In a recent interview with Bitcoin Magazine, US Secretary of Commerce Howard Lutnick made a notable statement: Bitcoin is becoming the 'new gold' of America under President Donald Trump. This is not only a change in political perspective but also a turning point in how the US government views, exploits, and supports the cryptocurrency market.
Bitcoin is ‘liberated’ under Trump
Secretary Lutnick did not hesitate to point out the clear contrast between the two administrations: while Joe Biden's administration was previously cautious, even somewhat skeptical of Bitcoin, under $TRUMP , Bitcoin is seen as a valuable asset equivalent to gold.
“Bitcoin has a limited supply – only 21 million – and that is what gives it lasting value,” Lutnick said.
This perspective not only reflects Lutnick's personal belief – someone who has known about crypto since 2017 and began investing seriously in 2020 – but also reflects the new policy direction of the Trump administration, where Bitcoin is seen as an essential part of the economic strategy.
‘Investment Acceleration’ strategy – a boost for Bitcoin mining in the US
One of the notable initiatives that #Lutnick is promoting is the 'Investment Accelerator' program at the US Department of Commerce. The goal of this initiative is:
Simplifying investment procedures, especially for high-tech sectors such as Bitcoin mining.
Encouraging the development of separate infrastructure for miners to reduce pressure on the national power grid.
Taking advantage of cheap energy sources such as hydroelectric power or gas from oil fields.
The biggest highlight is the model of building data centers right at gas fields – a direction that helps save energy costs and makes use of underutilized surplus resources.
Lutnick believes this is not only an economic solution but also a national strategy to help the US lead the world in Bitcoin mining while attracting high-tech investment.
Debate about decentralization – and the US stance
In response to concerns from the international community about the US gradually becoming the largest Bitcoin mining center, threatening the decentralization that characterizes this network, Lutnick rebutted:
“The US is a great business environment. If miners and investors come to the US, it is because creativity is encouraged and protected here.”
His view is: decentralization does not mean that all activities must be evenly distributed across the world map. Rather, it is about anyone, anywhere, being able to participate freely if they have the capability.
A positive message for the community and the US economy
Not only viewing Bitcoin as an asset, Lutnick also emphasizes the potential of the Bitcoin mining industry to expand economic opportunities for underdeveloped communities, where local resources like gas, flowing water, or cheap land can be used to establish data centers.
“If developed correctly, Bitcoin mining can help those who are left behind in the economy,” Lutnick said.
The message he conveyed is very clear: The administration #TRUMP will not view Bitcoin as a threat, but as an opportunity – in technology, finance, and society.
Impact on the crypto community and Binance users
For the cryptocurrency community, especially investors using platforms like Binance, this is a positive signal: the US – one of the countries with the greatest economic influence – is becoming more open to Bitcoin, thus creating a favorable environment for the entire global crypto market.
In the short term, investors can expect:
Increased investment capital into mining infrastructure in the US.
Clearer legal framework with specific policy directions from the US government.
Stability in regulations helps exchanges and users feel more secure when trading or storing crypto assets.
Conclusion
The US Secretary of Commerce's declaration that Bitcoin is the 'new gold' is not just symbolic. It reflects a comprehensive strategic change in how the US shapes the future of cryptocurrency. From tightening, suspicion… to opening up, supporting, and investing – the Trump administration shows that the US does not want to stand outside this technology wave but wants to be the leading country.
Risk warning: The cryptocurrency market is always subject to strong volatility and high risks. This article should not be considered investment advice. Please research carefully and consider before participating in the crypto market.