Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. President Donald Trump has reignited cryptoconversations online after sharing a viral video explaining Bitcoin during a U.S. Senate hearing. The clip, which features Director of Research at Coin Center, Peter Van Valkenburgh, offers a powerful defense of Bitcoin’s decentralized nature and its role as public financial infrastructure. What His Bitcoin Message Means
As mentioned by MJTruthUltra’s poston X, President Donald Trump has shared a videoof Peter Van Valkenburgh, Coin Center’s Director of Research, delivering a powerful and articulate explanation of Bitcoin during a US Senate hearing. Related Reading Trump Media’s $2 Billion Bitcoin Buy Sparks Surge In Stock Price 15 hours ago
Speaking before the lawmakers, Van Valkenburgh described Bitcoin as the world’sfirst cryptocurrency, built on the first public blockchainnetwork. He emphasized that Bitcoin allows anyone to send and receive value globally using just a computer and an internet connection without relying on trusted third parties like banks.
He also highlights Bitcoin’s revolutionary nature as the first public digital payments infrastructure, compared to the internet information before money access. Unlike traditional financial systems, which rely on private banks to updateledgers and approve transactions, Bitcoin operates on a public blockchain that anyone can access, regardless of background or credit status.
Van Valkenburgh stated that Bitcoin’s decentralized design directly addresses the inherent vulnerabilities of centralized systems, which often have single points of failure. These weaknesses have led to some of the most damaging security breaches in modern history. He points to high-profile incidents, such as the Equifax data breach, which exposed the personal information of 143 million Americans, the SWIFT network frauds, which totaled hundreds of millions, including cases involving North Korean hackers, and the $1.8 billion fraud at Punjab National Bank, which enabled internal exploitation of centralized trust.
Van Valkenburgh also cites the 2016 Dyn botnet attack, which took down major websites. He extends these concerns to the Internet of Things, where hacks have compromised pacemakers, baby monitors, and even vehicles, all due to reliance on centralized control systems.
He advocates for the development of more public digital infrastructure, like Bitcoin and Blockchain networks, to reduce reliance on powerful corporate intermediaries. These systems foster greater competition, resilience, and user empowerment by potentiallyreplacing centralized chokepoints that are vulnerable to failure, censorship, and abuse. MicroStrategy Now Owns Over 600 Bitcoin
While prominent figures in the financial and political landscape advocate for Bitcoin, institutional adoption continues to grow, with companies like Strategy purchasing the asset in large quantities. This rising interest from large-scale investors and businesses adds weight to BTC’s status as a reliable store of value. Related Reading Bitcoin Holders Are Taking Profits—But Is the Top Still Far Away? 18 hours ago
BNB Swap revealedon X that Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, has again expanded its massivecrypto and BTC treasury. The firm has acquired an additional 6,220 BTC, worth $739.8 million. This latest purchase pushes MicroStrategy’s total Bitcoin holdingsto an astonishing 607,770 BTC, accumulated at an estimated cost basis of $43.6 billion. BTC trading at $118,973 on the daily chart | Source: BTCUSDT on Tradingview.com Featured image from iStock images, chart from tradingview.com