The administration of President Donald Trump is considering the feasibility of establishing a Bitcoin reserve, as he has just signed an executive order to establish a US sovereign wealth fund.
At a joint press conference in Washington on 4/2/2025, David Sacks, whom Trump appointed as "crypto czar", outlined the government's new crypto support strategy. He confirmed that assessing the feasibility of a strategic Bitcoin reserve is a top priority for the internal task force.
According to David Sacks, the government's task force is still awaiting confirmation from some cabinet members to officially get started. One of the first tasks of the group is to assess the ability to hold Bit as a strategic reserve asset.
However, he also emphasized that the sovereign wealth fund and the Bitcoin reserve are two different concepts, and recommended that the media consult with Howard Lutnick, Trump's candidate for Commerce Secretary, for more accurate information about this fund's plans.
This information came immediately after President Trump signed an executive order on 3/2 to establish a sovereign wealth fund, an government investment mechanism to optimize state capital through the ownership of strategic assets. Analysts say Bit could be on the fund's asset list, opening a new chapter in the integration of cryptocurrencies into the public financial system.
James Butterfill, head of research at CoinShares, believes the sovereign wealth fund is likely to include Bit, as leaders like Finance Minister Scott Bessent have pro-crypto views.
"From a fund manager's perspective, including Bit in the investment portfolio is reasonable," Butterfill said. "Although strategic reserves are usually separate from sovereign wealth funds, in this case the fund may serve both purposes."
He also compared this situation to Norway's use of oil revenue for long-term investment, saying the US could apply a similar model by monetizing existing assets and exploring new financial sources, including Bit.
If the Trump administration does include Bit in the sovereign wealth fund or strategic reserve, this could be a major turning point in US financial history, as one of the world's largest economies officially recognizes Bit as a national reserve asset.
In addition, the White House's promotion of crypto-friendly policies could also contribute to driving up the market cycle, as US government participation will increase the legitimacy and global acceptance of Bit.
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