Bitcoin It is not a currency, but a commodity, according to the American secretary of trade, Howard Lunick. In an interview with Bitcoin Magazine, he compared digital currency with oil and gold and recommended free trade without restrictions.
Bitcoin as an official economic factor
According to Lunick, Bitcoin should be included in American economic relationships as well as gold. It refers to statistics of Economic analysis office (BEA), which is now mainly concentrated in traditional markets and raw materials.
If Bitcoin is included in these figures, it will occupy an official place in the gross domestic product (GDP) and the trade balance of the United States. It would be a giant step, which would certainly recognize Bitcoin as a serious economic factor.
Lutnick’s statements do not arise from anything. On March 31, the Ministry of Commerce launched an investment program to support Bitcoin companies. He plans to help regulations, licenses and infrastructure.
More specifically, the plan focuses on bitcoin minors. They could be helped to create their own energy installations, for example in gas deposits. This will make them less dependent on the existing electricity network and will reduce operating costs.
Trump’s government is engaged in cryptocurrencies
The minister also clearly referred to the position of the United States government. Under the leadership of President Donald Trump, he said that Bitcoin policy is decidedly positive.
He referred to himself, to President Trump and to David Sacks, the “Tsar of artificial intelligence and the cryptocurrencies” of the White House, like the defenders of Bitcoin within the government. According to Lunick, the support of the US government with Bitcoin is irreversible.
“Bitcoin is not a room, it is a commodity. It must be treated like gold and oil. No one should prevent anyone from selling bitcoin to anyone, just like gold. Lutnick declares in the interview.
With these statements, the American government is growing more and more bitcoin towards the category of traditional raw materials. Not as a means of payment, but as a value deposit, similar to gold.
It remains to be seen if it also leads to political changes. But this bitcoin has a permanent place in the economic vision of the United States now seems more and more likely.
Before, you could read Bitcoin news That the White House is preparing to get ahead of China in the “Bitcoin race”.
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