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In a recent interview, U.S. Commerce Secretary Howard Lutnick elaborated on the government’s proactive stance towards Bitcoin, indicating a shift in strategic support aimed at fostering growth in this burgeoning sector. Lutnick emphasized that Bitcoin should not merely be perceived as a form of currency but rather as a valuable commodity, akin to gold or oil. How Will the U.S. Assist Bitcoin Miners?Why is Bitcoin Viewed as a Commodity? How Will the U.S. Assist Bitcoin Miners? The U.S. Department of Commerce is set to streamline project permitting and regulatory frameworks for companies engaging with the investment acceleration initiative, which commenced in March 2025. This program is designed to aid businesses in launching fresh projects within the country, allowing them to position operations closer to local energy sources. Why is Bitcoin Viewed as a Commodity? Lutnick’s assertion that Bitcoin should be treated similarly to commodities like gold opens the door to potential adjustments in how Bitcoin’s value is calculated within the broader economic landscape. This perspective could lead to innovative methodologies for including Bitcoin in economic assessments. Howard Lutnick: “Bitcoin is a commodity and should be treated as such, akin to gold and oil.” This viewpoint suggests a shift in economic calculations to accommodate Bitcoin in ways previously reserved for precious metals. Lutnick highlighted that the current administration offers unwavering support for Bitcoin, contrasting with prior regulatory constraints and signaling a desire to nurture sectoral growth. Furthermore, Lutnick mentioned that the investment accelerator will empower Bitcoin miners to establish their own energy facilities, leveraging local resources such as waste gas and moving beyond traditional energy grids. This strategy is anticipated to enhance operational efficiency within the sector. Howard Lutnick: “In America, miners will be able to determine their own fate and control energy costs.” The implications of these U.S. government policies…

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Filed under: News - @ April 29, 2025 4:15 am