50 Million Own It Now, Vice President Predicts 100M Bitcoin Users in the U.S.
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In a address at the Bitcoin Conference in Las Vegas, U.S. Vice President J.D. Vance delivered a forceful endorsement of cryptocurrency, calling Bitcoin a “genuine ground-up” innovation that’s reshaping America’s financial landscape. Vance made clear in his speech that the current administration supports and values progress in blockchain technology and decentralized finance (DeFi).
Vance pointed out that Bitcoin is a genuine innovation that more than 50 million Americans have already adopted and expects that number to double in the future. Crypto isn’t simply a trend or a way to make money he insisted. This is a movement in action. Investing in precious metals helps protect your wealth when governments overreach, there’s high inflation or financial systems fail. He said:
“50 million Americans own Bitcoin, and I believe that’s going to be 100 million before too long.”
Vance Highlights Crypto as Inflation Hedge
Vance, a long-time Bitcoin holder with disclosed assets between $250,000 and $500,000 in BTC, emphasized the conservative case for crypto adoption. He believes the constant rise in inflation and the federal government’s irresponsible spending of over $36 trillion explain why more Americans are seeking safe haven with decentralized assets. He added:
“Crypto is a hedge against bad policymaking from Washington, no matter what party is in control. It’s a hedge against skyrocketing inflation, which has eroded the real savings rate of Americans.”
GENIUS Act to Bring Stablecoin Clarity
Vance pointed out that Bitcoin uses a deflationary system while the U.S. dollar gets less valuable over time. Once halving ended, the inflation rate of Bitcoin settled at 0.84% and is estimated to drop more, first to 0.41% in 2029 and later to just 0.05% in 2040, while the inflation in the U.S. now stands at 3.4%.
Vance said in a new statement that the Biden-era campaign to make financial institutions reject crypto clients, known as “Operation ChokePoint 2.0,” is officially closed. Now, the administration is mainly focused on making the rules clearer. Vance noted that the stablecoin bill known as the GENIUS Act will soon be enacted. He said:
“We do not think stablecoins threaten the integrity of the U.S dollar. Quite the opposite. In fact, we view them as a force multiplier of our economic might.”
Trump Pushes Crypto With Bold New Moves
The White House plans to introduce a broader crypto market structure bill as the next step to more effectively integrate digital assets into the country’s financial system.
Vance’s statements come after President Donald Trump consistently backed the crypto industry. Starting with an executive order to begin a U.S. Bitcoin reserve and then easing Labor Department requirements for crypto in 401(k)s, the Trump administration is actively pushing crypto forward.
It was revealed this week that Trump welcomed top investors of the $TRUMP memecoin to a special event which caused criticism among Democrats and ethics groups. In addition, Trump Media and Technology Group confirmed it would use $2.5 billion to create a Bitcoin treasury, a first for a social media brand.
Crypto Becomes Central to Election Debate
Since the crypto world is becoming more divided, digital assets are likely to be key players in the upcoming election. Most people expecting to see candidates support blockchain are satisfied, but critics are already pointing out risks involving party bias, regulatory favoritism and potential conflict of interest.
Still, Vance remained undeterred. This isn’t about left or right. It’s about the American people taking control of their financial futures, he said. We will lead the world not just in innovation, but in freedom.
With crypto moving from the edges of finance into the mainstream part of U.S. financial policy, the possibility of a digital dollar is now a real issue. Our political response centers now on its importance.
Conclusion
As digital assets become a defining issue in U.S. politics, Vice President Vance’s endorsement marks a pivotal moment. As more people from both parties, regulators and the mainstream get involved, crypto has stepped out of the fringe and into the foundational role. When it comes to innovation or economic independence, the US crypto future is coming together fast.
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FAQs
1. Why did Vance support crypto?
He sees it as a hedge against inflation, bad governance, and a tool for financial freedom.
2. What crypto policies are coming?
The GENIUS Act for stablecoins and a broader market structure bill are on the way.
3. How is Trump backing crypto?
He launched a Bitcoin reserve, eased 401(k) rules, and supports building a Bitcoin treasury.
Glossary Of Key Terms
Bitcoin (BTC) – A decentralized digital currency, often used as an inflation hedge.
Crypto – Digital assets like Bitcoin, used for payments, savings, or investing.
DeFi – Blockchain-based financial tools without banks or intermediaries.
Stablecoin – Crypto tied to stable assets like the U.S. dollar.
GENIUS Act – A bill to regulate and support stablecoins.
Operation ChokePoint 2.0 – Alleged crackdown on crypto banking, now ended.
Bitcoin Reserve – Government-held Bitcoin as a national asset.
References
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