Bitcoin should be treated as a commodity, like gold Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
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Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.
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The result of May 1s Federal Reserve minutes, Bitcoin miners robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.
Bitcoin’s price is facing the possibility of dropping to a new low of around $7,100 if the current tariff war and stock market instability persist. The cryptocurrency market is closely watching these external factors, which have been contributing to the recent volatility in Bitcoin’s price. The ongoing trade disputes between major economies, particularly the United [...]
The post Bitcoin Price Could Plummet to $71K as Tariff War and Stock Market Turmoil Persist appeared first on Crypto Breaking News.
Bitcoin is proving to be a reliable store of value amidst the current political turmoil caused by the policies of the Trump administration. The cryptocurrency has remained stable and resilient, showcasing its potential as a safe haven asset during uncertain times. With traditional markets experiencing volatility due to various external factors, Bitcoin has emerged as [...]
The post Bitcoin Thrives as a Store of Value Amid Trump Policy Turmoil: NYDIG appeared first on Crypto Breaking News.
The recent surge in Bitcoin’s price to $88.5K has left bears in the dust as spot volumes reach new highs. Despite concerns about a potential tariff war dampening the party, the cryptocurrency market remains resilient. Bitcoin’s impressive rally has defied expectations and surpassed many analysts’ predictions. The surge in spot volumes indicates strong demand among [...]
The post Bitcoin Surges to $88.5K, Crushing Bearish Sentiment as Trading Volumes Skyrocket – Could a Tariff Conflict Spoil the Celebration? appeared first on Crypto Breaking News.
The recent commotion surrounding tariffs has led to a staggering $1 billion in liquidations on CoinGlass, a popular digital asset exchange. This unprecedented event has sent shockwaves through the cryptocurrency community, causing significant losses for traders and investors alike. The turmoil began when news broke of increased tariffs on certain goods, resulting in a sharp [...]
The post Tariff Turmoil Triggers $1 Billion in Liquidations at CoinGlass appeared first on Crypto Breaking News.
As the US Securities and Exchange Commission (SEC) introduces new regulations, there is speculation about how they will impact cryptocurrency companies. Will these rules encourage companies to establish themselves onshore and comply with regulatory requirements? The SEC’s goal is to provide clarity and investor protection in the crypto space. By imposing rules on initial coin [...]
The post Can New SEC Regulations Drive Crypto Companies to US Soil? appeared first on Crypto Breaking News.
US reserves status quo: Gold, oil and the emerging role of Bitcoin
The US government has long relied on gold and oil as reserve assets, but with the growing institutional adoption of Bitcoin (BTC), its potential role as a strategic reserve has increased substantially. This possibility and potential of the Bitcoin strategic reserve have seen a major tailwind as the new administration took charge in the US in January 2025.
While gold has historically backed monetary systems and oil remains a key economic and security asset, Bitcoin represents a new kind of digital reserve that challenges traditional financial paradigms.
The United States holds substantial reserves in gold and oil, but its Bitcoin holdings are comparatively small and primarily acquired through asset seizures. As of the third quarter of 2024, the US holds approximately 8,133.46 metric tons of gold, valued at around $789. 87 billion (on March 8, 2025), making it the largest sovereign holder of gold reserves.
These reserves have historically been used as a hedge against economic uncertainty and to back the dollar before the gold standard was abandoned in 1971.
In the case of oil, the US maintains a Strategic Petroleum Reserve (SPR), which, as of August 2024, holds around 372 million barrels. The SPR was established in the 1970s in response to the oil crisis and is valued at approximately $28 billion at current market prices. These reserves manage supply disruptions, control inflationary pressures, and stabilize energy markets during geopolitical crises.
Bitcoin, unlike gold and oil, is not an official reserve asset, but the US government possesses a significant amount through confiscations. Estimates suggest the government controls roughly 200,000 BTC, worth around $15.90 billion at a Bitcoin price of $79,515 (as of March 10).
However, unlike gold and oil, these holdings are not stored as strategic reserves but rather as assets pending auction or liquidation by the Department of Justice and the US Marshals Service.
Liquidity and market dynamics of gold, oil and Bitcoin
Gold, oil and Bitcoin each exhibit unique liquidity and market dynamics, with gold being the stablest, oil driven by geopolitical factors and Bitcoin characterized by high volatility and 24/7 accessibility.
The depth of liquidity of an asset in a market is an extremely important indicator of the asset’s health. Typically, the higher the liquidity, the better the options investors have around pricing and risk management.
Let’s understand how gold, oil and Bitcoin differ from each other in terms of liquidity and market dynamics:
Storage and security concerns are crucial for any reserve asset, with each asset presenting unique challenges and costs.
Gold, oil and Bitcoin each play strategic roles in global economics, with gold as a hedge, oil influencing geopolitical stability, and Bitcoin emerging as a decentralized asset for inflation protection.
All of these assets have gained strategic and macroeconomic significance over time. Their narrative with relevance to the broader capital markets is perhaps what is needed to drive investors’ interest.
As institutional adoption grows, Bitcoin’s strategic value as a hedge against inflation and government debt is increasingly recognized.
The future of US government’s Bitcoin policy
Policy moves suggest that the establishment of a strategic Bitcoin reserve could position it alongside traditional assets like gold and oil in the future.
In January 2025, President Donald Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology,” establishing the Presidential Working Group on Digital Asset Markets to explore the creation of a national digital asset stockpile.
Building upon this initiative, on March 7, President Trump signed another executive order to create a “Strategic Bitcoin Reserve” and a “US Digital Asset Stockpile,” aiming to position the US as a leader in the cryptocurrency space. These reserves will be funded exclusively through cryptocurrencies seized during law enforcement operations, ensuring no taxpayer funds are utilized.
However, the reserve will be funded using cryptocurrencies already held by the government, primarily obtained through asset forfeitures rather than through new government purchases.
This strategy has had mixed reactions. While some view it as a positive step toward embracing digital assets, others express concern over the lack of new investments and the potential implications of using forfeited assets. As of March 10, 2025, Bitcoin’s value declined by more than 5% to approximately $79,515, reflecting market disappointment over the reserve’s funding approach.
Looking ahead, the US government’s Bitcoin policy is likely to continue evolving. The Presidential Working Group is expected to provide recommendations by July 2025, which could influence future regulatory frameworks, investment strategies and the integration of digital assets into the broader financial system.
As global interest in cryptocurrencies grows, the US may further refine its policies to balance innovation with security and economic stability alongside traditional assets such as gold and oil, which remain integral to the nation’s financial strategy.
Energy Web CEO Jesse Morris explains why blockchain can make “going green” more efficient, how fighting climate change is easier and why they are building on Polkadot.
Polygon (MATIC/USD) price continued its downward trend as investors react to the latest disappointment in the blockchain industry. MATIC pulled back to a low of $1.03, the lowest level since March 11. It has dropped by over 15% from the highest level this month. Disney and Meta blockchain plans Polygon, the biggest layer-2 blockchain network …
<p>The post Polygon price recoils as Disney abandons the metaverse first appeared on CCNC | Cryptocurrency Newscast.</p>
DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed
Global investment bank JPMorgan has presented four probable global outlook scenarios, with “boil the frog” recession emerging as the most likely outcome. The bank’s economists warned: “Broad-based developed-market tightening points to a more synchronized global downturn sometime in 2024.” JPMorgan’s Global Outlook and ‘Boil the Frog’ Recession Global investment bank JPMorgan has provided an overview [...]
The post JPMorgan Outlines 4 Global Outlook Scenarios — Warns of ‘Boil the Frog’ Recession as Global Downturn Looms appeared first on Crypto Breaking News.
After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting the Russian oil price cap from $60 to [...]
The post Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’ appeared first on Crypto Breaking News.
Saudi Aramco, the world's largest oil and gas company, has announced a partnership with blockchain technology company droppGroup to explore and co-develop a range of Web3 technologies. The collaboration aims to enhance the efficiency of Aramco's operations, improve employee experience, and create a more engaging and rewarding work environment. With the use of Web3 applications, including tokenized networks and incentives systems, the partnership is poised to transform the oil and gas industry.
<p>The post Saudi Aramco partners with droppGroup to explore Web3 technology first appeared on CCNC.</p>
Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1.
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to stop the further dwindling of the
The post Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation appeared first on BTC Ethereum Crypto Currency Blog.
Art Gobbler NFTs have started producing GOO, which can be used to generate new Gobbler NFTsor produce even more GOO. Over time, this monetary system is highly likely to favor...
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies.
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