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Trump Approves US Sovereign Wealth Fund, Will it Buy Bitcoin?

On Feb. 3, President Trump announced plans to create a US sovereign wealth fund, a national investment vehicle designed to generate and distribute assets for American citizens. Trump signed the executive order at a White House event directing Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick, who are both pro-crypto, to “begin a process that will hopefully result in the creation of an American sovereign wealth fund.” “We’re going to create a lot of wealth for the fund,” Trump told reporters before adding, “And I think it’s about time that this country had a sovereign wealth fund.” The fund “will be a combination of liquid assets, assets that we have in this country as we work … to bring them out for the American people,” said Bessent, who added that it will be set up within the next 12 months, according to NBC. Bitcoin Backing? The fund could be potentially used to acquire strategic assets such as a potential takeover of the Chinese social media platform TikTok , alluded Lutnick. It could also leverage the US government’s massive purchasing power to gain equity in companies. “The extraordinary size and scale of the U.S. government and the business it does with companies … should create value for American citizens,” Lutnick said. Other countries with large sovereign wealth funds include Norway, China, Saudi Arabia, Australia, Iran, and Russia. In reaction to the news, Wyoming Senator Cynthia Lummis hinted that the fund could be used to buy Bitcoin. This is a ₿ig deal. https://t.co/ZShfQcEGwc — Senator Cynthia Lummis (@SenLummis) February 3, 2025 However, if the fund does include BTC, it is likely to come from the stash that the United States already holds rather than buying more. According to Blockchain.com, an FBI-owned address linked to Silk Road seizures still holds 69,370 BTC worth around $6.8 billion at current market prices. Total US holdings exceed 207,000 BTC worth more than $20 billion, according to BiTBO. The US will buy Bitcoin. Trump just announced the creation of a US Sovereign Wealth Fund. It will be headed by Secretary of Commerce @howardlutnick and Treasury Secretary @ScottBessent528 . Both like Bitcoin. I’d say there’s a 100% probability they buy Bitcoin. — Wayne Vaughan (@WayneVaughan) February 3, 2025 BTC Price Recovers Crypto markets have recovered since the Trump tariffs were suspended on Monday. BTC reclaimed $102,000 in an intraday high but has since retreated back to around $99,000 at the time of writing, as the bounce may have been short-lived. AI and real-world asset tokenization altcoins were also surging, but Ethereum remained lackluster, failing to top $3,000 despite an endorsement from Eric Trump . The post Trump Approves US Sovereign Wealth Fund, Will it Buy Bitcoin? appeared first on CryptoPotato . Decrypt

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Will Ethereum Reach $4,000 In February? Remittix Leads Top Gaining Cryptos In 2025

Growing acceptance and institutional buying is helping Ethereum to gather momentum. Analysts wonder if ETH will reach $4,000 in February 2025. There are several factors that could drive Ethereum’s potential breakout. On the other hand, Remittix (RTX) is gearing up to become one of the top gaining cryptos in 2025. Remittix’s innovative PayFi mechanism and anticipated token presale are making it a popular choice for developers. Several Factors Are Set To Drive Ethereum’s Rally to $4,000 In February The market sentiment still stands with an Ethereum price change to $4,000 in February. To increase its efficiency, Ethereum as a chain has been experiencing notable developments. These improvements enable its relevance in the crypto domain. Also notable is Ethereum 2.0’s change to proof-of-stake. It basically indicates quicker and more effective transactions. Other factors driving Ethereum’s price surge include the revival of the larger crypto market and growing institutional interest in Ethereum. There is also the development of Ethereum-based financial instruments like ETFs. Should these developments move forward without hiccups, the Ethereum price movement could create a new February high. Remittix Set To Become One of The Top Cryptocurrencies In 2025 Among the most promising new cryptocurrencies, Remittix (RTX) stands out for its emphasis on utility-driven businesses that have the potential to disrupt established markets. Remittix, which combines cutting-edge blockchain technology with traditional banking operations, promises to address inefficiencies in the $180 trillion worldwide money transfer sector. The precisely constructed $RTX token at the center of the network is critical for staking, governance and platform incentives. The RTX coin, with a limited supply of 1.5 billion, is rapidly increasing in value. Users of the platform can instantaneously transfer funds to any bank account in the world after converting over forty different cryptocurrencies into FIAT currency. This streamlined approach includes instant transfers, no hidden expenses and often lower rates than those offered by traditional banks. The Remittix Pay API also facilitates FIAT settlement and accepts bitcoin payments. Remittix enables retailers to better manage their digital assets, setting the groundwork for a more accessible and adaptive financial environment. As a bridge between crypto and FIAT currency, Remittix outperforms more traditional payment processors like Stripe and Wise, as well as cryptocurrency-only solutions like Coinbase Wallet. Remittix simplifies international commerce by supporting over 30 FIAT currencies and 50 major altcoins. Furthermore, unlike traditional banks, which charge exorbitant fees and unacceptable exchange rates, the platform’s clear flat-fee system saves money while providing transparency. A game changer in the payments industry, where shady practices are all too common, Remittix’s technology ensures that the recipient receives the full amount intended. During its presale , the RTX token is selling for $0.0539, making it an appealing investment opportunity. The demand for unique cross-border payment solutions is expected to continue rising, resulting in significant growth. Predictions include a 25x multiplier during the presale process and gains exceeding 1,500% after launch. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Will Ethereum Reach $4,000 In February? Remittix Leads Top Gaining Cryptos In 2025 appeared first on Times Tabloid . Decrypt