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Bitcoin In The Mix? Trump’s Executive Order Sets Up Sovereign Wealth Fund
In a move that could significantly impact the crypto landscape, President Donald Trump signed an executive order setting up a sovereign wealth fund. This development has sparked speculation about the potential integration of Bitcoin and other digital assets into the US economic framework.
The newly established fund will allow for investments in stocks, cryptocurrencies, marking a transformative moment for the market. Analysts are closely monitoring the role of the newly appointed White House Crypto Czar in unveiling more details.
Crypto expert Vetle Lunde emphasized that this rising exposure to Bitcoin among major institutional players indicates its maturation as a critical component of investment portfolios. He highlighted that Norway’s sovereign wealth fund, the Norges Bank Investment Management (NBIM), has seen its indirect Bitcoin exposure rise by 153% in 2024.
Source: bitcoinist.com
