Bitaigen Research We have compiled the latest statements from U.S. Commerce Secretary Howard Lutnick, explaining why Bitcoin could be classified alongside gold and oil as a commodity, and we examine the far‑reaching implications for regulation, markets, and national asset allocation. To understand the policy logic and industry outlook, read the full article.
U.S. Commerce Secretary Howard Lutnick explicitly stated that Bitcoin should be defined as a commodity, placed on the same regulatory footing as gold and oil, and incorporated into official trading systems and national economic statistics.
The First 100 Days of the Trump Administration: News‑Heavy, Policy‑Fast
Lutnick emphasized that President Trump holds a daily press briefing at the White House. Although this adds pressure to the administration’s staff, it accelerates the implementation of policies. “Never before have we seen a president so comfortable facing the media, especially taking a proactive stance on Bitcoin.” He noted that this high visibility helps push related legislation and projects forward at speed.
Bitcoin in the Strategic Reserve: Lutnick’s Collaboration with David Sacks
On the Bitcoin policy front, Lutnick has long been aligned with the self‑styled “AI‑Crypto czar” David Sacks, a staunch supporter even before taking office. Together they helped Trump fulfill a campaign promise to create a Bitcoin Strategic Reserve, formally recognizing Bitcoin as a national asset of the United States.
Lutnick’s Journey into Blockchain: From Technology to Scarcity Value
- In 2017, Lutnick first encountered blockchain, initially seeking only a technical understanding.
- After deeper research he concluded that Bitcoin’s scarcity (a capped supply of 21 million coins and immutable ledger) is the core source of value.
- By 2020 he led his organization to commit fully to the Bitcoin market, covering research, analysis, and direct holdings.
Commerce Department Launches an “Investment Accelerator” to Aid Miner‑Built Power Plants
The Commerce Department announced an Investment Accelerator program that offers a “one‑stop” administrative service to any company investing ≥ USD 10 billion in the United States. Lutnick illustrated the initiative by saying Bitcoin miners could soon erect small‑scale power stations next to natural‑gas fields, enabling “self‑generated power, self‑mined Bitcoin.” This would cut energy costs at the source and boost the sector’s competitiveness.
Treating Bitcoin as a Commodity: Equal Status with Gold and Oil
Lutnick argues that Bitcoin should be regulated under the commodity framework rather than as a traditional currency. He stated: “Bitcoin, like gold and oil, has a limited supply and can be freely bought and sold; it deserves the same trading freedom and legal status.” He added that during the Biden administration Bitcoin was often mischaracterized as a high‑risk asset, a bias the United States is now gradually correcting.
Possibility of Including Bitcoin in GDP and Trade Statistics: A BEA‑Led Study
When asked whether Bitcoin will be incorporated into official economic metrics, Lutnick called the suggestion “very good.” The Commerce Department has tasked the Bureau of Economic Analysis (BEA) with a study that could eventually count Bitcoin holdings and transaction volumes directly in the nation’s GDP and trade data.
On the Quantity of Bitcoin Held by the United States and Its Custodians
Addressing external curiosity about the total amount of Bitcoin the United States holds and which institution safeguards it, Lutnick disclosed that no public data exists yet; the figures will be released only after a coordinated announcement from the White House.
Phase‑One Priorities of the Trump Administration: Secure Global Trade First, Expand Bitcoin Footprint Later
Lutnick stressed that the administration’s top priority is to reshape global trade rules, restoring a level playing field for U.S. businesses. The goal is to complete the main trade negotiations within 90 days. After that, the focus will shift to promoting Bitcoin, solidifying the United States’ position as a globally Bitcoin‑friendly nation.
The above provides a detailed interpretation of U.S. Commerce Secretary Howard Lutnick’s view that Bitcoin should be traded as a commodity on par with gold and oil. For more information on the Trump administration’s trade strategy, follow additional articles on Bitaigen (比特根).
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