitcoin as a long-term geopolitical tool, arguing that the U.S. should lean into adoption as strategic rivals lean away. "If the Communist Republic of China is leaning away from Bitcoin, then maybe the United States ought to be leaning into Bitcoin," he It Matters: Vance revealed that the administration has begun laying the groundwork for a Bitcoin Reserve, developed with input from Trump's AI advisor David Sacks, aimed at formalizing the asset's role in national economic strategy. He urged the audience to participate in shaping that future saying, "The way that Bitcoin is involved in the strategic future of our country, that's got to be a two-way conversation. While acknowledging the ideological divide that often separates proponents of Bitcoin and AI, Vance argued that the two technologies are deeply intertwined. He warned that regulatory developments in the AI space could have ripple effects on crypto and vice versa. "While this is certainly a Bitcoin conference... make sure you're keeping tabs on and staying involved in what's happening with artificial intelligence," he said. He called on the crypto community to be proactive in helping shape AI-related policies to ensure that both technologies are steered in a direction that benefits national and economic security. Vance also used the platform to tout recent policy changes made under the Trump administration. Chief among them was the formal end of what he referred to as "Operation Choke Point 2.0," a regulatory crackdown that targeted crypto businesses through banking restrictions and enforcement actions. "Operation Choke Point 2.0 is dead and it's not coming back under the Trump administration," he declared. He also reaffirmed support for the GENIUS Act, legislation focused on regulating stablecoins, arguing that clear rules will keep the fast-growing stablecoin sector within the U.S. rather than pushing it offshore. "We view [stablecoins] as a force multiplier of our economic might," Vance said, stating that dollar-pegged stablecoins should be embraced rather than treated as a threat. Looking ahead, Vance said the administration's third major policy objective will be pushing forward a market structure bill that establishes a tailored and transparent regulatory framework for all digital assets, further integrating them into the U.S. economy. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Vice President JD Vance Predicts 100M Bitcoin Holders: 'The US Ought To Be Leaning Into Bitcoin' originally appeared on Connectez-vous pour accéder à votre portefeuille
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
GameStop Buys $500 Million in Bitcoin in First Major Crypto Move
A general view of a Game Stop store on September 15, 2022 in Levittown, New York, United States. GameStop has taken its first major step into the world of cryptocurrency. On Wednesday, the video game retailer announced it purchased 4,710 bitcoins, spending more than $500 million. The move marks a new chapter for the company, which has been working to shift its focus and stay competitive. GameStop bought approximately $512.6 million worth of Bitcoin when the cryptocurrency was trading at around $108,837. This is GameStop's first venture into buying cryptocurrency. The company had already shared its plans in March, when its board agreed to use some of its money to invest in bitcoin. CEO Ryan Cohen, also known as the co-founder of Chewy, shared the reason behind the move in a video at the Bitcoin 2025 Conference in Las Vegas, CBS News said. He said the Bitcoin investment could help safeguard the company from financial risks. "Bitcoin has certain unique advantages compared to gold, the portability aspect of it," Cohen said. "It's instantly transferable across the globe. It's instantly verified via the blockchain... there's the scarcity element of it as well." 🎮 GameStop buys 4,710 BTC worth $512MFrom meme stocks to digital gold. The gamer-to-hodler arc is complete Press F to pay fiat 💾 — Telbloggram (@Telbloggram) May 29, 2025 GameStop Joins Crypto Race, Says Strategy Is Unique Cohen made it clear that this strategy is unique to GameStop. "GameStop is following GameStop's strategy. We're not following anyone else's strategy," he said. According to CNBC , GameStop's decision follows similar moves by other big names. MicroStrategy, now renamed Strategy, has become the largest corporate bitcoin holder after buying large amounts over the past few years. This trend is growing as more companies turn to bitcoin as a backup plan for global economic changes. GameStop is also not the only one jumping into crypto recently. Just one day earlier, Trump Media and Technology Group announced plans to raise $2.5 billion to invest in bitcoin. Bitcoin prices have been rising since Donald Trump was re-elected in November, with some leaders in his administration showing support for digital currencies. Even though GameStop's stock dropped nearly 11% on Wednesday, the company still has a strong cash reserve of $4.76 billion. With this latest investment, GameStop is hoping to stay ahead and find new ways to grow. Originally published on © {{Year}} All rights reserved. Do not reproduce without permission.
Gizmodo
4 days ago
- Business
- Gizmodo
JD Vance and President Trump's Sons Hype Bitcoin at Las Vegas Conference
Vice President JD Vance and the sons of President Donald Trump, Eric and Donald Trump Jr., spoke at the Bitcoin 2025 Conference in Las Vegas on Wednesday, hyping the cryptocurrency and promising to do everything in their power to ensure a friendly regulatory environment. And it's just the latest reminder that the Trump regime is all-in on crypto. Vance was eager to thank the Winklevoss brothers, Tyler and Cameron, who are longtime crypto investors and donated millions to the crypto super PAC Fairshake in the 2024 election cycle. Vance said that many people in Silicon Valley were nervous to support President Trump in his bid to retake the White House and credited the Winklevoss twins as some of the first to really get on board. 'Cameron and Tyler Winklevoss, I think they were some of the first big names in Silicon Valley to take that step and a whole host of people followed them. So Cameron and Tyler, thank you for that,' Vance said. Vance also thanked Coinbase, one of the organizers of the Bitcoin 2025 Conference, and a company that the SEC dropped its investigation into about a month after Trump again took power. The Trump regime has drawn criticism for dropping investigations into powerful people and companies that are seen as friendly to the president, and nobody seems to understand that better than the crypto community, which complained during Joe Biden's tenure that they were being unfairly targeted for being crooks. Vance told the audience he holds 'a fair amount of bitcoin,' without disclosing an exact number. The vice president previously reported that he held somewhere between $250,000 and $500,000 worth of bitcoin, according to financial disclosure paperwork he filed in the summer of 2024, shortly before the election. It's not clear if the VP has purchased more or sold any since that disclosure almost a year ago. Vance said he was 'eliminating the rules, the red tape, and the lawfare that we saw aimed at crypto by our predecessors,' referring to the Biden administration. And the VP specifically called out former SEC chairman Gary Gensler, long hated among crypto enthusiasts. 'Maybe the most important thing that we did for this community, we reject regulators and we fired Gary Gensler and we're going to fire everybody like him,' Vance told the crowd. While Vance did his part to assure conference attendees that he was doing everything he could to make sure people like Gensler were no longer able to influence policy, the president's sons leaned into the hype with a much more blunt approach. 'Every single day, people are allocating billions and billions of dollars to it. You know, 0.1 Bitcoin is going to be worth an absolute fortune,' Eric Trump said. The price of 0.1 bitcoin is about $10,700 today. Asked by a moderator what they thought bitcoin's price would be by 2026, Eric said 'the moon,' while his brother Donald Jr. said it would land somewhere between 150,000 and 175,000 dollars. The current price is hovering around $107,900, near an all-time-high. Eric Trump made a passing reference to his father's company Trump Media, the owner of Truth Social, which had just announced plans for a $2.5 billion investment in a bitcoin treasury this week. And he insisted 'everyone wants it, nobody wants to get rid of it,' doing his best to pump up the price. The bitcoin conference will have other speakers for its final day on Thursday, including Paolo Ardoino, the head of stablecoin company Tether. Ross Ulbricht, the founder of the infamous darknet market Silk Road who was sentenced to life in prison and served 11 years before being pardoned by Donald Trump, is also slated to speak Thursday.
Express Tribune
4 days ago
- Business
- Express Tribune
Bilal Bin Saqib announces Pakistan's first strategic Bitcoin reserve
Listen to article Pakistan has launched its first government-backed strategic Bitcoin reserve, marking a dramatic shift in its stance on cryptocurrencies. The announcement was made by Special Assistant to the Prime Minister (SAPM) on Crypto and Blockchain, Bilal Bin Saqib, at the Bitcoin 2025 conference in Las Vegas. Speaking to an international audience that included US Vice President JD Vance, Eric Trump, and Donald Trump Jr, he said the country is allocating 2,000 megawatts of surplus energy in Phase 1 to support Bitcoin mining operations and artificial intelligence (AI) data centres. 'The Pakistan of tomorrow is being built today by its youth and led by a new generation of tech statesmen,' said Saqib, adding that the move follows the US government's example in establishing a Bitcoin strategic reserve and reflects a broader shift towards pro-crypto policy under the Donald Trump administration. 🇵🇰 BREAKING: Pakistan to Launch a Strategic Bitcoin Reserve! At the #Bitcoin 2025 Conference in Las Vegas, Pakistan made a historic move Pakistan's Special Assistant to the PM on Blockchain, Bilal Bin Saqib, announced that the country will officially build a Strategic Bitcoin… — Crypto Patel (@CryptoPatel) May 28, 2025 In February 2025, Pakistan established a National Crypto Council to draft regulatory frameworks and attract foreign crypto investment. In April, Binance co-founder Changpeng Zhao was appointed as an adviser to the council. READ: Govt allocates 2,000MW for AI data centres, bitcoin mining On April 27, Trump-backed decentralized finance protocol World Liberty Financial (WLFI) signed a letter of intent to support Pakistan's tokenization of real-world assets and development of DeFi infrastructure. In another major step, Pakistan's Ministry of Finance recently commissioned the creation of the Digital Asset Authority to oversee licensing and regulation of crypto platforms. In further development, US President Donald Trump has issued an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile". These reserves will be initially funded using cryptocurrencies seized by the government in criminal and civil asset forfeiture cases. JUST NOW! President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile 🇺🇸 — Margo Martin (@MargoMartin47) March 7, 2025 David Sacks, the White House official overseeing AI and crypto policy, confirmed the move in a post on X on March 7. He explained that the Bitcoin reserve would be filled using federally held Bitcoin, while the Digital Asset Stockpile—announced in a March 6 White House fact sheet—will include other types of cryptocurrencies. This executive action marks a formal step toward integrating digital assets into US government financial planning and infrastructure.
Yahoo
4 days ago
- Business
- Yahoo
Crypto has a champion in the White House, Vance tells bitcoin conference
May 28 (UPI) -- President Donald Trump is a strong ally for the growing cryptocurrency industry, Vice President JD Vance told attendees at the Bitcoin 2025 Conference in Las Vegas on Wednesday. "Crypto finally has a champion and an ally in the White House," Vance said while delivering the event's keynote address, CBS News reported. "We want our fellow Americans to know that crypto and digital assets, and particularly bitcoin, are part of the mainstream economy and are here to stay," he said. Vance was this year's featured speaker at the annual bitcoin conference, which President Donald Trump headlined last year while campaigning for the presidency. Stablecoins stabilize the dollar He said the Trump administration does not view so-called stablecoins as destabilizing the U.S. dollar and instead strengthens it, CNBC reported. "We view them as a force multiplier for our economic might," Vance told the audience at The Venetian Resort. A stablecoin is a type of cryptocurrency whose value is derived from another asset, such as gold or the U.S. dollar, according to coinbase. Vance said cryptocurrency has transformed how people and businesses conduct transactions, and its decentralized nature makes it a good way to protect personal and business finances against bad policies. "Crypto is a hedge against bad policymaking from Washington, no matter what party's in control," he said. Political advocacy for crypto progress Vance encouraged those who are involved in cryptocurrency to increase their political advocacy. He said $200 million in campaign support for candidates who supported cryptocurrency had a positive effect during the 2024 general election, The Hill reported. Such financial support enabled Sen. Bernie Moreno, R-Ohio, to beat Democratic Party incumbent Sherrod Brown in the 2024 Senate election in Ohio. "Part of the reason that I'm standing here, part of the reason that Bernie Moreno defeated Sherrod Brown in the Senate campaign last year, is because you guys got organized and got involved in American politics," Vance said. Brown chaired the Senate Banking Committee, but his election defeat removed him as an obstacle to crypto-friendly legislation. "There's a lesson to take from that experience," Vance said. "Unless you guys get involved in politics, politics is going to ignore this industry." Strong support for the GENIUS Act The Trump administration is advocating for the GENIUS Act, which officially is called the Guiding and Establishing National Innovation in U.S. Stablecoins Act. Vance said the proposed act's enabling legislation is poised to be approved in the Senate and likely would fare well in the House of Representatives. President Trump's lead crypto adviser, David Sacks, last week told CNBC that U.S. investors have more than $200 billion in unregulated stablecoins. Sacks said that amount could reach trillions of dollars "if we provide the legal clarity and legal framework for this." Sign in to access your portfolio
