Bitcoin conference

“It’s been quite a while since I’ve been to a conference with this level of energy… I promise I’m not just saying that to juice my own memecoins.” After dropping this clanger in his keynote speech at the 2025 Bitcoin Conference, J.D. Vance paused awkwardly for an applause which never arrived. Bar a few perfunctory laughs, this was one buzzword the Vice President rolled out which failed to impress the thousands-strong crowd in Vegas yesterday afternoon. To understand the frosty reception, a cursory glance through Trump’s recent dealings in this chaotic corner of the crypto industry is required. On January 17 this year – a mere three days before his inauguration – the soon-to-be president of the United States launched his own memecoin: $TRUMP.

I don’t gamble. But in October 2016, I made a bet. It was obvious Trump didn’t just have skeletons in his closet but a walk-in necropolis. As we stumbled toward November, the question wasn’t whether one of these skeletons would break free, but just how bad the October Surprise would be. It was supposed to be a polling-shifting, election-sealing, reputational nuclear bomb. And if you read the press, that’s what the “Pussy-Grabbing Tape” was. But to me, it was just another example of Trump being vulgar. And Trump had always been vulgar. And voters liked that he was vulgar, or didn’t care that he was vulgar, or liked that he was so unlike other politicians that he could be vulgar.