U.S. Secretary of Commerce Howard Lutnick was interviewed this morning on 4/29 to discuss President Trump's first 100 days in office, major economic reforms, and the repositioning of Bit policies. He stated that the government not only plans to establish a "Bit Strategic Reserve" but also intends to incorporate Bit into official economic statistics like gold in the future. He further revealed that the government would massively invest in accelerators to help Bit miners build their own power plants, bringing the mining industry to the ground in the United States.
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Lutnick first stated that President Trump actively holds press conferences at the White House every day, which, while creating excessive exposure that puts pressure on the entire administrative team, also rapidly advances policies.
"I've never seen a president so comfortable facing the media every day, especially being more proactive on the Bit issue," Lutnick emphasized.
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Regarding Bit policy, Lutnick particularly emphasized that he and AI encryption czar David Sacks were Bit supporters even before entering the government. They worked together to push Trump to fulfill his campaign promise, quickly establishing a "Bit Strategic Reserve", officially allowing the United States to hold Bit as a national asset.
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Lutnick shared that he began engaging with Bit in 2017, initially wanting to understand blockchain technology, but discovered that Bit's "scarcity" was its core value.
With a fixed total of 21 million Bits, which cannot be tampered with, this rarity is like digital gold. By 2020, he even led his company to fully invest in the Bit market, from research and analysis to actual ownership.
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Beyond policy support, Lutnick also announced the Commerce Department's "Investment Accelerator" program. If businesses are willing to invest over $1 billion in the United States, the government will provide "white glove services" to help resolve various administrative procedures.
He exemplified that Bit miners in the future can build their own small power plants next to natural gas fields in the United States, "generating their own electricity and mining", controlling energy costs from the source and truly achieving energy independence.
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Lutnick believes Bit should be managed as a commodity, not as currency. He said: "Like gold and oil, Bit is limited in quantity and can be freely traded and should enjoy the same freedom and legitimacy."
He also mentioned that during the Biden administration, Bitcoin was often viewed as a problematic and suspicious asset, but he believes these misconceptions are now in the past, and the United States will increasingly embrace Bitcoin positively in the future.
Whether to include Bitcoin in GDP and trade data is being studied by the Department of Commerce
The host asked if the United States would formally include Bitcoin in national economic statistics like gold.
Lutnick stated this is a "very good proposal" and has already requested the Bureau of Economic Analysis (BEA) to begin research, with the possibility of formally including Bitcoin holdings and transaction volumes in official data in the future.
Details about the amount of Bitcoin held by the United States have not yet been disclosed
Regarding external concerns about how many Bitcoins the U.S. government currently holds and who manages the Bitcoin strategic reserve, Lutnick said he cannot disclose details for now and must wait for an official White House announcement.
The Trump administration will first address global trade before expanding the Bitcoin landscape
Finally, Lutnick pointed out that Trump's current primary goal is to reset global trade rules to restore the United States to a fair competitive position. The target is to complete major trade negotiations within 90 days. Subsequently, Trump is also actively promoting peace processes internationally.
After these major tasks are completed, the Trump administration will refocus on Bitcoin promotion, continuing to consolidate the United States' position as a Bitcoin-friendly country.
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