Trump shares a Bitcoin introduction video, boosting the discussion on Crypto Assets once again.

President Trump recently shared a video at a hearing in the U.S. Senate, in which Coin Center Research Director Peter Van Valkenburgh made a strong defense of Bitcoin, explaining the decentralized nature of Bitcoin and its important role as a public financial infrastructure. This move has once again sparked widespread discussion about Bitcoin and Crypto Assets.

Trump shared a video mentioning Bitcoin information.

Trump shared a remarkable speech video by Peter Van Valkenburgh, the research director of Coin Center, on the X platform, made during a hearing in the U.S. Senate. Van Valkenburgh emphasized that Bitcoin, as the world's first crypto asset, is built on the first public blockchain network, allowing anyone to send and receive value globally through a computer and internet connection, without relying on trusted third parties such as banks.

He also mentioned the revolutionary significance of Bitcoin as the world's first public digital payment infrastructure, similar to the position of the Internet in the information age. Unlike traditional financial systems, which rely on private banks to update ledgers and approve transactions, Bitcoin operates on a public blockchain accessible to anyone, regardless of the user's background or credit status.

Decentralization design addresses the weaknesses of centralized systems.

Van Valkenburgh further pointed out that the decentralized design of Bitcoin can directly address the inherent vulnerabilities of centralized systems, which often have single points of failure and are susceptible to attacks. He cited several of the most serious security breach incidents in modern history, such as the Equifax data breach, which exposed the personal information of 143 million Americans, the SWIFT network fraud incident, involving hundreds of millions in financial losses, including the involvement of North Korean hackers, and the $1.8 billion fraud case of the Punjab National Bank in India, all of which demonstrate the intrinsic problems of centralized trust systems.

He also mentioned that the Dyn botnet attack in 2016 caused multiple major websites to go down, and expanded this issue to the Internet of Things (IoT), pointing out that due to reliance on centralized control systems, devices like pacemakers, baby monitors, and even vehicles have encountered security vulnerabilities.

Promote the development of public digital infrastructure.

Van Valkenburgh advocates for the development of more public digital infrastructure, such as Bitcoin and blockchain networks, to reduce reliance on powerful corporate intermediaries. He believes that these systems can promote greater competitiveness, resilience, and user empowerment, potentially replacing centralized bottlenecks that are vulnerable to attacks, censorship, and abuse.

Strategy has held over 600,000 Bitcoins.

With the support of well-known figures in the financial and political fields for Bitcoin, the institutional adoption of Crypto Assets is also continuing to grow, with companies like Strategy buying Bitcoin in large quantities. Strategy has once again expanded its massive Bitcoin and Crypto Assets reserves. The company has newly purchased 6,220 Bitcoins, worth approximately $739.8 million. This purchase brought Strategy's Bitcoin holdings to an astonishing 607,770 coins, with a cost basis of about $43.6 billion.

Conclusion: President Trump shared a Bitcoin defense video, once again bringing the topics of Bitcoin and Crypto Assets into the spotlight. With the further development of Bitcoin and blockchain technology, institutional investors' interest is also increasing, proving Bitcoin's position as a reliable store of value.