This is a powerful step – Norway has a fund worth $1.8 trillion, Saudi Arabia has $925 billion. The USA will obviously want the biggest one.
But the main question is whether Bitcoin will enter there?
On the one hand, Trump used to criticize the crypt, but now his rhetoric has softened. He has already said that the United States should be a leader in this area.
On the other hand, officially, the United States is still holding on to the old financial system.
Probably, the fund will be filled with gold, bonds, and stocks first, and BTC may be added later if they realize that it simply cannot be ignored further.
But if the United States really wants to maintain its leadership in the global economy,** it's only a matter of time before bitcoin is in their reserve**.
Trump signed a decree on the Sovereign Wealth Fund — who will manage it?
The photo shows the moment of signing the executive order on the creation of the U.S. Sovereign Wealth Fund:
And to Trump's right stands Howard Lutnik, the man who will now run this fund.
And now the most interesting part:
Lutnik owns a “bunch of bitcoin" — yes, this is official information.
His company Cantor Fitzgerald owns a 5% stake in Tether and manages its reserves.
Cantor launches a $2 billion bitcoin loan business that will provide dollar loans secured by bitcoin.
In short, this is clearly not the moment to be a bitcoin bear.
We should be more patient. Something massive is being prepared!