A quick overview of the highlights of the first day of "Bitcoin 2025"

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ODAILY
05-28
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Original Author: Bright, Foresight News

Bitcoin 2025 Conference officially opened in Las Vegas on May 27th Western Time, with first-day speakers including: Donald Trump Jr., White House Crypto Affairs Director David Sacks, U.S. Senator Cynthia Lummis, and BlackRock Digital Assets Head Robert Mitchnick.

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.

White House Crypto and AI Director, "Crypto Czar" David Sacks said: "We believe blockchain, Bitcoin, and cryptocurrencies are the future financial system."

White House Presidential Digital Assets Advisory Council Executive Director Bo Hines stated: "Bitcoin is the gold standard." And emphasized: "We will not sell any Bitcoin the U.S. government might hold, period."

U.S. Senator from Wyoming Cynthia Lummis said 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 might roll these out in that order." Her Bitcoin bill draft suggests establishing a strategic Bitcoin reserve and purchasing 1 million Bitcoin. Additionally, she mentioned that U.S. military leaders "strongly support" 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 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", "Bitcoin has proven to be a value holder."

Business Figures' Statements

Bitwise CEO Hunter Horsley believes 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 far exceeds 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 make the reserve "naturally grow over time".

U.S. fast-food chain giant Steak 'N Shake stated that by accepting Bitcoin payments, they will save 50% on transaction fees.

F2Pool 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, where attendees can purchase merchandise through the Lightning Network.

Bitcoin Magazine called on attendees to prepare their BTC wallets, aiming to break the Guinness World Record for "Bitcoin transaction count" in an event.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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