Nikolas Sargeant
David Sacks, President Donald Trump’s newly appointed "crypto czar," has confirmed that evaluating a potential Bitcoin reserve is a top priority for the administration as part of its broader pro-crypto agenda. Speaking at a joint press conference in Washington, Sacks highlighted that a key task for the administration’s internal working group will be to assess the feasibility of adding Bitcoin to the U.S. government’s strategic reserves. The move comes in the wake of President Trump signing an executive order to establish a sovereign wealth fund, a federally-owned investment vehicle designed to increase government revenue through strategic asset investments.
While the Bitcoin reserve is still under consideration, Sacks emphasized that the sovereign wealth fund itself is a separate initiative. Howard Lutnick, Trump’s nominee for Commerce Secretary, will lead the effort to develop and implement the fund. The sovereign wealth fund is intended to monetize government assets and support national priorities, with analysts speculating that Bitcoin could play a role. This would add a new layer to the ongoing debate over the role of digital currencies in public finance, as the U.S. government looks for innovative ways to manage national wealth.
Trump’s ongoing pro-crypto agenda
The proposal to include Bitcoin in the U.S. sovereign wealth fund aligns with Trump’s broader efforts to integrate cryptocurrency into mainstream finance. As part of this agenda, the administration continues to explore ways to leverage Bitcoin’s potential as a store of value and a strategic asset. With Trump’s strong backing of pro-crypto policies and the possibility of a Bitcoin reserve, the White House is positioning itself to play a major role in shaping the future of digital assets in public finance.
