YEREVAN (CoinChapter.com) — On Feb. 3, President Donald Trump signed an executive order to begin the process of creating a US sovereign wealth fund. The fund aims to manage and distribute national assets for American citizens.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will oversee the initiative.
“We’re going to create a lot of wealth for the fund,”
Trump said at the White House event, adding,
“And I think it’s about time that this country had a sovereign wealth fund.”
According to Bessent, the fund will include liquid assets and national resources. It is expected to be set up within the next 12 months, as reported by NBC.
Trump moves to develop sovereign wealth fund to ‘create value for American citizens. Source: NBCCould the Sovereign Wealth Fund Hold Bitcoin?
Commerce Secretary Howard Lutnick suggested that the sovereign wealth fund could be used for strategic investments, including a possible takeover of TikTok. The fund could also allow the US government to acquire stakes in major companies.
“The extraordinary size and scale of the U.S. government and the business it does with companies … should create value for American citizens,”
Lutnick said.
Other countries, such as Norway, China, Saudi Arabia, Australia, Iran, and Russia, manage sovereign wealth funds worth billions.
Wyoming Senator Cynthia Lummis hinted that the fund could hold Bitcoin. However, if Bitcoin is included, it may come from existing government reserves rather than new purchases.
Trump Signs SovereignWealth Fund Order. Source: Senator Cynthia LummisUS Government Holds Over 207,000 BTC
The US government already controls a significant Bitcoin reserve from past seizures and forfeitures. A FBI-controlled address linked to Silk Road seizures still holds 69,370 BTC, valued at around $6.8 billion, according to Blockchain.com.
The total US Bitcoin holdings exceed 207,000 BTC, worth more than $20 billion, according to BiTBO.
US Government Bitcoin Holdings. Source: Bitbo DataIf the sovereign wealth fund includes Bitcoin, it could be sourced from these existing reserves, rather than direct market purchases.
Bitcoin Price Hits $102,000 Before Dropping to $98,000
Following the announcement, Bitcoin briefly surged to $102,000 before dropping to $98,000. The price movement came after the suspension of Trump-era tariffs, which had impacted market sentiment.
Bitcoin Price Chart $98K. Source: TradingViewOther cryptocurrencies, particularly those linked to AI and real-world asset tokenization, also saw gains. However, Ethereum remained below $3,000, despite being backed by Eric Trump.
The sovereign wealth fund remains in early planning stages. Whether Bitcoin will be part of it is still unknown.
US Sovereign Fund Bitcoin Speculation. Source: Wayne VaughanThe post Trump Approves US Sovereign Wealth Fund—Will It Include Bitcoin? appeared first on Coinchapter.
