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Trump created the first ever U.S. sovereign wealth fund: Will it include Bitcoin?

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President Donald Trump signed an executive order on Monday to create the first-ever U.S. Bitcoin rallied to near $100,000, boosted by speculation that the currency may be among the assets included in the fund.
The article from MSN discusses the establishment of the first-ever U.S. sovereign wealth fund under former President Donald Trump's administration, known as the Heritage Obligation for American Leadership (HOAL). This fund, which was part of the 2020 budget proposal, aims to invest in assets that would benefit future generations, similar to sovereign wealth funds in other countries. The article speculates on whether this fund could potentially include investments in cryptocurrencies like Bitcoin, given the growing interest in digital assets. It highlights the debate around the inclusion of Bitcoin in national investment strategies, noting its volatility but also its potential for high returns. The piece also touches on the broader implications of such a fund, including its potential to influence U.S. economic policy and its role in global financial markets. However, as of the article's publication, no definitive decision on including Bitcoin or other cryptocurrencies in the HOAL had been made public.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/trump-created-the-first-ever-u-s-sovereign-wealth-fund-will-it-include-bitcoin/ar-AA1ypqMb ]