Billionaire Venture Capitalist Chamath Palihapitiya says that the US government can activate its federal sovereign wealth fund by using his Bitcoin (BTC) holdings.
On Monday, President Donald Trump signed an executive order for the Ministry of Treasury and the Trade to set up a fund designed to offer financial stability in the long term, economic growth and protection against economic shocks.
Palihapitiya out On the social media platform X, the Trump administration can quickly get the project off the ground by taking advantage of assets that the US government already owns, including its Bitcoin Trove.
“I think we can start selling our 50% share of Tiktok + borrowing against our BTC companies if we don’t want to sell them. We can then add this by sending all income from ground/drill agreements and the sale of any real estate from all abandoned buildings.
This is ~ $ 50-100 billion with little effort during the first two to three years. No borrow.
It must be invested in a mix of index funds, bonds, private equities, hedge funds and risk capital (VC) where VC is less than 10% and should shrink as the denominator gets greater. “
According to Bitcoin Treasuries, the US government is currently in possession 198,109 BTC worth $ 19,408 billion.
Sovereine power funds are investment funds in the government that usually use surplus income, often from natural resources such as oil, to grow money for the future.
While states such as Alaska have been running their sovereign wealth funds for years, the federal government itself has never used one.
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