Simon Dixon, a cryptocurrency investor and influencer, reported that President Trump's Crypto Czar, David Sacks, said the administration will evaluate the establishment of a U.S. Bitcoin reserve. This reserve would be "separate" from any sovereign wealth fund. Dixon shared this information in a February 4 post on X.
"President Trump's Crypto Czar David Sacks says they're going to evaluate a Bitcoin Reserve," said Dixon, crypto investor and influencer. "This is separate to any Sovereign Wealth Fund."
According to CryptoSlate, the Trump administration's crypto working group is currently assessing the creation of a U.S. Bitcoin reserve and is also developing a regulatory framework for stablecoins and digital assets. The group, led by Sacks, is collaborating with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to clarify oversight responsibilities. The Clarity for Payment Stablecoins Act of 2024 proposes regulations for stablecoin issuance and reserve requirements. Additionally, the SEC has launched a crypto task force led by Commissioner Hester Peirce to address regulatory issues related to digital assets.
Simon Dixon's post
| X
Forbes reports that Bitcoin is becoming a geopolitical asset in 2025, with governments and central banks worldwide discussing its role in national reserves. Under President-elect Donald Trump's administration, Bitcoin is being considered as a strategic reserve asset, with proposals for a U.S. Bitcoin reserve aimed at enhancing economic stability and hedging against inflation. Senator Cynthia Lummis highlights that Bitcoin’s finite supply makes it an advantageous addition to national reserves. Other countries such as Switzerland, Germany, Russia, Brazil, and Poland are also exploring Bitcoin as a reserve asset.
A White House executive order released on February 4 outlines plans for establishing a sovereign wealth fund intended to "promote fiscal sustainability," reduce tax burdens on American families and small businesses, establish economic security for future generations, and strengthen the country's global economic position. The Treasury and Commerce secretaries will work alongside the president’s economic advisor to develop a proposal for this U.S. sovereign wealth fund.
Dixon has invested in over 100 cryptocurrency companies including Kraken and Coinbase. He creates content related to cryptocurrencies on platforms like X and YouTube and serves as CEO and co-founder of BnkToTheFuture, a regulated crypto securities business.
