Howard Lutnick Declares Bitcoin ’America’s Digital Gold’ in Trump Era
Cantor Fitzgerald CEO drops bombshell endorsement—crypto just got its Wall Street seal of approval.
Move over, Fort Knox. Lutnick’s proclamation signals a seismic shift in how institutional players view Bitcoin—not as speculative tech, but as the new bedrock asset. ’Gold 2.0’ narratives gain steam as inflation hedges go digital.
Behind the hype? A thinly veiled dig at legacy finance: ’Unlike your banker’s 9-to-5 custody window, Bitcoin never clocks out.’ Ouch.
‘Investment Accelerator’
One of Lutnick’s main initiatives is the new ‘Investment Accelerator’ at the Commerce Department, designed to help billion-dollar-plus investments navigate regulations and permitting.
He said Bitcoin mining is a key focus. Under the program, Bitcoin miners will be able to build private power plants alongside their facilities, reducing reliance on public grids and enabling cheaper, off-grid energy sources like hydroelectric power or Flare gas capture.
“You’re going to see miners putting data centers right on top of gas fields,” Lutnick said. “This will turbocharge Bitcoin mining in America.”
He resisted concerns that a heavy concentration of Bitcoin mining in the U.S. could threaten the network’s decentralized nature.
“America is the most extraordinary business place on Earth,” Lutnick said (edited for clarity). “Figure out how to win in America, and that’s how you get to the highest highs.”
Throughout the conversation, Lutnick painted a vision of Bitcoin’s future as tied directly to American entrepreneurship.
He suggested that a more business-friendly environment, particularly one that welcomes Bitcoin mining and innovation, could lift not only the Bitcoin community but also those feeling left behind by the economy.