Trump Administration Doubles Down on Crypto Support
Bitcoin has stagnated for now but could surge soon thanks in parts to support from the Vice President.
Quick overview
- U.S. Vice President J.D. Vance expressed strong support for cryptocurrency at the 2025 Bitcoin Conference, emphasizing Bitcoin's importance to the economy.
- Vance's comments reinforce the Trump administration's commitment to decentralized finance and could positively impact Bitcoin's market value.
- Despite the supportive remarks, Bitcoin's price remains stable, with investors cautious amid ongoing economic uncertainties and regulatory changes.
- Bitcoin is currently valued at $107,452, with potential to reach new all-time highs in the near future.
Live BTC/USD Chart
U.S. Vice President J.D. Vance said on Wednesday that Americans have a cryptocurrency advocate in the White House, offering his support for the crypto market.
Speaking at the 2025 Bitcoin Conference in Las Vegas on Wednesday, Vice President Vance said that he is a crypto ally, reinforcing the support this administration has shown for decentralized finance. He said that Bitcoin (BTC) has a champion in government and that Bitcoin especially is an important part of the economy.
BTC/USDThis strong support could help boost Bitcoin’s price through the week, as it solidifies what Donald Trump had been saying about his administration when he was running for President and how he was working to be a strong supporter of crypto. Now, his words have action behind them, and not just because of Vance’s comments. The regulatory framework for stablecoins is changing, with new regulations advancing through the government.
Bitcoin Price Prediction Following Vance’s Comments
Any government support for Bitcoin and cryptocurrency is going to help bring the value of the entire market up. For years, the industry has feared government oversight and restrictions, and Russian and Chinese citizens have seen how restrictive governments can be when it comes to cryptocurrency. In both of those countries, crypto is highly regulated to the point where many aspects of buying, selling, and even mining have become illegal.
The U.S. government, under Trump’s leadership has opened up the doors of cryptocurrency further, and Trump has even established his own cryptocurrency coin. Trump has also established a strategic Bitcoin reserve, which has been set up as Trump calls it a digital Fort Knox.
Bitcoin is currently valued at $107,452 (BTC/USD), down 0.12% over the last 24 hours. For now, Vance’s comments have not spurred an upward swing for the coin, and investors may be waiting for stronger support and solid action on the part of the Trump administration before they put further faith in Bitcoin.
BTC is near its all-time high and has the chance to surpass that mark very soon, perhaps as early as this weekend. The coin has pulled back in recent days, especially after news of Trump attempting to levy new tariffs at the European Union. That attempt was put on pause, and even some of Trump’s earlier tariffs have been blocked by U.S. courts, but there is still a lot of uncertainty surrounding tariffs and how these will affect the economy. So, investors are being careful about putting their money into Bitcoin and other unstable, fragile assets at this time.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
