Key Takeaways
- President Trump has signed an executive order to establish a U.S. sovereign wealth fund.
- Commerce Secretary nominee Howard Lutnick and Treasury Secretary Scott Bessant, both pro-Bitcoin, will oversee the fund.
- The move fuels speculation that the U.S. may include Bitcoin in its national reserves.
President Donald Trump has signed an executive order to create a U.S. sovereign wealth fund, a move that could significantly reshape the country’s financial strategy—and possibly bring Bitcoin into the national reserves for the first time.
To lead the effort, Trump has tapped Howard Lutnick, his nominee for Commerce Secretary, and Scott Bessant, his pick for Treasury Secretary—two of the most openly pro-Bitcoin officials in the administration.
U.S. to Follow Global Leaders in Sovereign Wealth Funds
A sovereign wealth fund (SWF) is a state-owned investment vehicle that allocates capital into assets such as stocks, bonds, real estate, infrastructure, and alternative investments like private equity and hedge funds.
These funds are typically backed by foreign exchange reserves, surplus government revenues, or commodity exports.
The U.S. is one of the few major economies without a sovereign wealth fund. Meanwhile, some of the largest sovereign funds globally manage trillions in assets:
These funds invest heavily in technology, infrastructure, equities, and bonds—often shaping the global financial landscape.
Trump first proposed the idea of a U.S. sovereign fund during his 2024 campaign, suggesting it could be used to invest in defense, medical research, and manufacturing, funded in part by tariff revenues.
Now, with the executive order in place, the U.S. may finally join the ranks of nations using state-backed investment funds to generate wealth and strengthen economic security.
Bitcoin as a National Reserve? Pro-Crypto Officials Fuel Speculation
The appointment of Howard Lutnick and Scott Bessant to oversee the new U.S. sovereign wealth fund has intensified speculation that Bitcoin (BTC) could be part of the portfolio.
Lutnick, the CEO of Cantor Fitzgerald, has been vocal about his belief in Bitcoin as a scarce and valuable asset. In a recent interview, he argued that Bitcoin should be treated as a commodity, not a currency, saying:
“Bitcoin is rare, and it will become ever more rare and ever more valuable. Bitcoin will be financiable just like gold and oil.”
Lutnick’s firm, Cantor Fitzgerald, is already building a Bitcoin financing model, treating BTC like a commodity that can be hoarded and lent out—similar to precious metals and energy resources.
His involvement suggests that Bitcoin could be considered part of the sovereign wealth fund’s long-term investment strategy.
Meanwhile, Sen. Cynthia Lummis, one of the most vocal pro-Bitcoin lawmakers, celebrated the executive order, calling it a “₿ig Deal”—a not-so-subtle hint that Bitcoin may soon play a key role in U.S. financial policy.
While no official decision has been made, the mere possibility of the U.S. adding Bitcoin to its reserves would mark a historic moment for cryptocurrency, further legitimizing it as a strategic global asset.
The executive order mandates officials to submit a detailed proposal within 90 days.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
