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Trump Wants to Build a Trillion-Dollar Bitcoin Wealth Pot for all Americans
Trump just dropped another massive executive order no one saw coming. And this one has the potential to add Bitcoin to the wealth of every American citizen. Sounds crazy, but here’s how he gets it done...
Adam Atlantic
February 06, 2025 • Estimated Reading Time: 5 minutes
According to NBC News, up to 3 February, President Trump has signed 53 executive orders. The aim is to completely reshape the government, and America, at a pace never seen.
So far, mission accomplished.
Part of this process included the Strengthening American Leadership in Digital Financial Technology executive order I wrote about a couple of weeks ago.
Well, Trump just dropped another massive executive order no one saw coming. And this one has the potential to add Bitcoin to the wealth of every American citizen.
Sounds crazy, but here’s how he gets it done…
Norway Shows How It’s Done
It all starts with what’s called a sovereign wealth fund (SWF). These SWFs are state-owned investment funds that invest in assets to build the wealth of a nation, in effect helping them to navigate down cycles and build wealth for citizens…
That’s the plan at least.
In order to grow a wealth fund, you need assets to invest in. That’s why most of the biggest SWFs are from oil rich countries. They take their oil profits and invest for the country. The biggest of all SWFs is the Norway Government Pension Fund with a $1.7 trillion war chest.
China has two of the biggest SWFs, then Abu Dhabi, Kuwait and the Public Investment Fund (Saudis). In total the top six SWFs combined have over $7.1 trillion in wealth.
Trump wants the U.S. to join that leaderboard.
What’s interesting about these SWFs is where and how they’re investing.
The Norwegians for example hold $500 million in Strategy (formerly MicroStrategy… more on that tomorrow) in their SWF.
And according to research from K33, the Norwegian fund has indirect exposure to Bitcoin worth roughly 3,821 BTC ($382 million)
It should be noted, Norway isn’t going directly after Bitcoin for its wealth fund (at least not yet). But their openness to investing in Bitcoin stocks like Strategy suggests they will, and I expect the U.S. will do the same.
How About Bitcoin in a SWF and a Stockpile of Digital Assets?
Just like Trump set up the work of Crypto Czar with the Strengthening American Leadership in Digital Financial Technology, he’s now signed a new executive order, setting up a U.S. sovereign wealth fund.
Source: Bloomberg via YouTube[2]
This executive order, A Plan for Establishing a United States Sovereign Wealth Fund, puts the Secretary of the Treasury and the Secretary of Commerce at the head of this new U.S. SWF.
That Secretary of Commerce is Howard Lutnick. We’ll look at his backstory another day. He’s the most pro-crypto, pro-Bitcoin, Secretary of Commerce the U.S. has ever seen. He owns it, likes it, even has businesses that are heavily involved in it.
That means, if he’s at the helm of the U.S. SWF, you can (almost) guarantee they’re going to be investing in Bitcoin and digital assets.
My take is that much like the Norwegians (and probably the other gigantic trillion-dollar SWFs) it will also heavily invest into companies like Strategy, MARA Holdings, RIOT and other U.S. Bitcoin companies.
Also, I expect it would hold Bitcoin directly. This would be in addition to the ‘stockpile’ that David Sacks is looking at with a strategic reserve.
As Sacks said the other day, ‘It’s possible the sovereign wealth fund could decide if they want to make Bitcoin or digital assets part of its portfolio. You’ll have to ask incoming commerce secretary about that.’[3]
I think both get the green light inside Trump’s first 100 days. I’m expecting a stockpile of digital assets (heavily weighted to Bitcoin) with Sacks and the Sovereign Wealth fund getting direct and indirect exposure to Bitcoin (particularly ‘U.S. made’ Bitcoin) with Lutnick.
These are huge tailwinds, and the market just isn’t pricing any of it in yet. Keep calm, let this unfold and my take is that soon enough $100,000 Bitcoin will be tiny speck in the rear-view mirror.
Trust in crypto,
Adam Atlantic