In a move that surprised absolutely no one and everyone simultaneously, the U.S. government has decided to dip its toes into the murky waters of financial innovation. President Donald Trump, in a stroke of what some might call genius and others might call “why not?”, signed an executive order to create a Sovereign Wealth Fund. The goal? To strengthen the country’s long-term economic stability, or at least give it a good shake. Naturally, this has led to the inevitable question: Will Bitcoin and Ethereum be invited to the party? 🎉
Sovereign Wealth Fund: Because Why Not?
President Trump’s executive order is either a masterstroke of financial genius or a desperate attempt to look busy. The White House Press Secretary, Karoline Leavitt, confirmed the decision, stating that the fund will play a “key role” in national financial planning. This comes at a time when global markets are about as stable as a Jenga tower in an earthquake. The fund’s purpose and structure are still shrouded in mystery, but rumors suggest it might include everything from gold bars to Beanie Babies. And yes, Bitcoin and Ethereum are on the table. 🪙
Senator Lummis: Bitcoin’s Biggest Fan
Senator Cynthia Lummis, who has been championing cryptocurrency like it’s the next sliced bread, is pushing for a Bitcoin reserve. She’s proposed a bill that would allow the U.S. government to accumulate 1 million Bitcoin over five years and hold onto it for at least 20 years. Because, you know, patience is a virtue. “This is a big deal,” Lummis said, in what might be the understatement of the century. If her proposal goes through, it could change the way the U.S. government views digital assets, or at least give them something to talk about at parties. 🥳
Bitcoin and Ethereum: The New Gold?
As the Sovereign Wealth Fund takes shape, the big question is: Will Bitcoin and Ethereum make the cut? Some financial experts think so, pointing to their rising acceptance as store-of-value assets. Eric Trump, ever the optimist, recently tweeted that Ethereum might be a good investment. Because if there’s one thing the world needs, it’s more financial advice from the Trumps. If the government does decide to include digital assets, it could signal a major shift in how the U.S. approaches cryptocurrency. Or it could just be another headline. 🤷♂️
Cryptocurrency Market: The Comeback Kid
While traditional markets are flailing like a fish out of water, the cryptocurrency sector is thriving. Bitcoin has surged past $101,000, and Ethereum is holding steady at $2,849. Meanwhile, the U.S., Mexico, and Canada have agreed to delay new tariffs for a month, which has restored some optimism. But let’s be real, the real action is in the crypto market. XRP, Shiba Inu, Dogecoin, and even MANTRA are all on the rise, proving once again that the internet loves a good meme. 🚀
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2025-02-04 04:57