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Trump has given the green light for the creation of a US sovereign wealth fund, sparking speculation about whether Bitcoin could play a role in backing the fund. On February 3, President Donald Trump announced plans to establish a national investment vehicle aimed at generating and distributing wealth for American citizens. During a White House event, Trump signed an executive order directing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick—both known for their pro-crypto stances—to initiate the process of forming the fund.
“We’re going to create a lot of wealth for the fund,” Trump stated, emphasizing that it was “about time” the United States had its own sovereign wealth fund. Bessent elaborated that the fund would consist of a mix of liquid assets and other national resources, with the goal of benefiting the American people. He projected that the fund would be operational within the next 12 months.
Could Bitcoin Be Involved?
The fund’s potential uses include acquiring strategic assets, such as a possible takeover of TikTok, as hinted by Lutnick. It could also leverage the US government’s vast purchasing power to invest in companies. While the specifics remain unclear, Wyoming Senator Cynthia Lummis suggested that Bitcoin could be part of the fund’s portfolio. If so, it would likely come from the US government’s existing Bitcoin holdings, which include 69,370 BTC from Silk Road seizures and a total of over 207,000 BTC valued at more than $20 billion.
Market Reaction
Following the announcement, cryptocurrency markets showed signs of recovery. Bitcoin briefly surged to $102,000 before settling around $99,000, while AI and real-world asset tokenization altcoins also saw gains. However, Ethereum struggled to break past $3,000, despite an endorsement from Eric Trump. As the US sovereign wealth fund takes shape, the question remains: Will Bitcoin become a cornerstone of this ambitious initiative?
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