Cryptoverse in joy after Trump orders to create Sovereign Wealth Fund

By Yugocean | Crypto Champion | 4 Feb 2025

Trump has a large target with SWF

President Donald Trump signed an executive order directing the US Treasury and Commerce departments to create a "sovereign wealth fund" within 12 months. Donald Trump has majestic economic goals, like resisting dedollarization, funding essential national projects, lowering taxes on US citizens, and constructing a strategic bitcoin reserve. So a "sovereign wealth fund" could be quite valuable in this circumstance.

Cryptoverse is hopping on Bitcoin

Trump's executive order for a sovereign wealth fund has propelled Cryptoverse, with the anticipation that the fund will incorporate Bitcoin investments. Although Trump's order makes no mention of bitcoin or other cryptocurrencies, the sovereign wealth fund could be used to invest in Bitcoin as well, because the US Department of Treasury and Commerce will manage it, and Trump-nominated Commerce Secretary Howard Lutnick is a strong supporter of Bitcoin.

My Point

Although I agree with many of the observations made by other analysts. However, I do not believe Trump will begin investing directly in Bitcoin just yet, since he also wants to avoid dedollarization, so he will not simply replace the dollar with Bitcoin. The current US Treasury Secretary, Scott Bessant, has been wary about investing in crypto, thus it appears doubtful that Trump will invest US funds directly in BTC, as Bukele did.