Commerce Secretary Howard Lutnick revealed in an interview on Tuesday that President Donald Trump plans to announce a bitcoin strategic reserve later this week. Speaking to independent news outlet The Pavlovic Today, Lutnick stated that the President “definitely thinks there’s a bitcoin strategic reserve” and will unveil plans for it during the White House’s inaugural crypto summit on Friday. JUST IN: ???????? Commerce Secretary says President Trump will unveil a #Bitcoin reserve strategy at the White House Crypto Summit. pic.twitter.com/PiwIMznoag — Bitcoin Magazine (@BitcoinMagazine) March 5, 2025 Lutnick hinted that bitcoin would have a “unique status” compared to other cryptocurrencies under the reserve framework.  “Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he remarked. The Commerce Secretary’s comments align with President Trump’s recent social media posts supporting the creation of a crypto reserve anchored by bitcoin. The President stated the reserve would “elevate this critical industry after years of corrupt attacks by the Biden Administration.” Lutnick’s preview of the announcement propelled bitcoin over $90,000 this week from under $85,000 on Monday. The overall crypto market surged back above $3 trillion ahead of the summit. Friday’s gathering will convene top bitcoin and crypto executives, investors, and […]