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U.S. Secretary of Commerce: Once the major issues are resolved, it will be Bitcoin's turn.
U.S. Secretary of Commerce Howard Lutnick said that they will first focus on big issues such as making global trade fair and 'bringing peace to the world', and once this process is completed, Bitcoin will be moved to the top of the agenda.
U.S. Secretary of Commerce Howard Lutnick stated that after addressing major issues such as global trade and "bringing peace to the world," Bitcoin will come to the forefront more.
In an interview with Bitcoin Magazine, Lutnick said, "Right now, the president's priority is to make global trade fairer. He stated that we will achieve significant developments within 90 days. So, this is the topic for the next few months. After that, there are efforts to bring peace to the world. It is truly extraordinary to work with a leader who is trying to reorganize global trade and establish peace. Once these major issues are resolved, we will return to Bitcoin. We have already fulfilled the president's promise to create a strategic reserve for Bitcoin, but these are the two biggest topics on the agenda right now. After we finish these steps, we can talk more about Bitcoin."
"We are still in an early stage"
Lutnick also stated in the same interview that we are still in an early stage with Bitcoin. The U.S. secretary expressed that he became familiar with Bitcoin in 2017, made some small purchases afterward, and then increased the amount. Lutnick said, "At that time, it was an early period, but I think we are all still in the early stage when it comes to Bitcoin."
"Bitcoin mining will experience an explosion"
The minister also stated that they have made various regulations regarding Bitcoin mining. "If you find the right place, you can now build your own power plant next to your data center. This way, you are not connected to the grid and are not subjected to complaints about energy usage," said Lutnick, suggesting that Bitcoin mining in the U.S. will accelerate and even experience an explosion.
"Those times are behind us"
Finally, Lutnick stated that during the Biden administration, acquiring or mining Bitcoin was treated like doing something illegal, emphasizing that that era is behind us, "The U.S. does not go back and say 'we changed our mind' after adopting something. We closed that chapter. We are now in a positive period, and Bitcoin will become increasingly widespread."