President Donald Trump has one executive order On 3 February to set up a sovereign power fund for the United States.
Trump said that the initiative would improve tax sustainability, alleviate tax pressures for American families and companies and guarantee economic stability in the long term. He also noted that the fund would strengthen the global financial and strategic influence of the United States.
The executive order stated:
“It is in the interest of the American people that the federal government sets up a sovereign wealth fund to promote tax sustainability, to reduce taxes on American families and small businesses, to determine economic security for future generations and to promote economic and strategic Leadership International. “
As part of the directive, the Treasury and Trade Secretaries must submit an extensive plan within 90 days.
Their report must outline financing mechanisms, investment strategies, administrative structures and potential legal requirements. Moreover, they must assess the legal considerations of setting up and managing the fund.
What is a sovereign wealth fund?
Sovereine power funds are state -owned companies that are designed to manage national wealth. Remarkable examples of these funds are the Norway of the Government Pension Fund and the China Investment Corporation.
These funds usually serve as financial reserves or aids for economic development, which guarantees long -term prosperity. They invest collectively for national benefits, and many governments use these funds to acquire interests in companies, to buy financial products and to finance public programs.
According to Sovereign Wealth Fund Institute factsMore than 100 sovereign power funds manage more than $ 13 trillion in assets worldwide.
Crypto -market responds
Although the executive command of Trump did not mention Bitcoin, various crypto analysts have speculated that the Capital Fund could allocate to BTC.
This assumption stems from the individuals who supervise the fund, who are known to support Bitcoin. Bitcoin analyst Joe Consorti marked That Trump named howard Lutnick and Scott Bessent to lead the development of the fund.
Both figures have expressed pro-bitcoin views, so that the expectations of potential crypto investments are fueled. Lutnick is currently serving as a trading secretary, while Bessent supervises the treasury.
Apollo statistics co-founder Thomas Fahrer suggested That the American sovereign power fund could quickly reach $ 5 trillion in managed power. He noted that the Norway Fund owns $ 2 trillion, despite serving a population of only six million people.
Fahrer argued that a Bitcoin allocation of 10% would be reasonable, which might lead to an investment of $ 500 billion in the coming years.
Despite this speculation, crypto gamblers on polymarket are left skeptical About the Bitcoin exposure in the short term of the fund. According to the current gambling trends, there is only 14% probability that the fund will invest in Bitcoin before July.
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