Trump Administration Backs Bitcoin as “Strategic Reserve,” Says Commerce Secretary

President Donald Trump's first hundred days back in office have reshaped federal crypto policy, firmly embracing Bitcoin as a strategic U.S. asset.

President Donald Trump's first hundred days back in office have seen an interesting shift in federal crypto policy, with the administration rolling out a strategic asset in Bitcoin.

This week, Commerce Secretary Howard Lutnick spoke about the Trump administration's view of Bitcoin as "gold" and how it now enjoys full federal backing.

In a recent conversation with Bitcoin Magazine's Frank Corva, Lutnick elaborated on how the administration isn't engaging in risky gambles but rather is making core pillars of America's trade, energy, and investment strategies.

"The Biden Era of Fear is Over"

Reflecting on past leadership, Lutnick criticized the previous administration's stance on BTC. "Talking about Bitcoin felt like a crime in the Biden era. But that fear is over, and it's not coming back."

He described President Trump as "the number one pro-BTC voice in government," alongside himself and Crypto Czar David Sacks. Together, they moved quickly after inauguration, setting up a federal strategic reserve within weeks—a speed Lutnick called "the most impressive thing you’ve ever seen in government."

While Lutnick wouldn't disclose how much BTC the government is accumulating or the specifics of its custody arrangements, he highlighted the inherent scarcity of Bitcoin, contrasting it with fiat currencies that can be easily diluted.

"There’s only so much of it—21 million. You can’t dilute it, you can’t fix the software. That scarcity defines its value."

He further noted that once America officially adopts an asset, it never pulls back. According to Lutnick, BTC now has that official adoption—and the future holds promise for more Bitcoin-backed initiatives.