
Trump's admin hints at treating Bitcoin like gold, with potential GDP and trade balance implications under review.
Polymarket gives 6% odds Trump announces Bitcoin reserve by day 100โspeculation grows around a historic financial shift.
As President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President marks his first 100 days back in office with a rally hosted by Securing American Greatness, excitement is growing around whether he will take a historic step by officially adding Bitcoin to the United Statesโ financial reserves. According to prediction market Polymarket, there is currently a 6% chance that Trump will announce a Bitcoin reserve before the 100-day milestone ends tomorrow.
This speculation follows recent comments from U.S. Secretary of Commerce Howard Lutnick, who appeared on Bitcoin Magazine to discuss the administrationโs evolving stance on digital assets. Lutnick opened up about a strong shift away from the previous administrationโs restrictive approach to cryptocurrency, saying, โUnder Biden, it was treated like you were doing something wrongโฆ Thatโs over now.โ
Treating Bitcoin Like Gold
Lutnick said that the Trump administration sees Bitcoin not as a currency, but as a commodity, similar to gold or oil. โThereโs only so much of it,โ he explained. โBitcoin is like gold to meโฆ It should be treated like a commodity.โ
He added that once the U.S. formally accepts Bitcoin as a commodity, it could open the door for widespread use, including buying, selling, and holding it as an asset, just like gold. โNo one stops someone from selling oil or gold,โ he said. โBitcoin should be the same.โ
Potential Role in Trade and GDP
Lutnick also revealed that the Bureau of Economic Analysis is exploring the idea of treating Bitcoin similarly to gold in economic statistics, such as trade balances and GDP. While he didnโt confirm any official plans, he said it’s “a good idea” that is under consideration.
The Commerce Secretary emphasized the importance of making government data more transparent, hinting that new classifications could emerge to help Americans understand how Bitcoin fits into national economic metrics.
Strategic Bitcoin Reserve?
Although Lutnick didnโt confirm whether the U.S. already holds Bitcoin in a strategic reserve, he did mention that discussions are ongoing. โWhen the administration wants to come out with those answers, we will,โ he said, but declined to provide details on holdings or key management.
He reiterated that Bitcoin remains on the administrationโs agenda and praised Trumpโs commitment to supporting the crypto community. โTrump promised to support Bitcoin, and heโs delivered,โ Lutnick stated. โAfter tackling trade and global peace efforts, Bitcoin will definitely be back on the agenda.โ
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.