Trump Administration Backs Bitcoin as “Strategic Reserve,” Says Commerce Secretary
President Donald Trump’s first hundred days back in office have reshaped federal crypto policy, firmly embracing Bitcoin as a strategic U.S. asset.
Commerce Secretary Howard Lutnick underscored this shift, comparing Bitcoin to “gold” and confirming it now enjoys full federal backing.
In a recent conversation with Bitcoin Magazine’s Frank Corva, Lutnick outlined how the Trump administration sees Bitcoin not as a risky gamble but as a core pillar of America’s trade, energy, and investment strategies.
Lutnick: “The Biden Era of Fear is Over”
Reflecting on past leadership, Lutnick criticized the previous administration’s stance on BTC. “Under Biden, talking about Bitcoin felt like a crime,” he said. “Now, that fear is gone for good.”
He described President Trump as “the number one pro-BTC voice in government,” alongside himself and Crypto Czar David Sacks. Together, they moved quickly after inauguration, establishing a federal strategic reserve within weeks—a speed Lutnick called “the most impressive thing you’ve ever seen in government.”
Bitcoin Positioned as America’s New Digital Gold
While Lutnick declined to reveal how much BTC the government holds or details about its custody arrangements, he stressed Bitcoin’s importance.
“There’s only so much of it—21 million,” Lutnick said. “You can’t dilute it, you can’t fix the software. That scarcity defines its value.”
He emphasized that once America officially embraces an asset, it never reverses course. According to Lutnick, BTC now has that official embrace—and the future looks firmly Bitcoin-backed.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
