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CoinGape 2025-02-04 01:50:12

Donald Trump’s Sovereign Wealth Fund: Will Bitcoin & Ethereum Be Included?

The U.S. government is taking a new approach to financial management with the creation of a Sovereign Wealth Fund. President Donald Trump signed an executive order over the weekend to establish the fund, aiming to strengthen the country’s long-term economic stability. The announcement has sparked discussions about whether Bitcoin and Ethereum could be included in the fund’s assets. Sovereign Wealth Fund Established Amid Economic Strategy Shifts The executive order signed by President Trump marks a strategic move to build a Sovereign Wealth Fund for the United States. White House Press Secretary Karoline Leavitt confirmed the decision, stating that the fund is expected to play a key role in national financial planning. The announcement comes at a time when global markets face uncertainty due to trade discussions between the U.S., Mexico, and Canada. The fund’s purpose and structure have not been fully disclosed, but it is expected to manage various assets. Some financial analysts suggest that alternative investments, including digital assets like Bitcoin and Ethereum, could be considered to diversify holdings. This comes as the cryptocurrency market shows signs of recovery, with Bitcoin price surpassing $101,000 and Ethereum price trading near $2,849. Senator Cynthia Lummis Pushes for a Bitcoin Reserve Senator Cynthia Lummis, an advocate for cryptocurrency, has reiterated her support for integrating Bitcoin into government reserves. Over the weekend, she discussed the progress of a proposed bill that would allow the U.S. government to accumulate 1 million Bitcoin over five years. The bill suggests holding the assets for at least 20 years as a long-term strategy. “This is a big deal,” Lummis said in reaction to the Sovereign Wealth Fund news, emphasizing the potential role of Bitcoin in the country’s financial system. Concurrently, Bitwise senior investment strategist Juan Leon also commented on the possibility of Bitcoin being included in the fund. He stated that the government could add Bitcoin to the Sovereign Wealth Fund while accumulating more BTC for a separate strategic reserve. Could Bitcoin and Ethereum Be Part of the Sovereign Wealth Fund? As the Sovereign Wealth Fund takes shape, discussions continue about what assets will be included. Some financial experts believe that Bitcoin and Ethereum could be considered due to their rising acceptance as store-of-value assets. The recent push from Senator Lummis for a Bitcoin reserve suggests growing interest in incorporating cryptocurrency into national financial strategies. Eric Trump recently expressed optimism about Ethereum, stating on social media that it could be a good time to invest. His comments come as Ethereum shows steady performance, following Bitcoin’s surge. If the government decides to include digital assets in the Sovereign Wealth Fund, it could signal a shift in how the U.S. approaches cryptocurrency at a national level. Cryptocurrency Market Recovers Amid Optimism Financial markets have reacted to recent events, with global stocks declining while the cryptocurrency sector remains strong. The rise of Bitcoin above $101,000 and Ethereum’s steady surge indicate growing investor confidence in digital assets. Some market analysts believe that government interest in Bitcoin and Ethereum could further drive adoption. Meanwhile, the United States, Mexico, and Canada have reached an agreement to delay new tariffs on goods for one month which has restored optimism. The decision came after a discussion between President Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Justin Trudeau. While traditional markets have shown uncertainty, the cryptocurrency sector appears to be experiencing renewed momentum. Subsequently, the XRP price soared over 17% to trade at $2.73, Shiba Inu price jumped 13% to $0.00001667, Dogecoin too soared over 15% to $0.28 and MANTRA price led the top gainers in the last 24 hours after skyrocketing over 27% followed by Onyxcoin (XCN) 25% rally from its intra-day low. The post Donald Trump’s Sovereign Wealth Fund: Will Bitcoin & Ethereum Be Included? appeared first on CoinGape .

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