Why the U.S. Must Adopt Bitcoin Now: Key Takeaways from Bitcoin for America
Bitcoin Magazine
The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America
Earlier today, the Bitcoin Policy Institute (BPI), a think tank located in Washington, D.C., convened for the Bitcoin For America summit.
This gathering followed the recent executive order signed by President Trump to create a Strategic Bitcoin Reserve (SBR) and the first-ever Crypto Summit hosted by the White House.
One might presume that a summit labeled this way would have a nationalistic tone. Nonetheless, several speakers recognized that Bitcoins advantages extend beyond national boundaries, asserting that the U.S. should spearhead its adoption globally.
David Zell, the Director of BPI, commenced the event with a clear objective in mind.
Our mission today is to foster understanding of how Bitcoin serves not just America but the entire globe, he stated.
Following him, Senator Cynthia Lummis (R-WY), a longstanding advocate for Bitcoin, argued that it is only fitting for the U.S. to take the initiative in Bitcoin adoption.
This is truly freedom money, remarked Senator Lummis. Its our responsibility to be at the forefront of freedom money.
Michael Saylor: Bitcoin and Americas Digital Dominance
Michael Saylor, Executive Chairman of Strategy, echoed the Senators sentiments, presenting his case for U.S. leadership in the Bitcoin domain.
Im here to illustrate how the Strategic Bitcoin Reserve acts as a framework for the United States digital dominance in the 21st century, he opened.
He further argued that Bitcoin should be considered a form of digital property, and the U.S. should aim to acquire as much as possible to leverage financial opportunities on that asset.
Saylor emphasized that trillions of dollars in commerce will traverse the Bitcoin network, underscoring the importance of the U.S. in securing a significant share.
Additionally, he proposed that Bitcoin represents American ideals, making its ownership akin to possessing a piece of the U.S. itself.
People residing in Asia and Africa would relocate to the U.S. in a heartbeat if given the chance, Saylor stated.
They yearn to transfer their funds to the U.S. for its currency, security, and values, but the reality is, they cant, he continued.
So, the next best option is for them to channel their wealth into the Bitcoin network, which encapsulates all the values, security, and protection of America.
Vivek Ramaswamy: Bitcoins Long-term Yield as the New Risk Benchmark
Ohio gubernatorial candidate and entrepreneur Vivek Ramaswamy followed Saylors presentation, arguing that the returns from holding Bitcoin over a decade or more should now serve as the new benchmark for high-risk expectations.
He prefaced this assertion by explaining that we are entering an environment of scarce capital, marking a shift from the previous 15 years in which the Federal Reserve engaged in extensive money printing, likening it to a dealer providing cocaine to eager customers.
Ramaswamy noted that organizations will soon be compelled to ponder the opportunity cost of capital, subsequently establishing hurdle rates for both low- and high-risk investments.
He proposed that the hurdle rate for low-risk ventures is represented by the 10-year U.S. Treasury, while for high-risk investments, it will be defined by Bitcoins anticipated returns over a 10 to 15-year duration.
Wrapping up his address, he remarked on the parallels between American principles and those of Bitcoin, asserting that Bitcoin serves as a beacon of hope, much like the American flag.
Bitcoin signifies something greater than just a financial asset; it serves as a symbol, encapsulating the essence of American greatness, Ramaswamy stated. In this national context, it becomes a fitting addition to our national Strategic Reserve.
Matthew Pines: Global Interest in Bitcoin Following SBR Executive Order
Matthew Pines, the Executive Director of BPI, highlighted that Bitcoin is increasingly capturing the attention of global leaders for two primary reasons.
Firstly, he explained, the fragility of U.S. debt markets is prompting international leaders to seek alternative global reserve assets aside from U.S. Treasuries.
Secondly, the executive order regarding the Strategic Bitcoin Reserve clearly defines Bitcoin as digital gold, signaling a shift that other leaders are likely to follow suit.
Last Thursdays executive order reached the desks of every major president, central bank leader, and finance minister around the globe, Pines informed the audience.
Discussions are now underway regarding its implicationswhat it signifies for their own nations relationships with Bitcoin. While governments tend to be conservative in their changes, when they do act, they can mobilize substantial resources that influence international relations profoundly, he added.
Were at a critical juncture where the geopolitical dimensions of Bitcoin are becoming crucial, shaping the next chapter in Bitcoins trajectory. The competition surrounding Bitcoin has commenced, and its our responsibility to sustain our edge.
Congressman Nick Begich Revives the Bitcoin Act
After Pines presentation, he welcomed Representative Nick Begich (R-AK) to the platform, where the Congressman made a significant announcement.
Today, Im introducing the Bitcoin Act of 2025 in the House of Representatives, Rep. Begich declared.
This piece of legislation, which builds upon the bill proposed by Sen. Lummis last year, aims to have the U.S. acquire one million bitcoins without costing taxpayers and ensures Americans rights to self-custody their Bitcoin.
This bill explicitly affirms individuals rights to own, hold, and transact with Bitcoin freely, emphasized Rep. Begich. It acknowledges self-custody as a fundamental right.
Congressman Ro Khanna Advocates for Bitcoin Among Democrats
Following a brief address by Zack Shapiro, Head of Policy at BPI, on why states should hold Bitcoin in their reserves, Rep. Ro Khanna (D-CA) made an appeal for Democrats to embrace Bitcoin.
Bitcoin should not be a partisan issue, stated Rep. Khanna, the lone Democratic speaker at the summit.
This offers a transformative opportunity for countless individuals globally, and it is crucial that the Democratic Party recognizes this as a means to foster financial empowermentnot just within the U.S., but globally, he added.
Jack Mallers: Bitcoin Represents a Revival of American Values
After several discussions and panels featuring prominent individuals like Casa CEO Nick Neuman, Newmarket Capital CEO Andrew Hohns, and Lightspark CSO Christian Catalini, Strike CEO Jack Mallers took the stage as the concluding speaker of the summit.
In his presentation entitled Strategic Bitcoin Reserve: The American Monetary Revolution, Mallers asserted that the creation of the SBR represents a return to foundational American principleslife, liberty, and property.
The executive order for the Strategic Bitcoin Reserve and the proposed Bitcoin Act by Senator Lummis mark the most consequential economic shift in over a century from this nations capital, Mallers asserted.
He remarked that existing American economic strategies often contradict the founding principles of the nation, referring to events like Executive Order 6102 (gold confiscation during President Franklin D. Roosevelts era in 1933), the Nixon Shock (the disconnection of the dollar from gold in 1971), and the 2008 financial bailouts.
However, he concluded on an uplifting note.
This represents a pivotal moment in American history and signifies a turning point in our economic policy, stated Mallers. The narrative of humanity is about crafting a better worldthats the essence of America, and it aligns with Bitcoin.
This article The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America originally appeared on Bitcoin Magazine and is authored by Frank Corva.
The post Why the U.S. Must Adopt Bitcoin Now: Key Takeaways from Bitcoin for America appeared first on Crypto Breaking News.
Text source: Crypto Breaking News
