US Vice President Champions Bitcoin Role as a Store of Value and Means of Payment

U.S. Vice President JD Vance outlines Bitcoin’s core value proposition, characterizing it as both a means of payment and a store of value. Vance made this known during an exclusive interview on Newsmax’s Greg Kelly Reports. The interview follows Vance’s keynote address at the Bitcoin Conference 2025 , where he highlighted Donald Trump’s recent successes in the crypto space.  Bitcoin’s Value Proposition  After his keynote address, Vance sat down with Newsmax’s Greg Kelly to explain Bitcoin’s core value proposition to enlighten skeptics.  Notably, he opened up about his stake in Bitcoin, emphasizing that he is a holder of BTC. However, he stresses that his current role as Vice President of the U.S. requires him to speak carefully about the asset.  Explaining Bitcoin’s core value proposition, Vance portrayed BTC as both a store of value and a means of payment. He emphasized that people can use Bitcoin to pay for goods and services, just like they used dollar bills and gold 100 years ago. “The value proposition of Bitcoin is that it can serve the same function [as gold and dollar bills in payment]. Bitcoin performs this function in a digital way that is secure and safer from fraud while allowing people to buy and sell,” Vance remarked.  He also highlighted Bitcoin’s utility as a store of value asset. He indicated that it provides a means for users to store value in a modern digital age.  Trump Administration's Pro-Crypto Stance  Despite highlighting Bitcoin’s value proposition, the U.S. vice president conceded that Bitcoin has its associated risks, like every new technology.  However, he noted that the Trump administration’s approach toward Bitcoin and crypto is to allow people to innovate rather than impose stringent laws that restrict activities in the market.  Additionally, Vance criticized dictatorial intervention in the market, which could stifle innovation. Instead, he advocates for common sense and clear regulation for the industry that allows crypto businesses to participate in the mainstream economy,  With clear and fair regulations in place, the vice president expects the law of demand and supply to determine which sector or project succeeds.  Shift in US Crypto Policy  Vance’s comments reflect a major shift in the United States’ stance on cryptocurrencies. Since the commencement of Trump’s second term in January, the country has rolled out several initiatives in support of the industry, including the mandate to create a reserve that would hold Bitcoin and altcoins.  The Trump administration is also advocating for favorable regulations that support innovation in the market and protect investors. At the moment, the U.S. Senate is on track to pass the first-ever stablecoin regulation, the GENIUS Act.  The legislation cleared a major procedural hurdle earlier this month. It currently awaits a full vote from U.S. Senators to determine whether it would be passed into law.  Based on this development, it is evident that the U.S. is interested in establishing clear rules for the industry rather than regulating the space through enforcement actions, as observed in the past administration.