Trump Calls Peter Van Valkenburgh’s Bitcoin Testimony Greatest Explanation Ever

Key Points

1. Peter Van Valkenburgh's testimony positioned Bitcoin as the world’s first public digital payments infrastructure, likening it to the Internet.

2. Van Valkenburgh contrasted Bitcoin with traditional banking systems, noting that cash remains the only public alternative for payments.

3. He compared Bitcoin's current state to email in 1972, suggesting that failures in traditional systems are becoming more severe.

4. Van Valkenburgh cited historical bank frauds, such as the $1.8 billion Punjab National Bank fraud, to underscore the vulnerabilities of traditional financial systems.

5. Trump’s endorsement of Van Valkenburgh's testimony brought attention to policies supporting the GENIUS Act and digital asset framework development.