The post The American Fund: Trump’s Bold Bet on TikTok, Bitcoin, and a Sovereign Wealth Revolution appeared on BitcoinEthereumNews.com.

It started with an executive order. On a brisk Monday morning, President Donald Trump sat behind the desk, signature pen in hand, and scrawled his name across a document that could reshape America’s financial future. With one stroke, he ordered the Treasury and Commerce Departments to establish something the United States had never seen before—a sovereign wealth fund. And at the center of this ambitious plan? The possible purchase of TikTok and Bitcoin. Leading the charge are two key figures: Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, both known for their sharp financial acumen and, notably, their enthusiasm for Bitcoin. The duo had long advocated for integrating digital assets into America’s economic strategy, and sources close to the administration hinted that Bitcoin would likely play a role in the fund’s portfolio. “We’re going to stand this thing up within the next 12 months,” declared Bessent in the White House briefing room, flanked by Lutnick. “We’re going to monetize the asset side of the U.S. balance sheet for the American people.”   Bitcoin recovered strongly, bouncing on Trump’s Mexico deal, and the sovereign wealth fund news, Source BLX on Brave New Coin A sovereign wealth fund, the kind operated by oil-rich nations like Norway or investment-heavy giants like Singapore, had long been a dream of Trump’s. As a candidate, he had envisioned a fund that could finance “great national endeavors”—bridges, highways, cutting-edge research, even advanced manufacturing. Now, as president, he is making his move. But details on how exactly this fund would be capitalized were murky. The U.S. operated at a deficit, unlike the surplus-laden economies that typically launched such investment vehicles. Trump, however, was undeterred. “Tariffs and other intelligent things,” he had once mused, could be used to build the fund’s war chest. Globally, sovereign wealth funds controlled…

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Filed under: News - @ February 4, 2025 6:15 am