Crypto Support Soars: US Foresees National Bitcoin Reserve and $170K BTC Price by 2026

The Bitcoin Conference 2025 — Day 2. In the United States, Vice President JD Vance stated that the Trump administration is a supporter of cryptocurrencies, claiming that now there is a defender of crypto in the White House. He mentioned that Operation Chokepoint 2.0 is dead and that Gary Gensler has been expelled. Regulatory developments include the abolition of the restrictive rules from the previous administration and the upcoming passage of the GENIUS Law, which will fully integrate cryptocurrencies into the US economy. Regarding Bitcoin as a strategic asset, Vance announced the creation of a national Bitcoin reserve, highlighted that 50 million Americans own Bitcoin with a goal to reach 100 million, and pointed out that since China dislikes Bitcoin, the US should support it. He emphasized cryptocurrencies' role in protecting against inflation and poor economic policies, and noted that stablecoins serve as an enhancer of the dollar’s power. The US crypto industry is valued at $3 trillion, and a state Bitcoin reserve has been established. Additionally, Trump’s sons predicted Bitcoin could reach $170,000 by 2026. Peter Schiff, as usual, criticized the vice president's statements. This follows Day 1 of the conference.