Earlier today, the Bitcoin Policy Institute (BPI), a Washington, DC-based think tank, hosted the Summit “Bitcoin for America”.
The event took place in the wake of President Trump’s signing of a executive order (EO) to establish a strategic Bitcoin Reserve (SBR) and the White House hosting his first cryptop building.
One could have expected jingoist overtones from an event with such a title. However, many of the speakers recognized that Bitcoin is something that will benefit the whole world and that the United States, partly because of this, should go in the way of adoption.
David Zell, director of BPI, set the tone of the event in his opening attacks.
“Our goal for today is to continue this process, to help people understand how Bitcoin benefits America – and the world written big,” he declared.
Zell was followed by Senator Cynthia Lummis (R-WY), a long-lasting Bitcoin spokesman who made the case that it is only natural for America to set the pace when it comes to Bitcoin recovery.
“This is really freedom money,” Senator said Lummis. “And America should lead when it comes to freedom money.”
Michael Saylor: Bitcoin and American Digital Supremacy
Strategy Executive President Michael Saylor agreed with the senator, which made the case for why the United States should lead to this arena.
“I’m here today to show you how the strategic Bitcoin Reserve represents a strategy for the United States’ digital supremacy in the 21st century,” he began.
He continued to argue for Bitcoin as digital property and claimed that the United States should acquire as much of it as possible so that it can “rent and finance” on top of this property.
He also claimed that trillion of dollars in trade will float over the Bitcoin network, which is another reason why the United States must prioritize acquiring its share of the network.
Moreover, he claimed that Bitcoin embodies US values and that owning it is the next best thing to live in the US
“Everyone who lives in Asia in Africa would move to the United States if they could,” Sayylor said.
“They would move their money to the United States if they could. They want the currency in the United States, they want security in the United States, they want the values in the United States, but they can’t have it, ”he added.
“So the second best thing they can have is to move their money into the Bitcoin network, which has all the values, protection and security in the US”
Vivek Ramaswamy: Bitcoin’s long -term return is the new high -risk bargaining rate
Ohio Gubernatorial candidate and American entrepreneur Vivek Ramaswamy followed Saylor and made the movement that the return on keeping Bitcoin for a decade or more is now the new high-risk barrier.
He set the scene for this claim by making the case that we are moving back to an “era with barely capital.” He shared that this will be the inverse in the last 15 years in which fat -printed money A lotIn a way that looks like a cocaine dealer who dolved cocaine to hungry users as he expressed it.
He explained that institutions should again consider the question “What are my opportunity costs?” And by doing this, they will have to define an obstacle rate for both low and high risk investments.
Ramaswamy claimed that the obstacle rate for low-risk investments is the 10-year US Treasury, while the obstacle rate for a high-risk investment will be the return on Bitcoin over a 10-to-15-year period.
Then he closed his speech by pointing out how the American ethos and Bitcoin -ethos overlap, and that Bitcoin, like the American flag, is a symbol of hope.
“I think Bitcoin, and what it represents, more than a financial asset, also helps fill this hunger for a symbol, a reminder of what American greatness was about,” Ramaswamy said. “And I think it makes it in the national context an even more appropriate asset to fill our national strategic reserve.”
Matthew Pines: The world is aware of Bitcoin after SBR EO
Matthew Pines, CEO of BPI, pointed out that Bitcoin is starting to take the center of world leaders for two reasons.
The first, he claimed, is because US debt markets have become more and more fragile, causing global leaders to start seeking to invest in a global reserve active except US treasuries.
The second reason is that President Trump’s SBR eo clearly stated that the United States sees Bitcoin as “digital gold” and that it will only be a matter of time before other leaders consider it the same.
“Last Thursday’s executive order landed on the desk of any major president, Central Bank [chair] And finance minister in the world, ”Pines said.
“There are now discussions about how to interpret it. What does it mean for their own country’s relationship with Bitcoin? Governments do not move too fast, but when they do, they move in size, they move in scale, and they can put trillions of dollars into capital that can have geopolitical effects, ”he added.
“And I think we are at this bending point where the geopolitical aspects of Bitcoin begin to become extremely important and can shape the next several years of Bitcoin’s future. The Bitcoin race is now on and the ball is in our court to maintain our advantage. “
Congress member Nick Begich reinstates Bitcoin Act
After Pines ended his speech, he introduced Rep. Nick Begich (R-AK) to the stage where the congressman made a larger message.
“Today I want to announce the Bitcoin Act from 2025 in the US House,” Rep said. Bregich.
The bill, which is an updated version of the Bill’s late. Lummer ice cream, suggested last year, suggests the United States acquiring 1 million Bitcoin (at no cost to taxpayers) and protects US citizens’ right to self -insurance to their Bitcoin.
“[The bill] Protects explicitly individuals’ rights to own, keep and trade Bitcoin freely, ”Rep said. Brech. “It recognizes self -defense as a basic right.”
Congress member RO KHANNA: Democrats should support Bitcoin
After a short speech from Zack Shapiro, BPI Political Manager, about why US states should keep Bitcoin in their reserves, did rep. Ro Khanna (D-CA) The case for why Democrats should embrace Bitcoin.
“Bitcoin should be bipartisan,” Rep said. Khanna, the only democratic politician who spoke during the event.
“Now people will be able to get Bitcoin. It is transformative for so many people all over the world, which is why the Democratic Party must embrace this as something that can create financial empowerment for people, not only in the United States, but all over the world, ”he added.
Jack Mallers: Bitcoin is a return to US values
After a handful of conversations and panels, including as CASA CEO Nick Nickeuman, Newmarket Capital CEO Andrew Hohns and Lightspark CSO Christian Catalini, Strike CEO Jack Malers took the stage as the summit’s final speech.
In his speech, entitled “Strategic Bitcoin Reserve: The American Monetary Revolution,” Malers made the case that the creation of SBR was “a return to American values - including life, freedom and property.”
“The strategic Bitcoin Reserve Executive Order and the Bitcoin Act proposed by Senator Lummis is the most significant financial shift and message and the only positive financial announcement that has come out of this country’s capital in the last 100 years,” Mallers said.
He continued to say that US economic policy has worked against the principles the country was founded on and quoted executive orders 6102 (Goldfiskation under President Franklin D. Roosevelt in 1933), Nixon Shock (President Nixon’s Department of the US Dollar from Gold in 1971) and 2008 Bank Bailouts as evidence.
However, he ended on a high note.
“[This is a] Pivotal moment in American history and a turning point in economic policy for this country, ”Mallers said. “The story of humanity is [people] Engineering a Better World – It’s America, it’s Bitcoin. “