U.S. Sovereign Wealth Fund Announced: Will Bitcoin Be Included?
Crypto Czar David Sacks Hints at a “Golden Age in Digital Assets”
The U.S. government is making a historic move with the announcement of a U.S. Sovereign Wealth Fund, sparking speculation that Bitcoin (BTC) could be part of the investment strategy. Crypto Czar David Sacks, who made the announcement on Tuesday, described Bitcoin as an “excellent store of value”, fueling hopes that the U.S. may soon join the race to accumulate digital assets.
Will Bitcoin Be Part of the U.S. Sovereign Wealth Fund?
Before his election victory, Donald Trump floated the idea of creating a strategic Bitcoin reserve as part of his administration’s financial strategy. While that plan has yet to materialize, the newly announced Sovereign Wealth Fund could serve as an alternative vehicle for Bitcoin accumulation.
Why does this matter? Other nations, including El Salvador and institutional players, have already embraced Bitcoin as a long-term store of value. If the U.S. moves forward with Bitcoin integration in its sovereign wealth portfolio, it could trigger a global race among nation-states to acquire BTC.
However, Sacks emphasized that stablecoin regulation will be a top priority, with plans to push digital asset legislation through Congress within six months. This regulatory push could set the foundation for Bitcoin’s eventual inclusion in national financial reserves.
Bitcoin Price Action: What’s Next?
Bitcoin Still in a Sideways Trend
Despite the excitement, Bitcoin’s price remains in a sideways trading pattern after experiencing extreme volatility.
Key technical levels:
- Current horizontal support: Between $95,000 and $92,000
- Major ascending trendline: Below $92,000, likely acting as a strong support level
If Bitcoin fails to hold its current range, a retest of the $92,000 mark could be on the horizon. However, technical analysis suggests that a continuation of the uptrend remains more likely.
Uptrend More Likely as Bitcoin Stays Above Key Support
On the weekly timeframe, Bitcoin is forming a potential bullish structure above its long-term ascending trendline.
- A bullish breakout could push Bitcoin toward new highs, continuing its final stage of the bull run
- A potential M-pattern formation could lead to a retest of previous bull flag resistance
Given that many analysts believe we are in the final phase of the bull market, Bitcoin may have more room to run before the rally peaks later this year.
Final Thoughts: Bitcoin’s Future in the U.S. Financial System
The announcement of a U.S. Sovereign Wealth Fund marks a major turning point in digital asset policy. If Bitcoin becomes part of the portfolio, it could solidify its status as a global reserve asset and accelerate institutional adoption.
While Bitcoin’s price remains volatile, a long-term bullish trajectory seems more likely as governments and institutions continue to recognize its value. With regulatory clarity on the horizon and major financial strategies evolving, 2025 could mark a transformative year for Bitcoin and the broader crypto market.
🚨 Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research before making investment decisions.
