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Trump Orders the Creation of the U.S. Sovereign Wealth Fund, Is Something Good Coming for the Crypto World?
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📜 Trump Orders the Creation of the U.S. Sovereign Wealth Fund
President Trump signed an executive order requiring the creation of a U.S. sovereign wealth fund within the next year. Many other countries have already introduced similar funds, mainly using government money for direct investments.
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💰 Fund Plan Details and Bitcoin Supporters' Reactions
The executive order provides few details, only instructing the Treasury and Commerce Departments to submit a plan within 90 days. Bitcoin supporters are excited, believing this move could indicate that the U.S. will directly invest in cryptocurrencies, especially Bitcoin.
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🌍 Role of Sovereign Wealth Funds and Other Countries' Practices
Sovereign wealth funds reinvest government revenue into sustainable, profitable assets like stocks and bonds. Some of the largest funds in the world hold significant amounts of cryptocurrency, particularly Bitcoin. Norway’s sovereign wealth fund indirectly holds nearly $400 million worth of Bitcoin.
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🏛️ Uncertainty on How the U.S. Sovereign Wealth Fund Will Be Established
The U.S. faces a budget deficit, and establishing the fund may require Congressional approval. Trump mentioned that it could be funded through "tariffs and other wise measures."
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💼 Treasury Secretary's Vision for the Fund
Treasury Secretary Bessent stated the fund would be established within 12 months, possibly by monetizing U.S. assets to benefit the public.
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🔄 Discussion on Transforming the U.S. International Development Finance Corporation (DFC)
The Trump administration has considered transforming the DFC’s functions to help fund the sovereign wealth fund. Currently, the DFC collaborates with private entities to fund projects in developing countries.
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🗳️ Challenges and Uncertainty in Setting Up the Fund
How the fund will be established and where the funds will come from remains unclear, and Congressional support may be necessary. Experts note that executive orders cannot directly fund such a project.
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💡 Investors' Views on the Announcement
The announcement of creating a sovereign wealth fund surprised investors, many of whom believe the move will not be successful, especially given the current economic challenges in the U.S.
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🌐 Global Sovereign Wealth Fund Overview
There are more than 90 sovereign wealth funds worldwide, managing over $8 trillion in assets. The U.S. has yet to operate its own sovereign wealth fund, though several states have their own wealth funds.
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🔢 Assets of the World’s Largest Sovereign Wealth Funds
Norway has the largest sovereign wealth fund in the world, with assets over $1.7 trillion. China’s sovereign wealth fund follows closely with $1.3 trillion in assets.
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