"The gates of Bitcoin are opening."
Written by: Bright, Foresight News
The Bitcoin 2025 Conference officially opened on May 27th in Las Vegas, with the first day's speakers including Donald Trump Jr., White House Crypto Affairs Director David Sacks, U.S. Senator Cynthia Lummis, and BlackRock Digital Assets Head Robert Mitchnick.
The Bitcoin 2025 Conference speaker list also includes: U.S. Vice President JD Vance; Silk Road Founder Ross Ulbricht; Strategy Founder Michael Saylor; Eric Trump.
U.S. Government Officials' Statements
Donald Trump Jr. stated at the Bitcoin 2025 Conference that the gates of Bitcoin are opening.
David Sacks, White House Crypto and AI Director, said: "We believe blockchain, Bitcoin, and cryptocurrencies are the future financial system."
The Trump administration's executive director stated: "Bitcoin is the gold standard." And emphasized: "We will not sell any Bitcoin that the U.S. government may hold, period."
U.S. Senator Cynthia Lummis from Wyoming said that Trump supports her proposed Bitcoin bill. At the Bitcoin conference in Las Vegas, Lummis stated that Trump "has a team in the White House dedicated to digital asset issues—from stablecoins to market structure, to Bitcoin strategic reserves—they may roll these out in that order." The senator's Bitcoin bill draft suggests establishing a strategic Bitcoin reserve and purchasing 1 million Bitcoins for this purpose. Additionally, she mentioned that U.S. military leaders are "very supportive" of establishing a strategic Bitcoin reserve to enhance economic strength.
Former U.S. Treasury Secretary Rosie Rios stated: "Bitcoin will continue to exist, this train has already left the station."
Ohio Governor candidate Vivek Ramaswamy said that if elected Ohio Governor, he would "integrate financial knowledge into the state's public education," including "Bitcoin education".
U.S. Congressman Byron Donalds stated he will vote to support the "Bitcoin Strategic Reserve Act", saying "Bitcoin has proven to be a store of value."
Business Figures' Statements
Bitwise CEO Hunter Horsley believes that if wealth managers allocate 1% of funds to Bitcoin, "that would be hundreds of billions of dollars".
BlackRock Digital Assets Head Robert Mitchnick again stated that "Bitcoin's upside potential is far greater than gold".
VanEck Digital Assets Director Matthew Sigel said the most feasible path to establishing a permanent U.S. strategic Bitcoin reserve is through "targeted amendments to congressional budget legislation". He noted these amendments could include "tax credits for mining companies using methane gas" and encourage miners to "submit part of their Bitcoin to the federal government". Sigel said this would allow the reserve to "naturally grow over time".
U.S. fast-food chain Steak 'N Shake stated that by accepting Bitcoin payments, they will save 50% on transaction fees.
Fish Pool co-founder Wang Chun said spending Bitcoin to go to space is totally worth it, as space is a human endeavor.
Bitcoin 2025 Conference Highlights
Block's Square launched a Bitcoin real-time payment pilot at the Las Vegas Bitcoin 2025 Conference, with participants able to purchase merchandise through the Lightning Network.
Bitcoin Magazine called on attendees to prepare their BTC wallets for an event aiming to break the Guinness World Record for "Bitcoin transaction count".
