Bitcoin In The Mix? Trump’s Executive Order Sets Up Sovereign Wealth Fund
In a move that could significantly impact Bitcoin (BTC) and the broader crypto landscape, President Donald Trump signed an executive order on Monday establishing plans for a government-run sovereign wealth fund aimed at economic development. This initiative follows Trump’s ongoing commitment to leverage Bitcoin and digital assets as a tool for the country’s economic strategy, […]
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Norway is now planning to withdraw NOK 121 bln (close to $15 bln) from its sovereign wealth fund in order to cover its loss of oil revenue. The idea that Norway’s sovereign wealth fund could put cryptocurrency in its portfolio now sounds wild, but in reality it could happen soon. The country is the biggest oil exporter in western Europe and with crude oil prices down, it has hurt the Norwegian economy and if oil prices do not rise. The fund itself is approximately $890 bln. The fund keeps the money in the Norges Bank. By third quarter 2016, the government already withdrew a total of NOK 54....
Bitcoin-bull Michael Saylor of MicroStrategy gives his expectations for the next round of institutional buyers coming into the space. What’s surprising is that Saylor believes governments, via sovereign wealth funds, are next in line to buy. Saylor Believes Bitcoin Over Gold is The Smart Play When it comes to the question of wealth preservation, parallels […]
Last week, President Donald Trump signed an executive order to build a wall along the U.S.–Mexico border as he had promised during his presidential election campaign. Aside from the ethical and practical issues of building the border wall, the issue of how it will be financed was also raised by opponents during his campaign. Trump’s proposed solution to funding the wall is either to heavily tax U.S.–Mexico remittances or to fully prohibit them altogether, so that the funds needed to build the wall will stay in the U.S. According to the World Bank, U.S.–based Mexican immigrants send around....
Sovereign wealth funds may soon become the next major investors to enter the Bitcoin scene. State-owned investment funds are reportedly making inquiries into buying Bitcoin (BTC).According to Robert Gutmann, CEO of New York Digital Investment Group, the firm has been having conversations with sovereign wealth funds about possible Bitcoin investments.Gutmann made this known while appearing at a virtual podcast with investment strategist and founder of Real Vision Raoul Pal.Pal also confirmed Gutmann’s revelation, stating that Singapore’s sovereign wealth fund Temasek was indeed a Bitcoin....
President Donald Trump earlier this week signed an executive order to start building a wall on the U.S – Mexico border, fulfilling the promise he made during his presidential campaign. He has also threatened to halt or tax remittances from the U.S. to Mexico to help pay for the wall; a move which could potentially boost interest in Bitcoin. Trump’s Wall....