Trump’s executive order revives hopes for a Bitcoin investment by the U.S., but its connection to the asset is not guaranteed.
On February 3, U.S. President Donald Trump signed an executive order to establish the country’s first national sovereign wealth fund within the next 12 months. The move has caught the attention of the Bitcoin community, sparking speculation about possible investments in the cryptocurrency.
Treasury Secretary Bessent stated:
“We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people.”
The news gained further traction after Senator Cynthia Lummis, a well-known supporter of digital assets, commented on X, calling it a “₿ig deal”, using the ₿ symbol for Bitcoin.
Bitwise senior investment strategist Juan Leon highlighted that the inclusion of Bitcoin in the fund is a real possibility. He stated that the government could add BTC to the sovereign fund while simultaneously accumulating more Bitcoin for a strategic reserve.
But what exactly are sovereign wealth funds, and how could they be connected to the digital asset market? These are state investment vehicles that manage public revenues—often derived from natural resource exports like oil—by reinvesting them into profitable assets such as stocks, bonds, and real estate. While some U.S. states, such as Alaska and Texas, already manage their own sovereign wealth funds, the United States has never had one at the federal level.
However, the link between Bitcoin and the upcoming U.S. sovereign fund is not guaranteed. Some of the world’s largest sovereign funds already have exposure to Bitcoin: Norway’s Government Pension Fund Global, the largest in the world, holds approximately $500 million in MicroStrategy shares, while Abu Dhabi’s ADQ fund regularly invests in digital asset projects. Nevertheless, the creation of a U.S. sovereign wealth fund does not automatically imply a Bitcoin investment.
