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Rising Speculation of U.S. Bitcoin Purchase After Sovereign Wealth Fund Executive Order

Speculation Grows Over U.S. Bitcoin Purchase After Trump’s Sovereign Wealth Fund EO Following U.S. President Donald Trump’s executive order (EO) to establish a sovereign wealth fund , industry experts are speculating that the U.S. government could purchase Bitcoin (BTC) . Pro-crypto Senator Cynthia Lummis called the move a “big deal” , hinting at a potential bullish impact on Bitcoin . Wayne Vaughan, CEO of blockchain data firm Tierion , pointed out that the sovereign wealth fund will be led by Bitcoin-friendly figures : Howard Lutnick , CEO of Cantor Fitzgerald , as Secretary of Commerce . Scott Bessent , as Secretary of the Treasury . Vaughan claims that both leaders are Bitcoin supporters , raising the possibility that the U.S. may include BTC as part of its sovereign wealth strategy . Why Would the U.S. Government Buy Bitcoin? 1. Bitcoin as a Hedge Against Inflation BTC has been widely compared to gold as a store of value . If the U.S. uses Bitcoin in its sovereign fund, it could be a hedge against inflation and currency devaluation . 2. Growing Institutional Bitcoin Adoption With spot Bitcoin ETFs seeing strong inflows , Bitcoin is becoming mainstream in traditional finance . A U.S. government purchase could validate Bitcoin as a global reserve asset . 3. Strengthening U.S. Economic Position in Digital Assets Nations like El Salvador and the UAE have already embraced Bitcoin . If the U.S. adds BTC to its sovereign fund, it could reinforce its dominance in the crypto economy . Is a U.S. Bitcoin Purchase Likely? Bullish Case (BTC Becomes a Sovereign Asset): If the U.S. sovereign wealth fund buys BTC, Bitcoin could surge to new all-time highs . Institutional investors may follow the government’s lead , accelerating adoption. Bearish Case (No Immediate BTC Purchase): The fund could focus on traditional assets like gold, equities, and real estate instead. Regulatory hurdles could prevent the government from holding Bitcoin directly. At this stage, no official confirmation of a U.S. Bitcoin purchase has been made, but speculation is driving bullish sentiment in the market. Conclusion President Trump’s sovereign wealth fund executive order has sparked industry speculation that the U.S. government could buy Bitcoin , especially with Bitcoin-friendly figures leading the initiative . While no official confirmation exists, the mere speculation of a U.S. Bitcoin purchase could be enough to fuel a bullish narrative for BTC in the coming months. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. CoinDesk

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AI predicts XRP price for February 28, 2025

XRP is up by almost 5.8% in the last 24 hours, trading at $2.52. Nevertheless, the token is still down since last week, with a drop of almost 19% impacted by the broader cryptocurrency market sell-off in recent days. XRP 24h price chart. Source: finbold.com AI predicts XRP price After a significant sell-off, XRP rebounded from its recent lows, and it’s currently looking at an upward trajectory. Hence, Finbold consulted its artificial intelligence ( AI ) price prediction tool to find out what the XRP price will be at the end of this month—Friday, February 28. Finbold XRP price prediction. Source: finbold.com According to the five AI models used for prediction, XRP will experience a solid uptick, leading to an average price of $2.82 which is a jump of more than 11.5%. The highest predicted price change comes from Elon Musk ’s Grok 2 Vision AI model, predicting XRP to go up by a whopping 18.58% and trade at $3. Similarly to Grok, Claude 3 Opus is also rather optimistic, with a prediction of a 17.79% jump, resulting in a price of $2.98. On the other hand, the only AI model that suggests a price drop is ChatGPT-4o Mini which predicts a slight drop of 1.19%, keeping XRP at exactly $2.50. Analysts’ take on XRP price Following a sharp downward trend, XRP surged over 25% from its recent lows and is now trading above $2.50, with analysts remaining optimistic and forecasting a potential rise to just under $6 after setting the stage for Wave 5 of its Intermediate Cycle. Key technical indicators suggest a potential upward rally, with XRP possibly breaking past critical resistance levels and targeting new highs around $4 to $6. Overall, while there is a positive outlook, the market remains uncertain, and investors are advised to stay alert to trading volumes and market sentiment. Featured image via Shutterstock The post AI predicts XRP price for February 28, 2025 appeared first on Finbold . CoinDesk