Vegas glows differently as Bitcoiner, wearing a 30,000 badge, clogs Venetian marble consent, screens that flash BTC bubbles 105-106k tapes, and all the espresso lines bustling with small talk of “hashrate.”
Typically, a three-day festival is distributed in noise, but this one distilled a single theme. The conversation goes beyond justification questions and is arched. Governments, regulators and Megacorps currently have a stance over integration, taxation and monetization.
“Tether will become the world’s largest Bitcoin miner,” Paolo Aldoino has boomed, speaking of $13 billion in profits and revealed “over 100,000 bitcoins we own as a company.” Investors inhaled the news that another $2 billion had been sunk into energy projects, feeling a stable coin juggernaut from liquid piping to literally ground infrastructure.
Bitcoin continues its role as a prop for political campaigns
Pakistan’s special assistant, Bilal bin Saqib, crossed the flag aisle, said, “Today we announce that the Pakistan government has set up its own Bitcoin Strategy Preparation. We will hold these Bitcoins and will not sell them.”
Union Jack then jumped out as Nigel Farage walked on stage, saying, “We are the first party in the UK that can accept donations in Bitcoin,” and promoted a bill that would slice crypto CGTs into 10% while wiring a “Bitcoin Digital Reserve” to British banks. The crowd cried, half screaming for the sight of Hodlers, half recruiting Westminster veterans. Farage has promised Westminster’s stagnation and the future of a “crypto powerhouse” as an opening for a populist rebellion that powered cryptography.
But the recent polls at the bottom of the prime minister’s mountains presented by five lawmakers and a recent poll, here is the most consequential power of rhetoric that “wakens” the main parties to the true importance of Bitcoin in speeches.
The regulated mood music has become softer with tandem. SEC Commissioner Hester Perth admitted, “We need to create a good environment for good actors and a bad environment for bad actors,” and agriculture enforcement officers chased innovators offshore, warning that “we cannot ignore it… ultimately incorporate value into traditional financial products.” Her Dryab in Meme Trader elicited a cathartic chuckle, “If you want to guess, don’t complain to the government…”, but signaled a pivot from the interference to Ruhrcraft.
Bitcoin technological development takes the back seat in the world record
Builder matched the policy tempo. Marco Argentieri, CEO of Ark Labs, announced Arkade, “We have explained how to virtualize the Bitcoin transaction layer and convert it into a dynamic financial platform where operations are made instantly and eliminate sidechain or wrap tokens. Early partners go to stable co-in-titans in wallet apps, and promise ninja-level programmerism above the bone layer, from the launch looms of the mainnet of Q3.
Even organizers have chased headlines and fired the Guinness World Record attempts of the most Bitcoin transactions in a day. This is an on-chain carnival that combines well with the hash heavy, policy-hungry mood of the conference. As volunteers flaunted cardboard signs by tapping “Tap Here and reading STACK SATS,” attendees lined up to spam micropayments, proving that the culture of the network is an equal part of engineering sprints and street festivals.
When attendees head out to the Nevada dusk, some may have noticed that the arc of the story now resembles urban planning more than a rebellion. Zoning boards, tax codes and energy grids are new battlefields. It’s a sort of progress, but I suspect Bitcoiner will miss out on the outlaw’s adrenaline when the paperwork begins.
Other highlights of Bitcoin 2025
Michael Saylor gave a keynote speech on the first day of Bitcoin 2025. His “21 Ways to Wealth” speech was the highlight of the industry day of the event. Thaler highlighted Bitcoin’s role as a transformative financial asset, urging companies to adopt it as the main treasury ministry.
He said, “Take your fiat currency and exchange it for Bitcoin… Sell your bonds, sell your inferior real estate assets, buy Bitcoin, buy Bitcoin,” highlighting his belief in Bitcoin’s superiority over traditional assets.
In other famous moments, Vice President JD Vance laid out the strategic Bitcoin reserve as the next American resilience board, declaring that financial sovereignty is now overtaking the budget scare with Washington’s pecking order.
Miles Star continued with a square-driven demonstration, claiming that “Bitcoin is something that should live on, not something to be held anymore.” The duo pitches unlimited money and unlimited media as a new culture war aspect of the movement.
Robinhood founder Vlad Tenev sketched the AI-fuel future of single-person companies and tokenized equity, claiming that unauthorized capital would close the gatekeeper cartel just as decisively as Bitcoin’s abused remittance.
Finally, White House Crypto Czar David Sacks reminded attendees that the president’s approval already existed, adding, “If either the Treasury or the Commercial can figure out how to raise funds without adding to the debt, they will be allowed to create those programs.”
But for all stances, the US Bitcoin Strategy Preparation continues to be a promise not to sell seized Bitcoin, not a monetary policy. If the government is taking your bitcoin, it won’t be thrown away in the market anymore, but there is no official policy yet to actually buy bitcoin.
Is Bitcoin still cypherpunk?
It cannot shake up lingering concerns that the keynote speech is almost entirely focused on Bitcoin propaganda and political stance rather than protocol development, security and decentralization. I have helped educate the world about the importance of bitcoinization, and I am wondering how the headliner of the Bitcoin Conference is doing that.
Certainly, the headline story has energised American Bitcoin loyalists, but we are worried that we are increasingly lost in the cypherpunk spirit of Bitcoin’s origins. Populist politicians with minor government roles continue to use Bitcoin to win Bitcoin, and businesses celebrate the Bitcoin stack.
Is this Satoshi’s Bitcoin yet? I think so, but we have to continue to remind ourselves of why we love Bitcoin and how high this week it’s just dabbing on the back, why we love Bitcoin.
