Expectations are rising that the U.S. government will buy BTC as it pushes to establish a sovereign wealth fund

CoinTelegraph reported that some in the industry are speculating that U.S. President Donald Trump will sign an executive order to establish a sovereign wealth fund, which will lead to the U.S. government buying BTC. U.S. Senator Cynthia Lummis, who is pro-crypto, posted on Twitter that “This is a ₿ig deal,” implying that it will have a positive impact on BTC. Wayne Vaughan, CEO of blockchain data company Theriion, said, “The establishment of the US sovereign wealth fund will be led by Howard Lutnick, CEO of the US sovereign wealth fund, and Scott Bessent, Secretary of the Treasury. Both of them love Bitcoin. The US will buy BTC.”