The New Era of Bitcoin: From 'Exotic Asset' to Mainstream Commodity?

In a groundbreaking statement, U.S. Secretary of Commerce Howard Lutnick asserted that America has entered a new phase of positive development, where Bitcoin is no longer a controversial topic but is gradually becoming a normal part of every financial discussion.

According to Lutnick, Bitcoin should be viewed as a commodity, similar to gold or oil, rather than a currency or stock. The main reason? Bitcoin has a limited supply, a common characteristic with gold – an asset that humanity has trusted for centuries as a store of value.

Going further, Lutnick argues that trading Bitcoin through electronic platforms or exchanges does not turn it into a type of security – but is simply akin to trading gold or oil on commodity exchanges. This perspective could pave the way for a clearer legal framework, helping Bitcoin escape the legal gray area it has faced in the U.S. for many years.

If Secretary Lutnick's viewpoint is realized, it would be a significant step forward for the cryptocurrency market, especially in the long term. When Bitcoin is treated as a legitimate commodity, traditional financial institutions, long-term investors, and pension funds will have a solid legal basis to participate, contributing to increased liquidity, reduced volatility, and fostering the maturation of the entire crypto market.

Cryptocurrency is a market full of potential but also fraught with risks. Investors should have a long-term strategy while closely monitoring significant policy changes and legal trends worldwide.