Unlocking the Potential: How JD Vance Believes Cryptocurrency Can Empower Everyday Americans—And the Real Numbers Behind Usage

Vice President JD Vance and two of Donald Trump’s sons were in Las Vegas recently, discussing the impact of cryptocurrencies on everyday Americans. Vance spoke at the Bitcoin 2025 conference, emphasizing that this is a unique chance to drive innovation and enhance the lives of many.

But the embrace of cryptocurrency isn’t widespread yet. Current data reveals that only 17% of U.S. adults have ever used or invested in cryptocurrencies, with just 8% doing so in the past year. Pew Research highlights that younger men, specifically those aged 18 to 29, are the most likely users, while older women, especially those over 50, are far less involved.

Interestingly, a recent report from the U.S. Federal Reserve indicates that crypto usage dipped to 7% among U.S. adults in 2024, down from 12% in 2021. In contrast, a 2024 survey suggests a more optimistic view, showing that 14% of Americans own Bitcoin. With about 260 million adults in the U.S., this means around 36 million people hold Bitcoin.

When we compare these figures to traditional investments, the landscape looks a bit different. About 26% of U.S. households own stocks or mutual funds, while 60% have retirement accounts, according to the U.S. Census Bureau.

The Trump administration has been actively engaging with the crypto community. Recently, Trump hosted a dinner for supporters of his personal meme coin. Additionally, the Labor Department has relaxed its guidance, making it easier for employers to offer cryptocurrency in 401(k) plans.

Vance reassured the audience that cryptocurrencies, especially Bitcoin, are becoming a mainstay in the economy. He highlighted Bitcoin’s potential to provide banking access to unbanked Americans. In fact, as of 2023, around 4.2% of U.S. households are still unbanked, according to the FDIC. Vance noted, “Crypto has transformed how Americans transact with each other. It has opened doors for those who may have been left out of traditional banking.”

As the conversation around cryptocurrencies evolves, it’s clear there is both excitement and caution. Many are still navigating how these digital assets fit into their lives and finances. The journey of cryptocurrency, from niche interest to broader acceptance, is just beginning.



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