Trump Orders U.S. Sovereign Wealth Fund: Bitcoin on the Horizon

President Trump Orders Creation Of Sovereign Wealth Fund — Could A Bitcoin...

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U.S. President Donald Trump signed an executive order Monday directing the Treasury and Commerce Departments to create a sovereign wealth fund — and industry proponents are already suggesting that the action could lead to the government buying the world’s largest and oldest cryptocurrency.

Trump’s Executive Order For Sovereign Fund

In a Feb. 3press eventin the Oval Office, President Trump signed an executive order directing Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick to kick off a process that will“hopefully result in the creation of an American sovereign wealth fund.”

Appearing alongside Trump, Bessent said the sovereign fund could be created“within the next 12 months”and“monetize the asset side of the US balance sheet.”

While Bitcoin was not mentioned at the signing, a sovereign wealth fund could signal that the United States is taking significant steps toward investing directly in the premier crypto.

Senator Cynthia Lummis, an outspoken Bitcoin supporter, referenced Bitcoin when commenting on the EO news.“This is a ₿ig deal,”shesaidin an X post, noticeably using the Bitcoin “₿” symbol and sending crypto enthusiasts into a frenzy.

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