US President Donald Trump continues to make new moves. At this point, Trump signed a decree yesterday to establish a new sovereign wealth fund.
Although the details of the fund have not yet been finalized, Trump said in a statement, “It is time for this country to have a sovereign wealth fund. I think we will create one of the largest funds in the world in a short time.”
While Trump has sparked discussions on whether cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) will be included in the sovereign wealth fund with this move, it came from US Senator Cynthia Lummis, one of the names close to Trump.
Lummis, who gave a hint that a decree regarding cryptocurrencies would be issued before Trump's official statement, this time made a similar post about the wealth fund.
While it is unclear whether Bitcoin and cryptocurrencies will be included, Lummis hinted that the US sovereign wealth fund could be used to purchase BTC.
Lummis used the Bitcoin symbol instead of the letter B in his post on his X account and said, “This is a big ₿ deal.”
This post by Lummis was interpreted as Bitcoin being included in the wealth fund.
At this point, some experts reminded that the USA has approximately 200 thousand Bitcoins and stated that the Trump administration may aim to create one of the largest state funds in the world by using these Bitcoins.
This is a ₿ig deal. https://t.co/ZShfQcEGwc
— Senator Cynthia Lummis (@SenLummis) February 3, 2025
*This is not investment advice.
