Gold Ten: Rumors in the cryptocurrency industry suggest that Trump may use sovereign funds to buy Bitcoin

According to a report by Golden Ten, US President Trump previously signed an executive order ordering the US Treasury and Commerce departments to establish a sovereign wealth fund within the next 12 months, which will be managed by Michael Grimes, a former technology investment banker at Morgan Stanley. The fund is expected to be primarily funded by tariffs. Currently, there are rumors in the cryptocurrency industry that Trump may use his sovereign wealth fund to purchase Bitcoin. Despite this, Bitcoin not only did not receive a boost on the 17th, but also fell more than 1% during trading.