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Home Bitcoin News

Donald Trump’s Crypto Czar Hints at Bitcoin in US Sovereign Wealth Fund

Bhavesh by Bhavesh
February 6, 2025
in Bitcoin News
Reading Time: 2 mins read
Donald Trum Bitcoin

Donald Trum Bitcoin

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The U.S. government may soon stockpile Bitcoin (BTC) as part of its sovereign wealth fund, which could redefine the country’s financial strategy. David Sacks, Trump’s Crypto Czar, has revealed that the administration is evaluating the possibility of including Bitcoin or other digital assets in the fund’s portfolio.

Speaking to CNBC on Feb. 4, Sacks stated:

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“It’s possible that the Sovereign Wealth Fund could decide that they want to make Bitcoin or digital assets part of its portfolio.”

However, he added that the final decision would rest with incoming Commerce Secretary Howard Lutnick, a longtime advocate of Bitcoin as a store of value.

US Sovereign Wealth Fund: What’s the Plan?

On Feb. 3, 2025, former President Donald Trump signed an executive order directing the Treasury Secretary and Commerce Secretary to deliver a plan within 90 days to create a U.S. Sovereign Wealth Fund.

Key Features of the Fund:

✅ Total size: $5.7 trillion for strategic investments
✅ Goal: Economic growth, reduced tax burdens, and fiscal sustainability
✅ Inspired by other sovereign funds—23 U.S. states already manage $332 billion in similar funds

Bitcoin as a Strategic Reserve Asset?

Trump has tasked Sacks with exploring the feasibility of a Bitcoin reserve. This initiative aims to:
🔹 Hedge against inflation
🔹 Strengthen U.S. financial stability
🔹 Leverage Bitcoin’s store of value potential

The move has sparked debate in the crypto and financial sectors. Supporters argue that Bitcoin’s decentralized nature could protect the U.S. economy from traditional market risks. Meanwhile, critics caution against Bitcoin’s price volatility and its potential impact on national reserves.

Howard Lutnick’s Stance on Bitcoin

Incoming Commerce Secretary Howard Lutnick, CEO of Cantor Fitzgerald, has expressed bullish views on Bitcoin. At the Bitcoin 2024 conference, he stated:

“Bitcoin is like gold and should be free trade everywhere in the world.”

His firm manages crypto reserves for Tether, fueling speculation that he may push for Bitcoin’s inclusion in the sovereign wealth fund.

What’s Next for Bitcoin and the US Economy?

With Trump’s administration actively exploring Bitcoin adoption, the next 90 days will be crucial. If the U.S. formally integrates Bitcoin into its national wealth strategy, it could be a historic moment for the crypto industry.

💡 Will the U.S. become the next nation to stockpile Bitcoin? Stay tuned as the government finalizes its decision.

Tags: Crypto CzarDonald Trump
Bhavesh

Bhavesh

Bhavesh is a dedicated content writer with a keen eye for detail and a passion for blockchain and cryptocurrency. His interest in these fields was sparked through his work, and he continues to expand his knowledge in these areas. He loves to watch anime and binge watches during his free time.

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