Trump announces the creation of the US Sovereign Wealth Fund
10.02.2025
Donald Trump announced plans to establish the U.S. Sovereign Fund—a national investment instrument designed to generate and distribute assets for the benefit of American citizens.Trump signed the corresponding decree during an event at the White House. The document instructs Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, known cryptocurrency advocates, to "initiate the process that will lead to the creation of the American Sovereign Wealth Fund."According to Bessent, the fund will combine liquid and strategic assets. Its creation is expected to be completed within the next 12 months.The fund may be used to acquire strategically important assets, as well as to secure stakes in companies due to the significant purchasing power of the U.S. government.Howard Lutnick noted that the scale of the country’s economy and the volume of government business operations with private companies should create additional value for American citizens.Countries that already have large sovereign funds include Norway, China, Saudi Arabia, Australia, and Iran.In response to the news, Wyoming Senator Cynthia Lummis suggested that the fund could be used to invest in Bitcoin. However, if BTC is included in the fund’s portfolio, it will likely come from existing U.S. assets rather than additional purchases.According to available data, a wallet belonging to the FBI and linked to confiscations related to the Silk Road case still holds 69,370 BTC, valued at around $6.8 billion at current market prices. The total volume of U.S. cryptocurrency assets exceeds 207,000 BTC, estimated at more than $20 billion.
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