HomeBranded ContentBest Crypto To Buy Now As Donald Trump’s Sovereign Wealth Fund Likely...

Best Crypto To Buy Now As Donald Trump’s Sovereign Wealth Fund Likely To Include Crypto Assets

Donald Trump signed an executive order on Monday discharging Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to create a sovereign wealth fund in the US. 

The Treasury and Commerce Departments are set to propose their SWF plan and recommendation for investment strategies within 90 days. 

Considering Bessent and Lutnick are two of the most pro-Bitcoin officials in the Trump administration, there is strong speculation the fund could be used to invest in Bitcoin and blue-chip crypto assets. 

Smart money investors are already front-running the SWF launch, including assets like Bitcoin and Ethereum back into their lists of best crypto to buy now. 

Will The Sovereign Wealth Fund Buy Bitcoin And Other Crypto? 

Sovereign wealth funds are investment arms of a nation-state, used either as an investment account or a development tool. 

Norway Government Pension Fund Global is the largest SWF in the world, with $1.8 trillion in assets under management. While on the campaign trail in September 2024, Trump promised to set up a $2 trillion fund which would finance “great national endeavours.”’

As previously stated, Commerce Secretary Lutnick and Treasury Secretary Bessent are highly pro-Bitcoin. 

For instance, Lutnick claims he holds hundreds of millions worth of BTC and plans to increase his investment into the largest cryptocurrency by over $1 billion. His investment firm, Cantor Fitzgerald, serves as the primary custodian for Tether’s U.S. Treasury holdings.

Similarly, Scott Bessent claimed that the crypto economy is here to stay and that Bitcoin is a key tool for freedom. 

With the two pro-Bitcoin officials set to manage the newly created sovereign wealth fund, it is no surprise there is strong speculation that the fund could be used to invest in Bitcoin and blue-chip crypto assets. 

Wyoming Senator Cynthia Lummis further fueled the rumours by posting the Bitcoin symbols on X in response to the SWF news. 

All eyes are now on Trump’s crypto czar David Sacks’ press conference on Tuesday, which will outline the President’s plan for making America a leader in the digital assets space. Any hint of the SWF investing in BTC could send the crypto market soaring. 

Best Crypto To Buy Now

Smart money investors have included Bitcoin back in their lists of best cryptos to buy despite its high market capitalization. The use of the American SWF to invest in BTC could send the largest cryptocurrency to $200,000 in the coming months. 

Considering Trump’s World Liberty Financial has been stacking Ethereum, it could also be one of the SWF crypto investments. Ripple CEO Brad Garlinghouse’s close relationship with Trump could also make XRP a beneficiary of the sovereign wealth fund. 

Could Elon Musk also exert his influence and get an SWF investment into Dogecoin? While a meme coin investment remains a stretch, the speculation could boost the DOGE price. As such, analysts are signalling that Dogecoin is ready for a bullish reversal and could deliver 2x-3x returns in the coming month. 

Ethereum meme coin Pepe is also a consensus pick among experts for one of the best cryptos to buy now. While there is no possibility that the SWF would buy $PEPE, the meme coin could still benefit from its strong correlation with Ethereum. 

Similarly, Solana Layer-2 token Solaxy (SOLX) could benefit from the SWF’s likely investment in SOL. Layer-2 tokens are viewed as beta bets on their respective Layer-1s, which explains why whales are stacking SOLX ahead of its launch. 

Several prominent investors are calling Solaxy the next 100x crypto. 

The hype surrounding the sovereign wealth fund could bring other cutting-edge investment vehicles into the spotlight. For instance, Meme Index (MEMEX) is launching meme coin baskets, the first-of-its-kind decentralized index fund designed for meme coins. 

MEMEX holders can vote on which assets are included in each basket. This opportunity to gain broad market exposure to meme coins while spreading the risk has resulted in a strong demand for MEMEX. 

RELATED ARTICLES

Stay updated on all the news about cryptocurrencies and the entire world of blockchain.

MOST POPULARS