"The gates of Bitcoin are opening."

Written by: Bright, Foresight News

The Bitcoin 2025 conference officially opened in Las Vegas on May 27, Pacific Time, with keynote speakers including: Donald Trump Jr., White House cryptocurrency advisor David Sacks, U.S. Senator Cynthia Lummis, and BlackRock's head of digital assets Robert Mitchnick.

The list of speakers at the Bitcoin 2025 conference also includes: U.S. Vice President JD Vance; Silk Road founder Ross Ulbricht; Strategy founder Michael Saylor; and Eric Trump.

Statements from U.S. Government Officials

Donald Trump Jr. stated at the Bitcoin 2025 conference that "the gates of Bitcoin are opening."

David Sacks, the White House's cryptocurrency and AI director, known as the "crypto czar," said: "We believe that blockchain, Bitcoin, and cryptocurrency are the future financial system."

The executive director of the Trump administration stated: "Bitcoin is the gold standard." He emphasized: "We will not sell any Bitcoin that the U.S. government may hold, period."

U.S. Senator Cynthia Lummis from Wyoming stated that Trump supports her proposed Bitcoin bill. At the Bitcoin conference in Las Vegas, Lummis mentioned 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 it. Additionally, she stated that U.S. military leaders "strongly support" the establishment of a strategic Bitcoin reserve to enhance economic strength.

Former U.S. Treasurer Rosie Rios stated: "Bitcoin will continue to exist; that train has left the station."

Ohio gubernatorial candidate Vivek Ramaswamy stated that if elected governor of Ohio, he would "integrate financial literacy into the state's public education," which includes "Bitcoin education."

U.S. Congressman Byron Donalds expressed his support for the "Bitcoin Strategic Reserve Act," stating, "It has been proven that Bitcoin is a holder of value."

Statements from Business Leaders

Hunter Horsley, CEO of Bitwise, believes that if wealth managers allocate 1% of their funds to Bitcoin, "that would be hundreds of billions of dollars."

Robert Mitchnick, head of digital assets at BlackRock, reiterated that "the upside potential of Bitcoin is far greater than that of gold."

Matthew Sigel, head of digital assets at VanEck, stated that the "most viable path" to establish a permanent U.S. strategic Bitcoin reserve is through "targeted amendments to congressional budget legislation." He pointed out that these amendments could include "tax credits for mining companies using methane gas" and encourage miners to "submit a portion of their Bitcoins to the federal government." Sigel stated that this would allow the reserve to "naturally grow over time."

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

Wang Chun, co-founder of Fish Pool, stated that spending Bitcoin in space is very worthwhile, as space is humanity's endeavor.

Fun Facts from the Bitcoin 2025 Conference

Square, a subsidiary of Block, launched a Bitcoin real-time payment pilot at the Bitcoin 2025 conference in Las Vegas, allowing attendees to purchase merchandise via the Lightning Network.

Bitcoin Magazine called on attendees to prepare their BTC wallets, as they will attempt to break the Guinness World Record for "most Bitcoin transactions" in a single event.

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