US Vice President JD Vance Champions Bitcoin as Digital Gold and Payment Future

In a significant endorsement of Bitcoin's dual utility, US Vice President JD Vance has publicly advocated for BTC's role as both a transactional medium and a store of value. Speaking on Newsmax's Greg Kelly Reports on July 27, 2025, Vance—who disclosed his personal Bitcoin holdings—positioned the cryptocurrency as the digital evolution of traditional assets like gold and fiat currency. His comments followed a keynote address at Bitcoin Conference 2025, where he further elaborated on Bitcoin's growing importance in the global financial landscape. This high-profile political support comes at a pivotal moment for cryptocurrency adoption, with Vance framing Bitcoin as a critical innovation that combines the payment functionality of dollar bills with the value preservation qualities of gold. The Vice President's stance reflects increasing institutional acceptance of Bitcoin's multifaceted role in modern finance, potentially signaling broader regulatory and mainstream adoption trends ahead.

US Vice President JD Vance Advocates Bitcoin's Dual Role as Payment Method and Store of Value

US Vice President JD Vance has publicly endorsed Bitcoin's core utility as both a transactional medium and a long-term value repository. Speaking on Newsmax's Greg Kelly Reports, Vance—a self-disclosed BTC holder—framed the cryptocurrency as a digital evolution of traditional assets like Gold and dollar bills.

The Vice President's remarks followed his keynote at Bitcoin Conference 2025, where he highlighted the Trump administration's crypto policy achievements. Vance emphasized Bitcoin's fraud-resistant architecture and settlement capabilities, noting its capacity to facilitate secure peer-to-peer transactions while preserving purchasing power.

"Bitcoin performs this function in a digital way that is secure and safer from fraud," Vance stated, drawing parallels to historical monetary systems. His commentary signals growing institutional recognition of cryptocurrency's macroeconomic role, though he acknowledged the need for measured rhetoric given his current office.

Bitcoin Price Prediction June 2025: BTC to Smash $120K Goal?

The cryptocurrency market is poised to close May on a bullish note, with Bitcoin leading the charge. The flagship cryptocurrency surged 12% this month, hitting a new all-time high near $111,970. Market sentiment remains firmly in greed territory, as reflected by a Fear & Greed Index reading of 61.

On-chain metrics reveal growing network activity, with active bitcoin addresses projected to reach 23 million by month-end—a 5% increase from April. Bitcoin ETFs dominated trading days in May, recording inflows exceeding $10 billion against modest outflows of $540 million.

As altcoins languish with a season index of just 18/100, all eyes remain fixed on Bitcoin's trajectory. The question now turns to whether June will see BTC challenge the psychologically significant $120,000 barrier.

Crypto Trader Faces $100 Million Liquidation on Leveraged Bitcoin Bet

James Wynn, a trader notorious for high-risk plays during the memecoin boom, has suffered one of the largest single-trade liquidations in recent crypto history. His 40x Leveraged long position on Bitcoin collapsed as prices dipped below $105,000, erasing nearly $100 million across multiple trades. On-chain data shows over 940 BTC liquidated, including two positions worth $99 million that were force-closed near $104,000.

The debacle followed Wynn's aggressive scaling of his position to $1.25 billion on May 24—a MOVE that left him vulnerable to sudden volatility. Market turbulence triggered by potential U.S. tariffs proved catastrophic for the overleveraged bet. Wynn responded to the loss with a cryptic Matrix meme on X, alluding to surviving market chaos while maintaining an open long position.

Hyperliquid exchange became the stage for this spectacular liquidation event, underscoring the extreme risks of high-leverage trading during periods of macroeconomic uncertainty. The incident serves as a stark reminder of crypto's volatility even for seasoned traders, with Bitcoin's price action continuing to dictate fortunes across derivative markets.

Crypto Liquidations Near $1 Billion as Bitcoin Dips Below $105K

The cryptocurrency market saw $841 million in forced liquidations during the past 24 hours, with long positions accounting for $747 million of the total. Bitcoin's drop below $105,000 triggered a cascade of liquidations, particularly among leveraged traders. Altcoins, especially memecoins, bore the brunt of the sell-off.

Short traders recorded just $80 million in liquidations, highlighting the asymmetric pressure on bullish positions. Despite the bloodbath, the Bitcoin Fear and Greed Index remains at 60—firmly in 'greed' territory—suggesting underlying Optimism for a rebound.

Regulatory clarity in key markets like the U.S. continues to attract institutional capital into crypto. This institutional tailwind may fuel a parabolic rally once the current bearish sentiment subsides. Market makers are watching for signs of accumulation at these levels.

Bitcoin Exchange Outflows Signal Potential Price Rally

Bitcoin's market dynamics are flashing bullish signals as $1.52 billion worth of BTC exited major exchanges within 24 hours. Coinbase led the outflow with 9,012 BTC ($936 million), followed by Kraken's 6,044 BTC ($629 million) withdrawal. Such movements typically indicate long-term holding strategies rather than impending sell-offs.

The market's structural supports are strengthening. CryptoQuant's Bull Score Index for Bitcoin now stands at 80, reflecting growing institutional optimism. Demand has surged by 229,000 BTC ($23.8 billion) over 30 days, approaching December's peak levels. This fundamental strength propelled Bitcoin to fresh all-time highs in late May.

Exchange balances continue their downward trajectory, reducing potential selling pressure. The migration of coins to private custody suggests investors anticipate further appreciation. Market technicians note the 200-day moving average maintains its upward slope, while the 50-day MA shows accelerating momentum.

NYC's Bitcoin-Backed Bond Plan Faces Regulatory Hurdles

New York City Mayor Eric Adams has proposed the nation's first Bitcoin-backed municipal bond, dubbed Bit Bond, positioning the city as a crypto innovation hub. The ambitious plan aims to leverage blockchain technology for municipal financing, but immediate pushback from Comptroller Brad Lander signals political challenges.

Federal tax laws present the most significant barrier, as municipal bonds currently cannot fund cryptocurrency purchases or generate returns beyond subsidized interest rates. New York's stringent BitLicense requirements add another LAYER of complexity, potentially making compliance prohibitively expensive for the city.

The proposal lacks precedent in federal securities regulations, which have never approved a digital asset-backed instrument of this nature. Market participants question whether institutional investors WOULD embrace such a novel product given the regulatory uncertainty.