U.S. Establishes Sovereign Wealth Fund; Bitcoin and Ethereum Considered
- President Donald Trump signed an executive order to create a U.S. Sovereign Wealth Fund.
- The fund aims to enhance long-term economic stability amidst global market uncertainties.
- Potential inclusion of digital assets like Bitcoin and Ethereum is under discussion.
- Senator Cynthia Lummis supports a proposal for the U.S. to hold 1 million Bitcoin over five years.
- Bitcoin’s price has surpassed $101,000, while Ethereum trades near $2,849.
The U.S. government has initiated a Sovereign Wealth Fund to bolster economic stability, with discussions on including cryptocurrencies like Bitcoin and Ethereum as part of its asset portfolio.
Source (2.6)https://coingape.com/donald-trumps-sovereign-wealth-fund-will-bitcoin-ethereum-be-included/?rand=24432
