Trump Signs Executive Order to Establish Sovereign Wealth Fund, Bitcoin Projected to Reach $100,000

President Donald Trump signed an executive order on Monday outlining plans to establish a sovereign wealth fund aimed at boosting economic development in the United States. The move has drawn attention from crypto experts who believe Bitcoin could be included in the fund.

Trump has directed the formation of the first-ever US sovereign wealth fund, designed as an economic development instrument. The Department of the Treasury and the Department of Commerce have been tasked with creating the fund.

Although the executive order lacks detailed specifics, both departments have been given 90 days to submit a comprehensive plan, covering investment strategies, funding mechanisms, fund structure, and governance models.

Treasury Secretary Scott Bessent confirmed that the fund would be established within the next 12 months.
"We will set this up within a year. We will monetize the asset side of the US balance sheet for the benefit of the American people," Bessent said during a media panel, as reported by CNBC.

The idea of a sovereign wealth fund was first introduced by Trump during his campaign last year, where he suggested it could be used to finance national projects.

This initiative follows Trump's executive order from last month to establish a US digital asset reserve.

The latest directive has sparked optimism within the crypto community, fueling speculation that Bitcoin might be included in the fund.

Juan Leon, senior investment strategist at Bitwise, emphasized that the likelihood of Bitcoin being added to the sovereign wealth fund is high. He noted that the government could incorporate BTC as part of its strategic wealth fund while continuing to accumulate Bitcoin for national reserves.

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