The post Big News: Lutnick Confirms Bitcoin Strategic Reserve Execution on March 7, BTC Soars Above $90k appeared first on Coinpedia Fintech News
Bitcoin’s price has recently surged, climbing back above the $90,000 mark. The cryptocurrency has gained more than 8% in the last 24 hours and is eyeing higher levels. President Donald Trump is set to announce a major shift in cryptocurrency policy this week, including plans for a Bitcoin strategic reserve. This move, confirmed by Commerce Secretary Howard Lutnick, is part of a broader strategy to regulate and position the U.S. as a global leader in digital assets.
In an interview with The Pavlovic Today, Lutnick said, “The President definitely thinks that there’s a Bitcoin strategic reserve. A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday. So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.”
This announcement comes after Trump outlined his stance on a U.S. crypto reserve in a post on Truth Social. The White House Crypto Summit, scheduled for Friday, will be a key event in the administration’s efforts to create regulatory clarity and promote financial innovation within the cryptocurrency space.
This summit follows Executive Order 14178, signed during Trump’s first week in office, which committed his administration to the responsible growth and use of digital assets. The summit will bring together key figures from the crypto industry to discuss the future of regulation and economic opportunities in the digital asset space.