Today, the Bitcoin Policy Institute (BPI), a Think Tank based in Washington, has hosted the “Bitcoin for America” summit.
The event occurred in the wake of the signature of President Trump of an executive order (EO) to establish a strategic reserve of Bitcoin (SBR) and the White House which houses its first Crypto summit.
Jingoistic shades could be expected from an event with such a title. However, many speakers have recognized that Bitcoin is something that will benefit the whole world and that, in part, the United States should open the way for adoption.
David Zell, director of BPI, gave the tone to the event in his opening observations.
“Our goal for today is to continue this process, helping people understand how Bitcoin benefits America – and the world written big,” he said.
Zell was followed by Senator Cynthia Lummis (R-Wy), a long-date Bitcoin lawyer, who claimed that it is natural for America to fix the rhythm when it comes to Bitcoin adoption.
“This is really money for freedom,” said Senator Lummis. “And America should guide when it comes to money for freedom.”
Michael Saylor: Bitcoin and American digital supremacy
The executive president of the strategy Michael Saylor has agreed with the senator, supporting why the United States should lead to this arena.
“I am here today to show you how the strategic Bitcoin reserve represents a strategy for the digital supremacy of the United States in the 21st century,” he started.
He continued to discuss Bitcoin as a digital property, stating that the United States should acquire as much as possible so that he can “rent and finance” in addition to that property.
He also said that trillion dollars in the trade flow on the Bitcoin network, which is another reason why the United States should give priority to acquire its share of the network.
In addition, he said Bitcoin embodies American values and that possessing it is the best thing to live in the United States
“All those who live in Asia, in Africa would move to the United States if they could,” said Saylor.
“If they could move their money to the United States. They want the currency of the United States, they want the security of the United States want the values of the United States, but they cannot have it, “he added.
“So, the second best thing they can have is to move their money to the Bitcoin network, which has all the values, protection and safety of the United States”
Vivek Ramaswamy: Bitcoin’s long -term return is the new high -risk obstacle rate
The government candidate of Ohio and the American entrepreneur Vivek Ramaswamy followed Saylor, going on the movement that the return rate on the possession of Bitcoin for a decade or more is now the new high -risk obstacle rate.
He prepared the foundations for this statement by claiming that we are returning to “Era of poor capital”. He shared that this will be the reverse of the last 15 years, during which the Fed has printed money massIn a way similar to a cocaine merchant who distributes cocaine to hungry users, as he said.
He explained that the institutions will have to consider the question again “What is my cost of capital opportunities?” And, in doing this, they will have to define a obstacle rate for both low and high risk investments.
Ramaswamy claimed that the obstacle rate for low risk investments is the United States treasure at 10 years of age, while the obstacle rate for a high risk investment will be the Bitcoin return rate for a period of 10 to 15 years.
He then closed his speech by emphasizing how the American ethics and ethics of Bitcoin overlap, and which, like the American flag, Bitcoin is a symbol of hope.
“I think Bitcoin and what it represents, more than as a financial resource, also helps to fill that hunger for a symbol, a reminder of what was the American size that was,” said Ramaswamy. “And I think it does so, in the national context, an even more suitable resource to fill our national strategic reserve.”
Matthew Pines: the world is paying attention to Bitcoin after SBR EO
Matthew Pines, BPI executive director, underlined that Bitcoin is starting to take the center of the scene in the eyes of the world leaders for two reasons.
The first, he said, is because the US debt markets have become increasingly fragile, pushing global leaders to start trying to invest in a global reserve resource apart from the American treasure.
The second reason is that SBR EO of President Trump has clearly declared that the United States see Bitcoin as “digital gold” and that it will only be a matter of time before other leaders see it as the same.
“The executive order of last Thursday landed on the desk of every great president, Central Bank [chair] And finance minister in the world, “said Pines.
“Now there are discussions on how to interpret it. What does this mean for the relationship of your country with Bitcoin? Governments do not move too quickly, but when they do, they move in size, move in scale and can distribute trillion dollars in the capital that can have geopolitical effects, “he added.
“And I think we are at this point of flexion in which Bitcoin’s geopolitical aspects begin to become extremely important and can model the next few years of Bitcoin’s future. The Bitcoin race is now active and the ball is on the field to maintain our advantage. “
Deputy Nick Begich reintroduces the Bitcoin act
After Pines concluded his speech, he introduced the representative Nick Begich (R-AK) on stage, where the deputy made a great announcement.
“Today, I will announce the 2025 Bitcoin Act in the United States Chamber,” said the representative Begich.
The bill, which is an updated version of Bill Sen. Lummis proposed last year, proposes that the United States acquire 1 million bitcoins (at no expense for taxpayers) and protects the right of self -awareness of US citizens to their bitcoin.
“[The bill] Explicitly protects the rights of individuals to possess, retain and transition to Bitcoin freely, “said the representative Begich.” He recognizes self -aware as a fundamental right. “
Congress Ro Khanna: Democrats should support Bitcoin
After a short speech by Zack Shapiro, head of BPI’s policy, on why the United States should keep Bitcoin in their reserves, the Ro Khanna representative (D-CA) supported the reason why Democrats should embrace Bitcoin.
“Bitcoin should be bipartisan,” said representative Khanna, the only democratic politician to speak to the event.
“Now, people will be able to get Bitcoin. This is transformative for so many people all over the world, and this is why the Democratic Party should embrace it 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 American values
After a handful of talks and panels including artists of the caliber of the CEO of the house Nick Neuman, the Newmarket Capital CEO Andrew Hohns and Lightspark CSO Christian Catalini, the CEO of Strike Jack Mallers has risen on stage as the last speaker of the summit.
In his speech, entitled “Strategic Bitcoin Reserve: The American Monetary Revolution”, Mallers claimed that the institution of the SBR was “a return to American values - including life, freedom and property”.
“The executive order of Bitcoin Reserve and the Bitcoin law proposed by Senator Lummis is the most significant economic change and announcement and the only positive economic announcement that has come out of the Capitol of this nation in the last 100 years,” said Mallers.
He continued by saying that American economic policy worked against the principles in which the country was founded and mentioned the executive order 6102 (gold confiscation under President Franklin D. Roosevelt in 1933), Nixon’s shock (President Nixon who deposited the US dollar from gold in 1971) and bank bailouts of 2008.
However, it ended with a high note.
“[This is a] fundamental moment in American history and a turning point in economic policy for this country, “said Mallers.” The history of humanity is [people] Engineering of a better world – This is America, this is Bitcoin. “