US Vice President Champions Bitcoin Role as a Store of Value and Means of Payment
The post US Vice President Champions Bitcoin Role as a Store of Value and Means of Payment appeared on BitcoinEthereumNews.com.
U.S. Vice President JD Vance outlines Bitcoin’s core value proposition, characterizing it as both a means of payment and a store of value. Vance made this known during an exclusive interview on Newsmax’s Greg Kelly Reports. The interview follows Vance’s keynote address at the Bitcoin Conference 2025, where he highlighted Donald Trump’s recent successes in the crypto space. Bitcoin’s Value Proposition After his keynote address, Vance sat down with Newsmax’s Greg Kelly to explain Bitcoin’s core value proposition to enlighten skeptics. Notably, he opened up about his stake in Bitcoin, emphasizing that he is a holder of BTC. However, he stresses that his current role as Vice President of the U.S. requires him to speak carefully about the asset. Explaining Bitcoin’s core value proposition, Vance portrayed BTC as both a store of value and a means of payment. He emphasized that people can use Bitcoin to pay for goods and services, just like they used dollar bills and gold 100 years ago. “The value proposition of Bitcoin is that it can serve the same function [as gold and dollar bills in payment]. Bitcoin performs this function in a digital way that is secure and safer from fraud while allowing people to buy and sell,” Vance remarked. He also highlighted Bitcoin’s utility as a store of value asset. He indicated that it provides a means for users to store value in a modern digital age. Trump Administration’s Pro-Crypto Stance Despite highlighting Bitcoin’s value proposition, the U.S. vice president conceded that Bitcoin has its associated risks, like every new technology. However, he noted that the Trump administration’s approach toward Bitcoin and crypto is to allow people to innovate rather than impose stringent laws that restrict activities in the market. Additionally, Vance criticized dictatorial intervention in the market, which could stifle innovation. Instead,…
Filed under: News - @ May 30, 2025 8:28 pm