As President Donald Trump marks his first 100 days back in office with a rally hosted by Securing American Greatness, speculation is growing around whether he will make a historic move by officially adding Bitcoin to the United States’ 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 comes on the heels of recent comments from U.S. Secretary of Commerce Howard Lutnick, who appeared on Bitcoin Magazine to discuss the administration’s evolving stance on digital assets. Lutnick revealed a significant shift away from the previous administration’s restrictive approach to cryptocurrency, stating, “Under Biden, it was treated like you were doing something wrong… That’s over now.”
Treating Bitcoin Like Gold
Lutnick shared that the Trump administration views Bitcoin not as a currency, but as a commodity, akin to gold or oil. “There’s only so much of it,” he explained. “Bitcoin is like gold to me… It should be treated like a commodity.”
He went on to suggest that once the U.S. formally recognizes Bitcoin as a commodity, it could pave the way for widespread use, including buying, selling, and holding it as an asset, similar to gold. “No one stops someone from selling oil or gold,” he pointed out. “Bitcoin should be treated the same.”
Potential Role in Trade and GDP
Lutnick also disclosed that the Bureau of Economic Analysis is exploring the possibility of treating Bitcoin similarly to gold in economic statistics, such as trade balances and GDP. While no official plans have been confirmed, he indicated that it’s “a good idea” that is being considered.
The Commerce Secretary emphasized the importance of enhancing government data transparency, suggesting that new classifications could be introduced to help Americans understand how Bitcoin fits into national economic metrics.
Strategic Bitcoin Reserve?
While Lutnick did not confirm whether the U.S. currently holds Bitcoin in a strategic reserve, he mentioned that discussions are ongoing. “When the administration is ready to share those details, we will,” he stated, but refrained from disclosing specifics regarding holdings or key management.
He reiterated the administration’s focus on Bitcoin and commended Trump’s commitment to supporting the crypto community. “Trump pledged to back Bitcoin, and he has upheld that promise,” Lutnick affirmed. “After addressing trade and global peace initiatives, Bitcoin will undoubtedly be back on the agenda.”