By FinanceFeeds
Vice President J.D. Vance told the audience at the Bitcoin 2025 conference that he expects the number of Americans owning bitcoin to double in the near future.
"I believe that 50 million Americans own bitcoin, and I think that soon their number will reach 100 million," Vance said, prompting applause in the packed conference hall.
This was one of the most direct statements in support of bitcoin from a sitting vice president and a clear signal of how the Trump-Vance administration views digital assets: not just as a speculative investment, but as part of the country's economic future.
Currently, industry groups estimate that about 50 million Americans own bitcoin. Reaching 100 million would mean that nearly a third of the country's population owns bitcoin, which could change the attitudes of banks, businesses, and regulators towards this asset.
Vance, a former senator from Ohio and author of the book 'Hillbilly Elegy', noted that blockchain technology, which underpins bitcoin, can be applied not only in commerce — from tracking goods in supply chains to securing medical records. He argued that these applications would facilitate further adoption of bitcoin.
Bitcoin also fits well into Vance's political message. Support for cryptocurrency resonates with voters who see it as a safeguard against government abuse, as well as with young Americans who have entered the market in recent years.
Meanwhile, cryptocurrency companies are increasingly penetrating the political space, especially after the 2024 elections, which saw a wave of pro-crypto lawmakers win. In one recent case, a political action committee (PAC) backed by cryptocurrency sponsors spent over $1 million to help Democrat James Walkinshaw win the Virginia primary.
Creating a PAC requires registration with the Federal Election Commission, appointing a treasurer, and regularly disclosing financial information. Bailey has yet to confirm when and how the PAC will be launched.
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