Trump Moves to Establish U.S. Sovereign Wealth Fund – Could Bitcoin Be Part of the Plan?
A new executive order directs the government to explore a national investment fund, sparking speculation about potential cryptocurrency holdings and a broader economic strategy

U.S. President Donald Trump has issued an executive order directing the federal government to explore the creation of a sovereign wealth fund. The directive has prompted discussions among industry experts and at least one legislator about the possibility of government investments in Bitcoin.
On February 3, during a press event in the Oval Office, Trump signed the order instructing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to initiate steps toward forming an American sovereign wealth fund. According to Bessent, the plan would be implemented "within the next 12 months" and would work toward “monetizing the asset side of the U.S. balance sheet.”
While neither Trump, Bessent, nor Lutnick explicitly mentioned cryptocurrency as part of the fund’s potential investments, they did indicate that the government could consider acquiring TikTok. The social media platform remains under pressure from U.S. legislation requiring its parent company, ByteDance, to divest its American operations or face a ban.
Following the executive order's signing, Wyoming Senator Cynthia Lummis posted on social media, hinting that the sovereign wealth fund might be used to purchase Bitcoin.
Bitcoin advocate Wayne Vaughan, who has previously urged the U.S. government to establish a strategic Bitcoin reserve, suggested that both Bessent and Lutnick are supportive of Bitcoin and could potentially allocate a portion of the fund to cryptocurrency investments.
Executive Orders Under Scrutiny
Since taking office on January 20, Trump has issued multiple executive orders, some of which have faced legal challenges. For instance, an attempt to revoke birthright citizenship under the 14th Amendment was recently blocked by a federal judge, who deemed the action unconstitutional.
Among Trump’s campaign promises to the crypto industry were commitments to establishing a Bitcoin reserve, ensuring that all BTC mining occurs within the U.S., halting the development of a central bank digital currency (CBDC), and granting clemency to Silk Road founder Ross Ulbricht.
On January 23, Trump signed a separate executive order forming a crypto-focused working group and explicitly prohibiting a U.S. CBDC. However, it remains unclear whether this directive could face similar legal challenges.
Bitcoin's price briefly dropped below $100,000 over the weekend following reports that Trump intended to impose tariffs on imports from Canada, China, and Mexico. After news of the sovereign wealth fund EO spread, Bitcoin's price recovered to around $100,000 at the time of publication.