|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
The U.S. government is taking a new approach to financial management with the creation of a Sovereign Wealth Fund.
Feb 04, 2025 at 09:50 am
President Donald Trump signed an executive order over the weekend to establish the fund, aiming to strengthen the country's long-term economic stability.
The U.S. government is establishing a new Sovereign Wealth Fund as part of its latest economic strategy shifts. While the fund's purpose and structure are still being defined, some financial analysts are speculating about the possibility of including alternative investments such as Bitcoin and Ethereum.
The creation of the Sovereign Wealth Fund was announced by White House Press Secretary Karoline Leavitt, who highlighted its role in national financial planning. This announcement comes amidst global market uncertainty caused by trade discussions between the U.S., Mexico, and Canada.
The fund is expected to manage various assets, and some experts believe that digital assets could be included to diversify holdings. This speculation arises as the cryptocurrency market shows signs of recovery, with Bitcoin price surpassing $101,000 and Ethereum price trading near $2,849.
Senator Cynthia Lummis, known for her support of cryptocurrency, has been discussing the progress of a proposed bill that would allow the U.S. government to accumulate 1 million Bitcoin over five years. The bill proposes holding the assets for at least 20 years as a long-term strategy.
In response to the news of the Sovereign Wealth Fund, Lummis highlighted the potential role of Bitcoin in the country's financial system. If her proposal advances, it could influence how digital assets are integrated into federal investment strategies.
As the Sovereign Wealth Fund takes shape, discussions continue about what assets will be included. Some financial experts believe that Bitcoin and Ethereum could be considered due to their rising acceptance as store-of-value assets.
Recently, Eric Trump expressed optimism about Ethereum on social media, suggesting that it might be a good time to invest. His comments come as Ethereum shows steady performance, following Bitcoin's surge.
If the government decides to include digital assets in the Sovereign Wealth Fund, it could signal a shift in how the U.S. approaches cryptocurrency at a national level.
The recent events have impacted financial markets, with global stocks declining while the cryptocurrency sector remaining strong. As Bitcoin rises above $101,000 and Ethereum shows a steady surge, investors are showing growing interest in digital assets.
Some market analysts believe that government interest in Bitcoin and Ethereum could further drive adoption. At the same time, the U.S., Mexico, and Canada have reached an agreement to delay new tariffs on goods for one month, restoring optimism.
This decision follows discussions between President Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Justin Trudeau. While traditional markets have shown uncertainty, the cryptocurrency sector appears to be experiencing renewed momentum.
Among the top crypto gainers in the last 24 hours, XRP price soared over 17% to trade at $2.73, Shiba Inu price jumped 13% to $0.00001667, Dogecoin too soared over 15% to $0.28 and MANTRA price led the top gainers after skyrocketing over 27% followed by Onyxcoin (XCN) 25% rally from its intra-day low.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin and the U.S. Sovereign Wealth Fund: Exploring the Implications of Cryptocurrency Inclusion
- Feb 04, 2025 at 03:21 pm
- The creation of the U.S. sovereign wealth fund has sparked discussions on asset allocation, particularly regarding the potential inclusion of digital assets like Bitcoin and Ethereum. This article explores the implications of incorporating cryptocurrencies into the fund, weighing the benefits, risks, and global trends that may shape this decision.
-
- President's Son Pumps $ETH – Bitcoin Maxis Push Back
- Feb 04, 2025 at 03:01 pm
- Presidential son Eric Trump on Monday urged cryptocurrency users to consider buying Ethereum (ETH) while prices haven't recovered significantly, seemingly triggering a price pump on the world's second-largest crypto asset by market cap.