Bitcoin 2025 Conference Day 2: J.D. Vance Leads with Ambitious Crypto Plans

The second day of the Bitcoin 2025 conference in Las Vegas was headlined by U.S. Vice President J.D. Vance, whose keynote speech captivated the audience with a bold vision for Bitcoin and digital assets as drivers of freedom and financial innovation. Vance outlined the Trump administration's pro-crypto stance, unveiling initiatives to end regulatory hostility, promote stablecoin legislation, and establish a National Bitcoin Reserve. His address set the tone for a day filled with groundbreaking ideas, including New York City Mayor Eric Adams’ ambitious “BitBonds” proposal and Pakistan’s announcement of a strategic Bitcoin reserve. The day also saw bullish price predictions from Donald Trump’s sons, further energizing the crypto community.

Here’s a closer look at what each of these key figures had to say.

J.D. Vance (U.S. Vice President): “I still own a fair amount of Bitcoin today.”

U.S. Vice President J.D. Vance took center stage at the conference, addressing over 35,000 attendees in what he described as not just a conference but a "movement." He highlighted the Trump administration’s commitment to fostering a pro-crypto environment and outlined three key initiatives: ending regulatory hostility, promoting stablecoin legislation, and establishing a National Bitcoin Reserve.

Vance began by acknowledging the rapid adoption of Bitcoin in the United States, stating, “50 million Americans own Bitcoin, and I believe that’s going to be 100 million before too long.” He praised the transformative power of decentralized finance, noting its ability to extend financial services to underserved populations and provide a hedge against inflation and poor monetary policies. “Crypto and digital assets, particularly Bitcoin, are part of the mainstream economy and are here to stay,” Vance declared, positioning Bitcoin as a cornerstone of America’s financial future.

He also reflected on his personal involvement in the crypto space, sharing, “I still own a fair amount of Bitcoin today.” This personal connection underscored his belief in the potential of digital assets to drive innovation and freedom. Vance further emphasized the Trump administration’s supportive stance on crypto, proclaiming, “With President Trump, crypto finally has a champion and ally in the White House.”

He highlighted three key actions:

1. Ending Regulatory Hostility: Vance announced the termination of Operation Chokepoint 2.0, a policy he described as weaponized regulation against the crypto industry. He promised that under the Trump administration, the crypto community would no longer face bureaucratic suppression. He boldly proclaimed, “We fired Gary Gensler and we’re going to fire everybody like him.”

2. Stabilizing Stablecoins: He stressed the importance of passing the "Genius Act," a legislative framework aimed at legalizing and promoting stablecoins, particularly dollar-pegged stablecoins. According to Vance, these assets would not threaten the U.S. dollar but rather enhance its global standing as an economic multiplier.

3. Strategic Bitcoin Reserve: Vance revealed the administration's commitment to establishing a National Bitcoin Reserve, positioning Bitcoin as a strategic asset for America's future. He urged the crypto community to remain politically active, stating, "If you don’t participate in politics, politics will ignore you—or worse, harm you."

Don Jr. and Eric Trump: Bitcoin can ‘clear’ $170,000

Donald Trump’s sons, Don Jr. and Eric Trump, shared their bullish outlook on Bitcoin. They predicted that the BTC could surpass $170,000 by the end of 2026, citing limited supply and increasing demand as key drivers.

Eric Trump remarked, “Everybody in the world wants Bitcoin,” underscoring the global demand for the cryptocurrency. He also emphasized Bitcoin’s potential to solve systemic issues, stating, “The financial system is broken, and crypto solves all the problems.”

Eric Trump further elaborated on the influence of Michael Saylor, the executive chairman of MicroStrategy, in shaping the Trump family’s involvement in the crypto space. “Michael Saylor was a key figure in inspiring us to explore Bitcoin and crypto,” Eric revealed.

Eric also highlighted the growing institutional interest in Bitcoin, mentioning that a growing number of institutions, including "royal families" and "family offices," are formulating Bitcoin reserve strategies—a trend that has expanded from the United States to regions such as the Middle East, Africa, and Asia.

Eric Adams (New York City Mayor): I am going to push and fight to get a BitBond in New York

At the Bitcoin 2025 conference, New York City Mayor Eric Adams announced his ambitious plan to introduce Bitcoin Bonds, or "BitBonds," in the city. This innovative financial instrument, designed specifically for Bitcoin holders, would allow investors to earn a fixed income while also benefiting from Bitcoin's potential price appreciation. Adams declared, “It is time for the first time in the history of this city to have a financial instrument that is made for those who are holders of Bitcoin.”

The concept of BitBonds was first proposed by the Bitcoin Policy Institute, a prominent crypto think tank, which suggested that Bitcoin-enhanced Treasury bonds could serve as a strategic reserve while reducing the interest burden on U.S. Treasury bonds. According to the institute, such bonds could also help tackle broader fiscal challenges, such as refinancing trillions of dollars in debt over the coming years.

Adams emphasized his commitment to making New York City a global leader in cryptocurrency innovation, stating, “We need to have a BitBond, and I am going to push and fight to get a BitBond in New York so you can do those same bond investments in New York City.” He also expressed his desire to eliminate regulatory barriers, such as the controversial BitLicense system, which has been criticized for imposing stringent requirements on crypto-related businesses. “Let’s get rid of the Bitcoin license and allow us to have the free flow of Bitcoin in our city,” Adams urged, signaling his intent to create a more crypto-friendly regulatory environment.

Bilal Bin Saqib (Special Assistant to Pakistan’s Prime Minister): Pakistan will establish a strategic Bitcoin reserve

Bilal Bin Saqib, Special Assistant to Pakistan’s Prime Minister on Blockchain and Cryptocurrency, announced at the Bitcoin 2025 conference that Pakistan will establish a strategic Bitcoin reserve.

According to Saqib, the initiative was inspired by the United States, where President Trump signed an executive order earlier this year to pave the way for a national Bitcoin reserve. Pakistan plans to permanently hold these Bitcoins, with Saqib affirming, “We are holding Bitcoin, and we will never sell them.”

In addition to the reserve, Pakistan has unveiled plans to allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. This initiative aims to stimulate job creation and attract foreign investment, signaling the country’s commitment to embracing blockchain technology and digital innovation on a national scale.

Panel Discussion: The Institutionalization of Bitcoin as a Macro Asset

The panel was moderated by Mike Novogratz, CEO of Galaxy Digital, and featured prominent figures such as Dan Morehead, CEO of Pantera Capital, Mark Yusko, Founder of Morgan Creek Capital, and Adam Back, CEO of Blockstream.

During the discussion, Adam Back, a legendary figure in the crypto industry and one of the pioneers behind Bitcoin’s development, shared his optimistic outlook for the cryptocurrency. He predicted that Bitcoin could reach a staggering $1,000,000 within the next five years, emphasizing that the market is still in its early stages for retail investors. “It’s still early for the retail investor,” Back noted, suggesting that significant growth potential remains untapped.

Peter Schiff (Euro Pacific Asset Management): Bitcoin operates as a zero-sum game.

Peter Schiff, who has built a reputation for accurately forecasting economic trends and market downturns, is the owner of Euro Pacific Asset Management and serves as the chief economist and global strategist for Euro Pacific Capital.

During the session, Schiff spoke with pride about his indirect influence on Bitcoin adoption, stating, “I’m responsible for more people owning Bitcoin than any other person at this conference.” He explained that his critical views on Bitcoin have sparked widespread discussions, leading many to explore and eventually invest in the cryptocurrency, even if they disagreed with his perspective.

However, Schiff also took the opportunity to caution attendees about the risks associated with cryptocurrencies. Comparing the crypto market to a casino, he remarked, “Some people make money because other people lose money. That’s how crypto works,” suggesting that Bitcoin operates as a zero-sum game.

Looking for Day 3: SEC’s Vision for Crypto

Day 2 of the Bitcoin 2025 Conference kept the momentum alive, featuring groundbreaking announcements, bold predictions, and thought-provoking debates. From U.S. Vice President J.D. Vance’s vision for a National Bitcoin Reserve to Eric Adams’ push for innovative BitBonds in New York, the discussions showcased the growing influence of Bitcoin in shaping global financial strategies.

As the conference progresses, all eyes are now on Day 3, which promises to feature high-profile speakers, including SEC Commissioner Hester Peirce, Tether’s CEO, Bitcoin advocate Michael Saylor, and Ross Ulbricht. Stay tuned to BlockFlow’s channel for exclusive updates and in-depth coverage of Day 3’s pivotal moments!