JD Vance: This Is Why I'm Bullish On The Future Of Cryptocurrency

At the Bitcoin 2025 Conference in Las Vegas, Nevada, on Wednesday, Vice President JD Vance spoke about the transformation of digital currencies.

Transcript

00:00It's about a few things and I want to talk a little bit about what we've done

00:04in the Trump administration. I want to give you a rundown of what this

00:08administration is doing on digital assets policy, but I also want to talk

00:13about some of the principles that help guide us as we develop this policy. But

00:18before that, I want to speak about why I'm personally optimistic about crypto

00:22and what it means for the American people. Now people ask me why I tend to

00:27be bullish on the future of innovation in this country. I spent enough time in

00:31Silicon Valley to recognize the difference between good tech, technology

00:36that boosts our productivity, makes our lives richer, that grounds us in the real

00:42world and complements our day-to-day lives. That's the good technology, but there's

00:46also some bad technology out there. And when it comes to crypto, I think the last

00:51several years have made it clear that we're talking about genuine, ground-up

00:56innovation, one that's already improving the well-being of tens of millions of

01:01our fellow citizens. I believe it's 50 million Americans own Bitcoin, and I

01:06believe that's going to be a hundred million before too long.

01:14But it's not just about Bitcoin and about the value that's been generated, the

01:19wealth that's been generated by so many millions of our fellow citizens. Through

01:23decentralized finance, crypto has transformed how Americans transact with one

01:29another. It's expanded access to banking for many who may not otherwise have had it.

01:35And every single day, I feel like I see some groundbreaking new use of blockchain

01:40tech, whether it's in supply chain management, whether it's in hospitals, or

01:46whether it's in changing how we track and store patients' private health records. But for each of these news,

01:53two, forward-looking applications, I also feel like there's an incredibly value

01:58conservative element to crypto technology. And that's as a hedge. Crypto is a hedge

02:05against bad policymaking from Washington, no matter what party is in control. It's a

02:11hedge against skyrocketing inflation, which has eroded the real savings rate of

02:17Americans over the last four years. And as you all know well, it's a hedge against

02:23the private sector that's increasingly willing to discriminate against consumers on the basis of

02:29their basic beliefs, including their politics.