President Donald Trump’s recent executive order establishing a government-run sovereign wealth fund could have significant implications for Bitcoin and the broader crypto market. The move aligns with Trump’s campaign promise to leverage digital assets as part of the country’s economic strategy.
While the executive order does not explicitly mention cryptocurrencies, it aims to promote fiscal sustainability, reduce tax burdens, and enhance US economic influence globally. The fund’s potential to invest in a range of liquid assets and domestic resources suggests a shift in how the US manages its financial assets, potentially opening the door for Bitcoin and other digital currencies.
Norway’s sovereign wealth fund, the world’s largest, serves as a model for integrating Bitcoin exposure into institutional investment strategies. The fund’s indirect Bitcoin exposure rose by 153% in 2024, reflecting growing acceptance of the cryptocurrency among major players.
As the Trump administration develops its strategy for the sovereign wealth fund, the role of the newly appointed White House Crypto Czar will be closely watched. The potential inclusion of Bitcoin and other digital assets in the fund could mark a transformative moment for the crypto market.
https://bitcoinist.com/bitcoin-in-the-mix-trumps-executive-order/
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