The United States has decided to create a significant change in economic strategies and to establish the Sovereign Wealth Fund. Donald Trump signed a presidential decree that envisages the establishment of this fund at the weekend. The purpose of the fund was stated as strengthening the country’s long -term economic stability, while this decision brought about whether crypto assets such as Bitcoin and Ethereum will be included in the fund.
Trump moves: New era in economic planning
White House Press Spokesman Karoline Leavitt confirmed that the new fund will play an important role in the US financial planning. The statement came in an uncertainty caused by commercial negotiations between the US, Mexico and Canada. Although detailed information about the full structure and functioning of the fund is not shared, financial analysts predict the fund will manage various assets. While alternative investments can also be included in the portfolio of the fund, the possible addition of Bitcoin and Ethereum has become a remarkable issue in the financial world. Particularly recently Bitcoin’s exceeding $ 101,000 and Ethereum’s trading around $ 2,849 leads to the evaluation of these assets as potential investment instruments.
Senator Cynthia Lummis, who has longed to support crypto currencies for a long time, drew attention to the progress in the draft law, which advocates the government to keep Bitcoin as a reserve. The bill suggests that the US government will collect 1 million Bitcoin in five years and maintain these assets for at least 20 years. Lummis, who made assessments on the decision of the Egemen Asset Fund, said that this was a big step for the US financial system. On the other hand, Bitwise Senior Investment Strategist Juan Leon said that the government could create a strategic reserve at the same time while the government includes Bitcoin.
Will Bitcoin and Ethereum be included in the fund?
As the content of the fund is shaped, discussions on which assets will be included. Some financial experts think that Bitcoin and Ethereum may be a part of the fund because it is increasingly accepted as a tool of value storage.
Senator Lummis’s pressure on Bitcoin reserve shows that the government’s interest in crypto currencies has increased, while Eric Trump’s positive social media statements about Ethereum drew attention. Ethereum’s stable performance and the last rise of Bitcoin point out that the government can evaluate these beings. If the sovereign asset fund is structured to contain crypto currencies, this may represent a significant change in the US approach to crypto beings.
