How Donald Trump And Bitcoin Will Save The US Economy

The billionaire chief executive of Cantor Fitzgerald, H. Lutnick claimed Trump as being the best candidate for rich America. Howard Lutnick said Trump’s “America First” policy is good as it encouraged economic growth… He saw Trump’s tariffs approach as a necessity for America’s prosperity economics. For Lutnick, Bitcoin is more an asset like gold or oil, which is consistent with Trump’s vision for an America where each produces its energy.

The billionaire chief executive of Cantor Fitzgerald, Howard Lutnick, called Donald Trump the best candidate for the president for the rich America. Heolithic that one of the good things that a former president possesses is that he supported the American worker and the growth in America, whilst at the same time being a crypto lover and wishing to start implementing tariffs.

Lutnick Praises Donald Trump’s ‘America First’ for Economic Growth

During his recent podcast with Anthony Pompliano- the founder and CEO of Professional Capital Management, Howard Lutnick supported the same assertion stating how the ‘America first policy’ of Trump enabled noticeable achievements such as 3%GDP and wages during the presidency. He said that tariffs safeguarded American employment, and the economy firmed up American manufacturing through Trump.

On the opposite side, Lutnick demonstrated the Democrats’ policies he didn’t agree with. Some of them include the American Rescue Plan which he said provides excessive incentives to the economy and resulted in inflation and further squeezing the middle to the working class. However, the appreciating assets were for the luxury of wealthy individuals.

In Lutnick’s opinion, Trump is the one who should address the American audience as he is the man who will keep the opportunities for gaining money in America and protect American jobs as well.

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Trump’s Tariff Policy Could Boost Jobs and Wealth

Needless to say, according to Lutnick, the tariff policy being imposed by the elusive President of the United States, Donald Trump is the new face of protectionism. America, therefore, has to stay strong economically. The billionaire said that in case the government taxes its people with a considerable amount of money, for instance, up to $400 billion, it should tax the foreign producers from China.

He noted that when there was no income tax as provided for in the 19th century the country could go along with only depending on tariffs. Which made way for the massive public commitment to infrastructure by politicians and such luminaries as Theodore Roosevelt.

This was this nation’s model of building without skinning her people through the generation of surplus. In his opinion, the departure from tariffs after the world wars exposed America to economic subjection. That happened because tariffs were substituted by income taxes to support worldwide reconstruction processes.

The current plan from Lutnick presents Trump’s vision – the continuation of imposing economic nationalism. It does that by using tariffs to make foreign firms enter the American market and pay a premium for the privilege of doing so. It is also bringing back an economic plan that will directly impact manufacturing in America, jobs and of course wealth.

Bitcoin as a Commodity, Not a Currency

Howard Lutnick explained that Americans need to start creating new money with Bitcoin understanding it as a commodity, rather than a currency. He believes this is in tune with Donald Trump’s economic agenda. For Lutnick, Bitcoin is precious metal or oil – there is little of it and it has significant growth potential because it is ‘mined’. Unlike a currency that poses a threat to the dollar, Bitcoin is accepted more in finance as a commodity.

With him would probably agree the CFTC Chair Rostin Benham who also sees Bitcoin as a commodity. He recently called on Congress to act on the regulation of cryptocurrency and election betting.

Lutnick has said that he believes that as more institutions come to accept finance – acceptance will just grow and grow and the value will increase from it. He also believes that Trump’s policies, including tariffs and manufacturing redevelopment, fit well into the DIY or Do-It-Yourself and personal finance ideas. All of this, Bitcoin even furthers, by providing a decentralized asset.

In the past weeks, some of the outlets revealed that introducing President Donald Trump in the 2024 US presidential election may lead to boosting Bitcoin to $92K.

The billionaire believes Trump is ready to innovate and that the idea of voicing protection for an American worker, and Bitcoin being a non-sovereign good, can help make prosperity increase across the entire nation.