Bitcoin should be treated like gold and oil for commodity trading! Secretary of Commerce Lutnick: The Trump administration will assist miners in building their own power plants.

U.S. Secretary of Commerce Howard Lutnick was interviewed this morning on 4/29 to discuss President Trump’s 100 days in office, significant economic reforms, and views on repositioning Bitcoin (Bitcoin) policies. He stated that the government is not only establishing a “Bitcoin Strategic Reserve”, but also plans to incorporate Bitcoin into official economic statistics like gold in the future. He further revealed that the government will inject significant capital into accelerators to assist Bitcoin miners in building their own power plants, allowing the mining industry to take root in the U.S.

The first 100 days of the Trump administration have news and progress every day.

Lutnick was the first to state that President Trump actively holds press conferences at the White House every day. Although this level of exposure puts a lot of pressure on the entire administration, it also quickly advances policy.

“I have never seen a president so comfortable facing the media every day, especially being more proactive on the Bitcoin issue,” Lutnick emphasized.

Bitcoin included in strategic reserves, Lutnick and David Sacks as promoters

Speaking about Bitcoin policy, Lutnick emphasized that he and AI crypto czar David Sacks were supporters of Bitcoin long before advancing the government. They joined forces to push Trump to fulfill his campaign promise and quickly established the “Bitcoin Strategic Reserve” (Bitcoin Strategic Reserve), allowing the United States to officially hold Bitcoin as a national asset.

Lutnick’s self-revelation of his experience in getting into the industry, from blockchain to falling in love with Bitcoin

Lutnick shared that he started to get involved with Bitcoin in 2017, initially wanting to understand blockchain technology, but after researching, he found that the “scarcity” of Bitcoin itself is the most core value.

The total supply of Bitcoin is fixed at 21 million coins, and no one can tamper with it. This rarity is akin to the gold of the digital age. By 2020, he even led his company to fully invest in the Bitcoin market, from research and analysis to actual holdings.

The Ministry of Commerce has launched the “Investment Accelerator”, allowing Bitcoin miners to build power plants on their own.

In addition to policy support, Lutnick also announced that the Department of Commerce will launch the “Investment Accelerator” (Investment Accelerator) program. As long as companies are willing to invest more than $1 billion in the United States, the government will provide “white glove services” to help resolve various administrative procedures.

He cited an example that Bitcoin miners in the future in the United States will no longer be restricted by the power grid and can build their own small power plants directly next to natural gas fields, “generate electricity themselves and mine themselves,” controlling energy costs from the source and truly achieving energy independence.

Emphasize that Bitcoin is a commodity that can be traded like gold and oil.

Lutnick believes that Bitcoin should be managed as a commodity (Commodity) rather than as a currency. He said, “Like gold and oil, Bitcoin is limited in supply and can be freely bought and sold, and should enjoy the same freedom and legitimacy.”

He also mentioned that during the Biden administration, Bitcoin was often seen as a problematic and suspicious asset, but he wants these misconceptions to be a thing of the past, as the United States will increasingly embrace Bitcoin in the future.

Is the inclusion of Bitcoin in GDP and trade data being studied by the Ministry of Commerce?

The host asked whether the United States would officially incorporate Bitcoin into the national economic statistics like gold.

Lutnick stated that this is a “very good proposal” and has already asked the Bureau of Economic Analysis ( BEA ) to start research, with the possibility of officially including Bitcoin holdings and transaction volumes in official data in the future.

Details about how much Bitcoin is held by the United States have not yet been released.

Regarding external concerns about how much Bitcoin the U.S. government currently holds and who manages the Bitcoin strategic reserves, Lutnick stated that he cannot reveal this information for the time being and that it must wait for a unified announcement from the White House.

The Trump administration will first tackle global trade and then expand the Bitcoin territory.

Finally, Lutnick pointed out that Trump’s current top priority is to reset global trade rules to place the United States back in a position of fair competition. The goal is to complete major trade negotiations within 90 days. Subsequently, Trump is also actively promoting a peace process internationally.

After these major tasks come to a conclusion, the Trump administration will once again focus on promoting Bitcoin, continuing to solidify the United States’ position as a global Bitcoin-friendly country.

This article states that Bitcoin should be traded as a commodity like gold and oil! Secretary of Commerce Lutnick: The Trump administration will assist miners in building their own power plants. It first appeared in Chain News ABMedia.