
Bitcoin Vegas: Ten Moments That Can't Be Missed In The Bull Run
Held in the heat of the Nevada desert and the heat of Bitcoin's bull run, it attracted policymakers, builders, institutional investors, and an increasingly diverse wave of new adopters. The tone was clear: Bitcoin is here to build.
Here are the 10 most compelling moments that defined today's events—and why they matter.
One of the most inspiring gatherings of the entire conference wasn't held on the main stage—it was at the Women of Bitcoin Brunch, where over 500 women came together to celebrate Bitcoin's growing role in financial freedom and inclusion.
Led by Natalie Brunell of Coin Stories and sponsored by Mara, the event featured open dialogue on how Bitcoin empowers women globally, especially in regions where traditional banking falls short. Among the special guests: Senator Cynthia Lummis, a fierce crypto advocate, who emphasized that Bitcoin represents not only financial opportunity—but generational transformation.
Women of Bitcoin Vegas 2025
Sandy Carter
The event also launched a new scholarship initiative to support young women entering the Bitcoin space. The youngest attendee? Just 12 years old. The signal: Bitcoin's next generation is already here.
In a major policy announcement, Senator Lummis revealed that the much-anticipated Strategic Bitcoin Reserve Act will soon be introduced on the Senate floor. The bill proposes that the U.S. Treasury acquire 1 million Bitcoin as part of a long-term national reserve strategy.
Senator Lummis speaking at Bitcoin Vegas
Bitcoin Conference
This move would mark a monumental shift in how sovereign entities treat Bitcoin—positioning the U.S. as not just a regulator of crypto, but a strategic holder. It's the clearest indication yet that Bitcoin is entering the halls of power in a real and irreversible way.
Block, formerly Square, announced that its Point of Sale systems will soon support Bitcoin Lightning payments, making Bitcoin acceptance seamless for merchants. The rollout begins in late 2025 and is expected to reach all eligible sellers by 2026, pending regulatory approvals.
This means millions of businesses could soon accept Bitcoin with low fees and near-instant settlement, simply by scanning a QR code. Block's integration will also abstract away backend complexity—converting and settling payments behind the scenes. For the end user, Bitcoin becomes as easy to use as Apple Pay.
One of the more unconventional moments came from the exhibitor floor, where companies showcased how Bitcoin mining can now be done at home—and with surprising benefits - where you can earn bitcoin! This is very similar to the DePin devices that enable everyone to earn a passive income.
MeinCoffee demoed a countertop miner that doubles as a coffee warmer, while Solo Mining Co. introduced wax melters that mine Bitcoin while creating a pleasant home scent. As Duncan Coombe put it, 'Why shouldn't mining smell like vanilla and yield sats?'
Duncan Coombe showcasing a MeinCoffee
Sandy Carter
This marks a trend toward consumer-friendly mining hardware, unlocking passive income for everyday users.
Hot off a successful IPO in May, trading platform eToro brought major energy to the show floor. U.S. CEO Andrew McCormick emphasized the company's growing focus on digital assets and its ambition to bridge the gap between traditional retail investors and crypto markets.
In speaking with Andrew McCormick, Head of eToro US, he told me, "As a platform dedicated to opening access to crypto and capital markets, eToro works to empower users to trade, share, learn and invest in a way that suits their unique needs. It's a honor to now be a part of their investment choices as a publicly traded company. Listing on Nasdaq is a milestone along our journey and we plan to continue to push boundaries to meet the evolving needs of the retail investor.'
With new investment products and a larger war chest, eToro is positioning itself as a central on-ramp to Bitcoin for the next wave of investors.
In a statement that mixed politics with policy, Donald Trump Jr. emphasized that 'the U.S. should be long on crypto,' announcing plans to build a $2.4 billion Bitcoin treasury. While polarizing, the move continues a trend of political voices embracing Bitcoin as a national asset class.
The overlap between Bitcoin advocacy and campaign strategy is clearly growing, especially heading into an election cycle where digital assets are poised to be a talking point.
David Sacks, a founding member of the 'PayPal Mafia' and influential investor, delivered a succinct but powerful endorsement: 'Bitcoin is the financial system of the future.'
Coming from someone who helped architect modern digital payments, the statement underscores a generational shift away from fiat rails and toward decentralized value transfer.
Lindey Magee launched a beautifully illustrated children's book, Bitcoin: A Treasure to Hodl, with artwork by Kenny Nnoli. Targeted at children as young as five, the book simplifies the story and technology behind Bitcoin.
In a space where generational education is critical, this type of content is vital to helping families understand and engage with decentralized finance.
In addition to Senator Lummis, elected officials from New Hampshire, Ohio, and West Virginia attended the conference—many for the first time. Senator Justice and others participated in discussions about Bitcoin's role in financial innovation, monetary policy, and the next era of infrastructure investment.
The bipartisan presence of policymakers reflects a maturing dialogue between the crypto industry and Washington.
Bitcoin isn't just for burgers anymore. Steak 'n Shake's CEO revealed that customers can now pay for burgers and full franchise fees using Bitcoin.
Purchasing a burger with Bitcoin
Sandy Carter
This signals a growing trend of deep integration between BTC and business models. For franchisees, it's a step toward fully on-chain business operations—from investment to revenue flow.
In past years, Bitcoin conferences were dominated by speculation, maximalism, and memes.
This year felt different. Starting with yesterday's soft kick-off, we've seen:
More infrastructure.
More policy.
More diversity.
More utility.
Bitcoin Vegas 2025 was less about 'when Lambo' and more about 'when legislation.' Less about hodling in silence and more about building, educating, and scaling for the next billion users.
Tomorrow I'll be diving into the next set of speakers and community events.
Until then, let this conference be a reminder: Bitcoin isn't just alive—it's accelerating.Did you enjoy this story about the first day of Bitcoin Vegas? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Tariffs threaten high-value stocks, analysts warn
Markets are underestimating the risk from Washington's existing tariffs, some analysts warned, as US stocks hit new highs last week. Wall Street has largely shrugged off US President Donald Trump's threats of higher duties: Investors believe he will ultimately back down from any action that causes an adverse market reaction. But the tariffs Trump has already implemented are enough to hurt corporate earnings, an HSBC strategist said. Investors will get more clues as to the levies' longer-term impact this week as several big firms with extensive tariff exposure, like General Motors, release their latest earnings. Some experts fear disappointing revenue or other economic data 'could pull the rug out from under the latest rally,' Bloomberg wrote. — J.D. Capelouto
Yahoo
7 minutes ago
- Yahoo
Uber Stock Looks Expensive -- or Does It?
Key Points Uber is no longer a cash-burning hypergrowth company. It has a diversified platform upon which it can further grow its business. The rideshare leader's premium valuation could be justifiable. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) has come a long way from its early days as a cash-burning disruptor of the taxi industry. Today, it's a profitable global platform with multiple engines of growth that span mobility, food delivery, logistics, and advertising. But after its share price has more than doubled in the past two years, the stock is no longer cheap. With a trailing price-to-sales (P/S) ratio of around 4.6, it's fair for investors to ask: Has the stock run too far ahead of its fundamentals? While the valuation looks high at first glance, the underlying business might justify the premium. Profitability is no longer just a promise For years, Uber followed a growth-at-all-costs strategy. That's no longer the case. After delivering its first annual profit in 2023, Uber delivered higher revenue and earnings in 2024. Operating income more than doubled from $1.1 billion to $2.8 billion in 2024, and free cash flow also more than doubled from $3.4 billion to $6.9 billion. Uber's profitability streak continued in Q1 2025 when it generated $1.2 billion in operating income on $11.5 billion of revenue. Free cash flow expanded 66% year over year to $2.3 billion. This all demonstrates that its profitability isn't just a temporary condition. The company has fundamentally realigned its business and cost structure, and the results are showing in growth and margins. A multi-engine platform Uber might have started as mainly a ride-hailing operator, but in recent years, it has evolved into a diversified platform. That gives the company multiple ways to expand. Mobility remains its core business, and it's still growing nicely and delivering solid margins and profits thanks to its leadership position in most of its markets. Similarly, delivery -- its second-largest business by revenue -- is now profitable and continues to expand into higher-value verticals like groceries and alcohol. Freight, while still a relatively small revenue contributor that is almost breaking even, adds to the company's long-term optionality in logistics and enterprise transportation. Beyond its core segments, Uber has quietly worked on its monetization, scaling smaller businesses like Uber Ads (advertising) and Uber One, its membership subscription business. This blend of services gives Uber an edge over pure-play delivery or rideshare companies, and it has a huge pool of 150 million monthly active users, plus a vast merchant base, to monetize. Uber's platform also enjoys powerful network effects. As more users join it, it attracts more drivers and merchants. In turn, that drives more transactions, making it even more attractive to customers. That flywheel doesn't just fuel growth -- it also generates a growing pool of first-party data. And with that data, the company's other services like Uber Ads become more effective, enabling better targeting and higher-margin monetization across the ecosystem. And let's not forget other opportunities exist in areas like autonomous ride-hailing and delivery, or its international expansion. While these businesses are still nascent, they have huge growth potential that could rival, if not exceed, Uber's core businesses. Putting Uber's valuation into context Trading at 4.6 times sales, Uber is by no means a bargain. While it's still some distance from the peak P/S of 10.1 that it reached in 2021 during the pandemic, it has about tripled the low point of 1.6 touched in mid-2022. Today, Uber's valuation sits close to midway between the valuations of peers DoorDash and Lyft. Company Trailing P/S Ratio Profitability Uber 4.6 Profitable DoorDash 9.1 Marginally profitable Lyft 1.0 Breakeven Data source: DoorDash is priced for high growth, but its margins are far thinner, and its business is less diversified. Lyft trades at a steep discount but lacks the scale, international reach, and cross-selling synergy that make Uber more compelling. So, while Uber's valuation is not cheap, it's not irrational either, especially considering its growing profitability and market opportunities. What it means for investors Uber stock may no longer be a value play, but it's also no longer just a growth story stock. Today, it has a track record it can point to with solid earnings, multiple growth levers, and optionality. For long-term investors, the question isn't whether Uber is cheap based on one headline metric. It's whether the company can keep executing across its different segments to sustain growth and expand margins. If it can do so, its current share price is quite reasonable. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash and Uber Technologies. The Motley Fool recommends Lyft. The Motley Fool has a disclosure policy. Uber Stock Looks Expensive -- or Does It? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
The American consumer is proving to be resilient, at least according to their bankers
A version of this post first appeared on Despite weak consumer sentiment, an uptick in household debt delinquencies, and anecdotal reports of financial distress, the overarching narrative remains that consumers as a whole are healthy, and they are spending. This is important because personal consumption accounts for about 70% of GDP. On Thursday, we learned monthly retail sales grew 0.6% in June to $720 billion. This metric is hovering near record highs. Retail sales remain very strong. (Source: Census via FRED) This trend was confirmed last week by America's largest banks, which know exactly how much money people have, how much they're spending, and how they're paying for it. "The consumer basically seems to be fine," JPMorgan Chase CFO Jeremy Barnum told analysts on Tuesday. "You see a little bit more stress in the lower income bands than you see in the higher income bands. But that's always true. That's pretty much definitionally true. And nothing there is out of line with our expectations." Barnum acknowledged concerns about debt delinquencies but argued there was little cause for alarm. "Consumer credit is primarily about the labor market," he explained. "In a world with a 4.1% unemployment rate, it's just going to be hard, especially in our portfolio, to see a lot of weakness." The state of consumer spending can be described as cooling, but also "still positive" and "still growing," Barnum said. Other banks echoed that sentiment while addressing their second-quarter profits, which beat analysts' forecasts. "Consumer health remains very strong," Citigroup CFO Mark Mason said. "We do anticipate further consumer [spending] cooling in the second half as ... tariff effects play through." JPMorgan's debit and credit card spending volume in Q2 was up 7% from last year. Citi's branded credit card spending volume increased by 4%. Bank of America said its credit and debit card spending was up 4%. Wells Fargo's purchase volume was up 4% for its debit cards and 8% for its credit cards. BofA card data reflects growth in spending, but the growth has been cooling. (Source: BofA) "Consumers remained resilient, with healthy spending and asset quality," BofA CEO Brian Moynihan said. "Consumers and businesses remain strong as unemployment remains low and inflation remains in check, credit card spending growth softened very slightly in the second quarter, but is still up year over year," Wells Fargo CEO Charlie Scharf said. The big picture 🖼️ As you'll see below in TKer's weekly review of the macro crosscurrents, card spending data from early July shows that consumers continue to spend at a healthy clip. Just because consumers have been resilient doesn't mean they'll remain resilient. As we've been discussing for months, the economic data, while growing, continues to cool. This doesn't mean the economy is doomed to fall into a recession. Rather, it's just an acknowledgement and recognition that it has gotten harder to argue that growth is destiny. For now, we'll just have to keep watching the data — especially the hard data. Because so far, the economy continues to hold up, supported by healthy consumer spending. Review of the macro crosscurrents 🔀 There were several notable data points and macroeconomic developments since our last review: 👎 Inflation ticks higher. The Consumer Price Index (CPI) in June was up 2.7% from a year ago. Adjusted for food and energy prices, core CPI was up 2.9%, up from the prior month's 2.8% rate. (Source: Greg Daco) On a month-over-month basis, CPI was up 0.3% and core CPI increased just 0.2%. If you annualize the three-month trend in the monthly figures — a reflection of the short-term trend in prices — core CPI climbed 2.4%. (Source: Greg Daco) ⛽️ Gas prices tick lower. From AAA: "In the thick of summer, gas prices are laying low with the national average for a gallon of regular going down one cent from a week ago to $3.16. Pump prices have dipped to match the summer of 2021, the last time seasonal gas prices were this low. Meanwhile, a low-pressure system off the Gulf Coast has the potential, albeit low, to strengthen, and it's something to watch as it moves westward. This time of year, tropical activity can have an effect on gas prices if there's damage to refineries or if local flooding affects gasoline distribution or demand." (Source: AAA) For more on energy prices, read: 🛢️ 🛍️ Shopping ticks higher. Retail sales increased 0.6% in June to $720.1 billion. (Source: Census via FRED) Growth was broad-based, with just a couple of categories showing modest declines. (Source: Wells Fargo) 💳 Card spending data is holding up. From JPM: "As of 11 Jul 2025, our Chase Consumer Card spending data (unadjusted) was 6.6% above the same day last year. Based on the Chase Consumer Card data through 11 Jul 2025, our estimate of the US Census July control measure of retail sales m/m is 0.63%." (Source: JPMorgan) From BofA: "Total card spending per HH was up 4.5% y/y in the week ending Jul 12, according to BAC aggregated credit & debit card data. The jump in y/y growth was mainly due to the timing shift in Prime Day & other promotions (Jul 8-11 '25 vs Jul 16-17 '24). Relative to last week, online retail saw the biggest rise in y/y spending growth." (Source: BofA) For more on consumer spending, read: 🛍️ 👍 Consumer sentiment improves from low levels. From the University of Michigan's July Surveys of Consumers: "While sentiment reached its highest value in five months, it remains a substantial 16% below December 2024 and is well below its historical average. Short-run business conditions improved about 8%, whereas expected personal finances fell back about 4%. Consumers are unlikely to regain their confidence in the economy unless they feel assured that inflation is unlikely to worsen, for example if trade policy stabilizes for the foreseeable future." (Source: Univ. of Michigan) Relatively weak consumer sentiment readings appear to contradict resilient consumer spending data. For more on this contradiction, read: 🙊 and 🛫 💼 New unemployment claims tick lower — but total ongoing claims tick higher. Initial claims for unemployment benefits declined to 221,000 during the week ending July 12, down from 228,000 the week prior. This metric remains at levels historically associated with economic growth. (Source: DoL via FRED) Insured unemployment, which captures those who continue to claim unemployment benefits, rose to 1.956 million during the week ending July 5. This metric is near its highest level since November 2021. (Source: DoL via FRED) Steady initial claims confirm that layoff activity remains low. Rising continued claims confirm hiring activity is weakening. This dynamic warrants close attention, as it reflects a deteriorating labor market. For more context, read: 🧩 and 💼 🛠️ Industrial activity improves. Industrial production activity in June increased 0.3% from prior month levels. Manufacturing ticked up by 0.1%. (Source: Federal Reserve) For more on economic activity cooling, read: 📉 🏠 Mortgage rates tick higher. According to Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.75%, up from 6.72% last week. From Freddie Mac: "The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act." (Source: Freddie Mac) There are 147.8 million housing units in the U.S., of which 86.1 million are owner-occupied and about 34.1 million are mortgage-free. Of those carrying mortgage debt, almost all have fixed-rate mortgages, and most of those mortgages have rates that were locked in before rates surged from 2021 lows. All of this is to say: Most homeowners are not particularly sensitive to the small weekly movements in home prices or mortgage rates. For more on mortgages and home prices, read: 😖 🏠 Homebuilder sentiment ticks higher. From the NAHB: "Builder confidence for future sales expectations received a slight boost in July with the passage of the One Big Beautiful Bill Act but elevated interest rates and economic and policy uncertainty continue to act as headwinds for the housing sector. … the latest HMI survey also revealed that 38% of builders reported cutting prices in July, the highest percentage since NAHB began tracking this figure on a monthly basis in 2022. This compares with 37% of builders who reported cutting prices in June, 34% in May and 29% in April. Meanwhile, the average price reduction was 5% in July, the same as it's been every month since last November. The use of sales incentives was 62% in July, unchanged from June." (Source: NAHB) 🔨 New home construction starts rise. Housing starts increased 4.6% in June to an annualized rate of 1.26 million units, according to the Census Bureau. Building permits ticked up 0.2% to an annualized rate of 1.4 million units. (Source: Census) 🏢 Offices remain relatively empty. From Kastle Systems: "Peak day office occupancy rose to 63% on Tuesday last week, only 1.2 points lower than the post-pandemic record high set in early June.. The average low was on Thursday (7/3) at 36.7%, more than 20 points lower than the previous week. New York City and Chicago experienced the largest decreases in occupancy leading up to the holiday, declining more than 30 points from the previous Thursday to 30.1% and 32.2%, respectively." (Source: Kastle) For more on office occupancy, read: 🏢 😬 This is the stuff pros are worried about. From BofA's July Global Fund Manager Survey: "Trade war triggering a global recession is still viewed as the #1 'tail risk' according to 38% of FMS investors (down from 47% in June). Inflation preventing Fed rate cuts is the 2nd biggest 'tail risk' (20%), while 14% say the biggest 'tail risk' is the US dollar slumping on capital flight." (Source: BofA) (Source: BofA) 📈 Near-term GDP growth estimates are tracking positively. The Atlanta Fed's GDPNow model sees real GDP growth rising at a 2.4% rate in Q2. (Source: Atlanta Fed) For more on GDP and the economy, read: 📉 and 🤨 Putting it all together 📋 🚨 The Trump administration's pursuit of tariffs threatens to disrupt global trade, with significant implications for the U.S. economy, corporate earnings, and the stock market. Until we get more clarity, here's where things stand: Earnings look bullish: The long-term outlook for the stock market remains favorable, bolstered by expectations for years of earnings growth. And earnings are the most important driver of stock prices. Demand is positive: Demand for goods and services remains positive, supported by healthy consumer and business balance sheets. Job creation, while cooling, also remains positive, and the Federal Reserve — having resolved the inflation crisis — shifted its focus toward supporting the labor market. But growth is cooling: While the economy remains healthy, growth has normalized from much hotter levels earlier in the cycle. The economy is less "coiled" these days as major tailwinds like excess job openings and core capex orders have faded. It has become harder to argue that growth is destiny. Actions speak louder than words: We are in an odd period, given that the hard economic data decoupled from the soft sentiment-oriented data. Consumer and business sentiment has been relatively poor, even as tangible consumer and business activity continues to grow and trend at record levels. From an investor's perspective, what matters is that the hard economic data continues to hold up. Stocks are not the economy: There's a case to be made that the U.S. stock market could outperform the U.S. economy in the near term, thanks largely to positive operating leverage. Since the pandemic, companies have aggressively adjusted their cost structures. This came with strategic layoffs and investment in new equipment, including hardware powered by AI. These moves are resulting in positive operating leverage, which means a modest amount of sales growth — in the cooling economy — is translating to robust earnings growth. Mind the ever-present risks: Of course, we should not get complacent. There will always be risks to worry about, such as U.S. political uncertainty, geopolitical turmoil, energy price volatility, and cyber attacks. There are also the dreaded unknowns. Any of these risks can flare up and spark short-term volatility in the markets. Investing is never a smooth ride: There's also the harsh reality that economic recessions and bear markets are developments that all long-term investors should expect as they build wealth in the markets. Always keep your stock market seat belts fastened. Think long-term: For now, there's no reason to believe there'll be a challenge that the economy and the markets won't be able to overcome over time. The long game remains undefeated, and it's a streak that long-term investors can expect to continue.A version of this post first appeared on