President Trump signed an EO for a sovereign wealth fund. Will the US Bitcoin reserve be included in the key Trump crypto meeting with the Crypto Czar?
Bitcoin and altcoins remain volatile. After two days of turmoil (and pain), prices recovered yesterday. However, the bounce was short-lived because, with BTC trading back below $100,000 at press time, traders are beginning to reconsider their longs, questioning the bulls’ conviction.
This state of affairs is when the United States plans to create a sovereign wealth fund. It is not expressly a Bitcoin Reserve, as Donald Trump told crypto enthusiasts on his campaign trails – yet he has appointed a crypto czar (David Sacks).
Altogether, this is exciting for crypto, and now that the executive order was signed yesterday, there is hope that the fund could precede the establishment of a Bitcoin reserve.
sovereign wealth funds are usually funded by a country having a budgetary surplus – something that hasnt happened in the US since 2001
we are witnessing the biggest legitimization of corruption in history imo this shit is so beyond belief idek what to say https://t.co/Zb76rThWbP
— snowbird (@snowbirdtbh) February 3, 2025
If this fund is created, it would signal the start of a race by other countries to amass the scarce digital asset, a move that would propel prices to fresh highs. In that event, meme coins and quality altcoins like Wall Street Pepe (WEPE) stand a chance to soar to even higher valuations, rewarding early adopters.
Trump Approves The Creation Of a Sovereign Wealth Fund: Will Crypto Czar Event Include Bitcoin?
The executive order President Trump signed yesterday mandates the formation of a sovereign wealth fund within 12 months.
Like the Saudi Arabia or Qatar wealth funds, it will be a state-run investment vehicle that reinvests government revenues into profitable assets like equities and even real estate.
It remains unclear whether the fund will invest in Bitcoin or a quality altcoin as part of its diversification strategy. Norway and Abu Dhabi, for example, run similar sovereign wealth funds and have crypto exposure.
There is no guarantee that the United States will do the same. For now, the federal government’s decision to implement a similar fund is “a big deal,” as Cynthia Lummis, the Wyoming Senator, said on X.
If the strategic crypto and Bitcoin reserve plan is abandoned and Bitcoin or altcoins like Ethereum or Solana become part of this wealth fund, crypto prices will fly.
Wall Street Pepe: The Perfect Meme Coin Bet?
The market is closely watching how policymakers will proceed. In the meantime, the altcoin market is heating up with one meme coin, Wall Street Pepe, drawing investors.
Over $68 million has been raised in the ongoing WEPE presale, with just 12 days left before the project launches.
Investors are strategically pouring in, buying the token for just $0.0003665, using ETH, USDT, or even cash.
You don’t want to be left behind. WEPE is one of the best cryptos to buy now. Smart investors scoop up roughly $1 million worth of WEPE every day.
Interest in the project is based on its offerings. Besides being secure and audited by Coinsult, WEPE holders want to be part of the fast-growing Wall Street Pepe community.
Wall Street Pepe seeks to level the meme coin trading field. As such, WEPE holders will instantly receive insights to make informed trades and have access to community-driven investment strategies.
Together, as a band, they will effectively counteract market manipulation often orchestrated by whales.
On YouTube, some analysts think WEPE can easily 15X after listing on top exchanges.
EXPLORE: US Trade War Fuels Frenzy To Buy Crypto Dip: What Crypto to Buy Now?
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