President Donald Trump signed an executive order Monday calling for the creation of an American sovereign wealth fund—and Bitcoin investors are already seeing gold.

Following Trump’s announcement that he’s now ordered the U.S. government to create a sovereign wealth fund within the next 12 months, Bitcoin advocates leapt with enthusiasm—taking the news as a signal that the United States is taking active steps towards investing directly in the world’s top cryptocurrency.

Most notably, Sen. Cynthia Lummis (R-WY), a prominent Bitcoin advocate, referenced Bitcoin when she reacted to the news. “This is a ₿ig deal,” she posted on X, making use of the Bitcoin “₿” symbol and sending crypto enthusiasts into a euphoric tizzy. BTC is up 4% on the day, to $102,050 at writing.

But what exactly are sovereign wealth funds, and how do they differ from the concept of a long-desired U.S. strategic Bitcoin reserve? 

Sovereign wealth funds are state-owned investment funds that take government revenues—often earned from exporting natural resources—and r

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Author: Sander Lutz

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