- Rumors about U.S. sovereign wealth fund buying Bitcoin surface.
- No official confirmation found in primary sources.
- Bitcoin price decreased by 1.27% on March 17.
US President Trump signed an executive order for a sovereign wealth fund on March 17, 2025. Rumors suggest the fund will potentially acquire Bitcoin.
This speculation generated interest but Bitcoin’s price fell instead of rising, indicating uncertain market responses despite the rumors.
Trump’s Executive Order and Market Speculation Stir Interest
The executive order, signed by President Trump, mandates the U.S. Treasury and Commerce Departments to establish a sovereign wealth fund. Michael Grimes, a former technology investment banker, is tapped as its likely head. The fund plans to utilize revenue primarily sourced from tariffs.
Market observers noticed emerging rumors hinting at potential Bitcoin investments via this fund. Bitcoin, however, recorded a price drop of over 1% on March 17, pointing to market ambiguity amidst the circulating speculation. The fund’s proposed direction requires official disclosure, including its leadership and investment approach.
Lots of rumors flying around about the U.S. sovereign wealth fund and Bitcoin. Important to separate fact from speculation. So far, zero evidence of any plans for Bitcoin purchases by the proposed fund.
Bitcoin Prices React Amid Unconfirmed Sovereign Fund Reports
Did you know?
Michael Grimes, rumored to lead the fund, has previously managed technology-related investment projects, but there are no direct indications of his involvement in cryptocurrency investments.
Bitcoin is currently trading at $60,456, experiencing a fluctuation between $60,456 and $61,234. Analysts suggest that this trend aligns with previous market movements, reinforcing historical price patterns.
Experts suggest that the actual structure of the proposed fund remains crucial for assessing its potential impact. Historical trends reveal that market perceptions can quickly shift, often unrelated to the technical fundamentals. Further announcements may clarify the fund’s real objectives and delineate specific cryptocurrency involvement, if any.
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