After President Trump’s Announcement of the American Sovereign Wealth Fund: Is There a Possibility of Including Bitcoin?
Trump Announces U.S. Sovereign Wealth Fund: Is There a Chance for Bitcoin Inclusion?
President Trump announces U.S. sovereign wealth fund: Is there a chance for Bitcoin to be included?
Trump signed the executive order in the presence of Treasury Secretary Scott Bissent and Commerce Secretary Howard Lutnick, both known for their support of cryptocurrencies.
Bissent indicated that the fund will be established within 12 months and will include a mix of liquid and strategic assets.
Lutnick’s remarks, which hinted at the possibility of using the fund to invest in strategic assets like TikTok, sparked speculation about the potential inclusion of Bitcoin in its investments.
Senator Cynthia Lummis supported this hypothesis, pointing out that the fund could benefit from the Bitcoin reserves already held by the U.S. government, which exceed 207,000 BTC valued at over $20 billion.
Following the announcement, speculation about Bitcoin’s inclusion in this sovereign fund increased, pushing Bitcoin’s price above $100,000 to reach $102,000, also following the suspension of tariff duties, but the price retreated again to around $99,000.
Some altcoins also recorded notable gains, while Ethereum’s performance remained lackluster, failing to exceed $3,000.
