Trump’s Sovereign Wealth Fund Order Sparks Bitcoin Frenzy

Former President Donald Trump has issued an executive order mandating the creation of an American sovereign wealth fund within a year—a move that has set the crypto world ablaze with speculation about Bitcoin’s potential role in U.S. economic strategy.

The executive order, signed Monday, has fueled optimism among Bitcoin advocates, who see it as a step toward institutional adoption of the digital asset. Senator Cynthia Lummis (R-WY), a vocal Bitcoin supporter, underscored the excitement by posting on X, “This is a ₿ig deal,” using Bitcoin’s signature symbol. The crypto market responded swiftly, with BTC surging 4% to $102,050.

Sovereign wealth funds, commonly used by resource-rich nations, allocate government revenues into long-term investments like stocks, bonds, and real estate. While states like Alaska and Texas already operate such funds, the U.S. government itself has never managed a national one.

Despite the enthusiasm in crypto circles, the link between Trump’s proposed fund and Bitcoin remains ambiguous. While global sovereign wealth funds—such as those in Norway and Abu Dhabi—have made significant inroads into digital assets, the U.S. Federal Reserve does not currently count crypto among its reserves.

Whether Bitcoin finds its way into America’s sovereign wealth fund is uncertain. But for now, crypto proponents are embracing the announcement as a sign that mainstream adoption may be closer than ever.