The financial landscape of the United States could change radically with President Trump’s recent executive order to create a sovereign wealth fund. While details are still scarce, what is clear is that the possibility of including Bitcoin in this fund is real, and one of its biggest advocates is at the helm.
Howard Lutnick: A Bitcoiner Leading the Sovereign Wealth Fund
The appointment of Howard Lutnick as Secretary of Commerce and Scott Bessent as Secretary of the Treasury puts two key figures in charge of structuring this fund. Lutnick is a well-known Bitcoin advocate, and his recent statements reinforce the idea that cryptocurrency could be an integral part of the sovereign wealth fund.
Lutnick revealed that he holds "hundreds and hundreds of millions of dollars in Bitcoin" and that his exposure will soon be in the billions. Additionally, his strategy is clear: "Every time Bitcoin dips, I’m going to be the buyer."
It’s not just his personal holdings that stand out. Cantor Fitzgerald, the firm he leads, launched a $2 billion Bitcoin financing business last year, demonstrating his commitment to the industry.
David Sacks and the Possibility of a "Bitcoin Reserve"
The White House’s so-called “Crypto Czar,” David Sacks, is also involved in the decision-making process. Sacks mentioned that the government is assessing the feasibility of creating a strategic Bitcoin reserve, and one possible avenue for doing so could be through the sovereign wealth fund.
“President Trump asked us to study the creation of a Bitcoin reserve or a digital asset stockpile. We haven’t committed to doing it yet, but it is one of our priorities,” Sacks stated. However, he also made it clear that the final decision would be in the hands of Lutnick and his team.
Bitcoin and Sovereign Wealth Funds: A Shift in the Global Financial System
Sovereign wealth funds are among the largest pools of capital worldwide. For example, Norway manages a sovereign wealth fund with over $1.5 trillion, while Abu Dhabi oversees approximately $1 trillion in assets. If the United States decides to include Bitcoin in its fund, it would not only legitimize the cryptocurrency at a national level but could also accelerate its adoption as a store of value globally.
There are still many unanswered questions: How will the fund be financed? What assets will it include? What is clear is that Lutnick and Bessent have 90 days to present a plan to Trump, and if history tells us anything, Bitcoin will be at the center of the discussion.
This is a development that could reshape the global financial dynamic and establish Bitcoin as a strategic national asset. The future is unfolding!