Trump Pushes for Sovereign Wealth Fund, Raising Bitcoin Speculation
President Donald Trump has issued an executive order setting in motion plans for a U.S. sovereign wealth fund, a move that has sparked discussions about its potential involvement with Bitcoin.
The directive, signed on February 3, tasks Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick with developing a strategy to “monetize” government assets over the next year. While no direct mention of cryptocurrency was made, officials floated the idea of acquiring TikTok, the Chinese-owned social media giant currently facing U.S. divestment pressures.
Speculation about Bitcoin’s role in the fund gained traction after Senator Cynthia Lummis hinted at the possibility. Crypto advocate Wayne Vaughan also pointed out that both Bessent and Lutnick have shown interest in Bitcoin, suggesting it could be part of their financial strategy.
READ MORE: Massive Ethereum Transfers Linked to Trump Spark Speculation
Trump’s reliance on executive orders has already triggered legal battles, with a recent attempt to challenge birthright citizenship being blocked in court. His administration’s crypto stance has been clear, with past promises to block a central bank digital currency (CBDC), accumulate Bitcoin reserves, and pardon Silk Road’s Ross Ulbricht.
Market reactions were swift—Bitcoin briefly fell below $100,000 amid concerns over Trump’s proposed tariffs but rebounded above $101,000 following news of the wealth fund initiative. While the fund’s exact structure remains unclear, its potential link to crypto has fueled speculation.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
