Trump's $1 Trillion Sovereign Wealth Fund Will Bet Big on 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 Trump administration is reportedly planning to launch a sovereign wealth fund, with TikTok and Bitcoin among the first assets being considered for the fund’s portfolio.

According to a report by Blx on Brave New Coin, the fund is being spearheaded by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, both of whom are known for their interest in digital assets.

The administration is said to be considering using tariffs and other revenue-generating measures to capitalize the fund, despite the U.S. operating at a deficit.

The move comes as part of Trump’s broader plan to use the fund to finance major infrastructure projects and other initiatives.

The fund would be a first-of-its-kind for the United States, joining the ranks of sovereign wealth funds operated by countries such as Norway and Singapore.

The report also notes that the fund’s creation is subject to approval by Congress, which may scrutinize the administration’s plans to use tariffs and other non-surplus revenue to seed the fund.

However, the administration is reportedly confident in its ability to secure funding for the massive undertaking.