Howard Lutnick on Bitcoin

Howard Lutnick, in his capacity as U.S. Secretary of Commerce, holds a strongly positive and proactive stance toward Bitcoin, framing it as an asset the United States must welcome and support. He views Bitcoin as a commodity, analogous to gold or oil, rather than a currency, and has indicated a desire for the Bureau of Economic Affairs to potentially incorporate it into economic calculations like GDP. His position is characterized by an effort to make the U.S. the prime destination for the industry, directly contrasting what he describes as the previous administration's hostile treatment of the sector. He stresses that the U.S. is a "Bitcoin country from here on out" and will not reverse its embrace of the asset.

This advocacy translates into concrete policy goals aimed at turbocharging domestic Bitcoin mining operations. He highlighted a Commerce Department investment accelerator launched in March 2025, designed to help firms secure necessary permits and facilitate projects, such as enabling miners to build dedicated power plants alongside their data centers, often utilizing waste gas. Furthermore, Lutnick has publicly stated that the President plans to unveil a significant "Bitcoin strategic reserve strategy" at a White House Crypto Summit, signaling a high-level governmental endorsement and positioning Bitcoin uniquely against other digital assets. The family investment firm, Cantor Fitzgerald, has also reportedly deepened investments in a Bitcoin fund, supporting the asset class financially.