Vice President JD Vance expressed strong support for Bitcoin during a speech at the Bitcoin 2025 conference, revealing his own personal investment in the cryptocurrency and forecasting a surge in adoption across the United States. His remarks came as the price of Bitcoin experienced new volatility, despite previous gains linked to pro-crypto sentiments within the Trump administration.
Vice President Aligns With Trump’s Crypto Agenda
As reported by Forbes, JD Vance stated, “Fifty million Americans own Bitcoin. I think it’s gonna be 100 million before too long.” His comments reflect a broader policy direction under President Donald Trump, who returned to office in November 2024. Following Trump’s re-election, the price of Bitcoin jumped sharply—from around $68,000 per coin to a record high of $106,147.29 by mid-December.
The rally was partly fueled by Trump’s vocal support for cryptocurrency and proposals to establish a national cryptocurrency reserve and a working group focused on the unregulated economy. These moves initially encouraged optimism in the crypto community, but that momentum slowed in early 2025 amid economic concerns and new AI sector disruptions. By March, Bitcoin’s price had fallen to $76,273.56, affected by stock market instability and Trump’s proposed tariff plans.
Vance Defends Crypto as Protection Against Washington
During his address, Vance described cryptocurrency as “a hedge against bad policy making from Washington, no matter what party is in control.” He suggested that the decentralized nature of assets like Bitcoin makes them more resilient in the face of shifting political and fiscal strategies, contrasting them with the US Dollar, which he implied reflects broader government instability.
Vance also referenced China’s stance on crypto, stating, “If the communist Republic of China is leaning away from Bitcoin, then maybe the United States ought to be leaning into Bitcoin.” This remark positioned his advocacy for Bitcoin within a geopolitical framework, portraying American investment in crypto as a counter to Chinese policy decisions.
Vance Discloses Personal Bitcoin Holdings
As part of his remarks, Vance confirmed that he still owns a “fair amount of Bitcoin today.” While he did not specify a current amount, federal disclosure documents filed the previous year indicated that he held between $250,000 and $500,000 in Bitcoin, according to reporting by CBS News.
Given Bitcoin’s 50% increase in value since the 2024 election, that investment could now be worth between $375,000 and $750,000, depending on whether he retained his full holdings through recent price changes. The report also mentioned the possibility of additional gains if Vance participated in Trump’s cryptocurrency meme coin, although specific figures were not provided.
Market Response Does Not Match Political Support
Despite the high-profile endorsement, Bitcoin’s value declined in the immediate aftermath of Vance’s comments. On May 28, the cryptocurrency was priced at approximately $109,038.71, but by the following day, it had dropped to $105,896.36, based on data from CoinMarketCap.
This decrease, while not extreme by Bitcoin’s standards, was unexpected given the public show of confidence from one of the most powerful political figures in the country. Analysts suggested that some investors might have interpreted the optimism as a signal to take profits, leading to increased selling pressure.
