Vice President J.D. Vance Bets Big on Bitcoin—Predicts 100M U.S. Crypto Users

Washington just got a lot more bullish on Bitcoin. Vice President J.D. Vance throws weight behind crypto, forecasting a tidal wave of adoption—100 million U.S. users incoming. Wall Street analysts scramble to update their ’blockchain is a fad’ PowerPoint decks.

No vague policy nods here—Vance’s endorsement reads like a laser-eyed tweet from 2021, just with better grammar. The move signals a political tipping point for crypto, even as TradFi veterans mutter about ’speculative mania’ between sips of overpriced bourbon.

One question lingers: when moon?

Crypto as a hedge

The V.P acknowledged crypto’s conservative elements, elaborating on its hedging application against bad governance, inflation, political witch-hunts, and consumer discrimination. He went on to add, 

“Crypto is a hedge against bad policymaking from Washington, no matter what party is in control. It’s a hedge against skyrocketing inflation, which has eroded the real savings rate of Americans.”

For perspective, BTC’s annual inflation rate dropped to 0.84% after last April’s halving. This decreased block rewards (issuance rate)  from 6.25 BTC to 3.125 BTC. The BTC issuance rate will drop to 0.41% after 2029’s halving and fall to 0.05% by 2040. 

Source: BitBo

On the contrary, the U.S inflation rate has remained around 3.4%, and worrying spending and fiscal debt ($36 trillion) may dilute USD-based savings and purchasing power. 

Here, it’s worth pointing out that the Vice President declared the Biden-era crypto-debanking (Operation ChokePoint 2.0) “dead.”

He also noted that the administration intends to forge regulatory clarity, especially on stablecoins. 

“We do not think stablecoins threaten the integrity of the U.S dollar. Quite the opposite. In fact, we view them as a force multiplier of our economic might.”

Vance claimed that after enacting the stablecoin bill, the GENIUS Act, into law, they will focus on the crypto market structure bill. 

His bullish position on Bitcoin isn’t surprising though. Especially since he is a well-known holder. In fact, Vance owned BTC worth about $250k-$500k, according to disclosure documents shared by CBS in 2024.