Trump orders the establishment of a national wealth fund with potential Bitcoin investment. Impact on Bitcoin price discussed.
Donald Trump, the President of the United States, issued an order on Tuesday to establish the Federal National Wealth Fund. This action aims to centralize the national financial reserves under government supervision. It coincides with a speech tomorrow by David Sacks, the official for digital currency policies in America, about plans to dominate the digital asset sector. While it is unclear whether this fund will invest in Bitcoin (BTC) or not, national wealth funds of countries like Bhutan, Singapore, and Norway have previously invested in Bitcoin. This news, along with the suspension of Mexican tariffs, has pushed the price of Bitcoin to the $100,000 range.
