The first hundred days of President Donald Trump’s return to the White House have produced a string of Bitcoin-centric policy moves

The first hundred days of President Donald Trump’s second term have seen an administration largely indifferent to Bitcoin slowly transform into one actively integrating the asset, culminating in Commerce Secretary Howard Lutnick’s revealing comparison of BTC to “gold” and the claim that it now enjoys unequivocal federal backing.

In a conversation with Bitcoin Magazine’s Frank Corva inside the Executive Office Building, Lutnick sketched an administration that views BTC not as a speculative novelty but rather as a strategic commodity woven into America’s trade, energy and investment agenda.

“You used to feel like you were doing something wrong if you talked about Bitcoin. Like you had to look over your shoulder,” said Lutnick, offering a stinging retrospective on the previous administration’s approach.

Now, he said, that attitude is "in the rear-view mirror and it’ll never come back.” Instead, he has President Trump “the number one pro-Bitcoin voice in government” and “Crypto Czar David Sacks and myself” to thank. Together, he said, the trio “were able to help the President deliver on his promise and deliver that Bitcoin strategic reserve” within mere weeks of inauguration—a speed he called “the most impressive thing you’ve ever seen in government.”

Pressed for details of the federal Bitcoin treasury and the president’s campaign pledges, Lutnick declined to reveal balances or custody architecture, explaining, “When the administration wants to come out with those answers, we’ll come out with them, but unfortunately I’m not at liberty to do that right now.”

What he did offer was a commodity blueprint. Bitcoin, he insisted, is limited in supply: “There’s only so much of it—21 million. Nobody can ‘fix’ the software; nobody can dilute it. That rarity is its value,” said Lutnick. “And once the United States of America embraces something, you’ve never seen the United States of America turn its back on it later.”

That commodity framing is already rippling through the Commerce Department. Lutnick revealed that the Bureau of Economic Analysis is studying whether Bitcoin reserves should appear alongside bullion in the nation’s international investment position and perhaps even influence trade-balance calculations. “I think it’s a really good idea,” he said, before detailing broader statistical reforms designed to separate actual production from “government spending that is not purchasing goods and services.”

The Secretary’s enthusiasm peaked when discussing the new Investment Accelerator, a Commerce-run concierge desk for capital projects above $1 billion.

“If it’s ten billion or more, let’s assign someone for white-glove service—literally a full-time person you can call anytime, all the time,” said Lutnick. “And if you want to mine Bitcoin and you find the right place to do it, you can build your own power plant next to it.”

His vision pairs stranded hydro assets and flare-gas sites with an on-shoring push he believes will “turbocharge Bitcoin mining in America.” Off-grid generation, he argued, neutralizes complaints that miners crowd out household electricity demand while locking in some of the world’s lowest marginal costs.

“You’re going to see data centers on top of gas fields,” he predicted, “so they won’t be beholden to the grid—and that is going to create a boom.”

But what of Bitcoin’s vaunted decentralization? Does clustering hash power on US soil endanger censorship resistance?

Lutnick was blunt: “America is the most extraordinary business place on the earth. What’s the Plan B of America?” he asked, adding that the regulatory clarity now offered would have miners everywhere “nodding their heads in agreement.”

He acknowledged that, for the moment, Bitcoin must share the West Wing’s bandwidth with a sweeping trade-realignment package and an aggressive peace initiative. Yet he stressed that the strategic reserve and the Investment Accelerator already satisfy candidate-Trump’s two explicit crypto promises.

“After he sets those big two agenda items,” said Lutnick, “I think we’ll start to talk a little bit more about Bitcoin.”

Until then, the Secretary’s message remains clear: Bitcoin is gold, America intends to mine it, and federal policy is being rewritten to ensure the mother lode stays onshore.

At press time, BTC traded at $94,350.