Is the US Sovereign Wealth Fund a Sneaky Proxy for a Bitcoin Strategic Reserve?

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 5 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

.....or is that just insane wishful thinking? NLW explores the latest Trump executive action. Once again, mainstream economic wisdom is skeptical, but should we reserve judgement until we see the specific proposal? Sponsored by: Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Tuesday, February 4th, and today we're talking about a U.S.
0:24.1	sovereign wealth fund. Before we get into that, however, if you are enjoying the breakdown,
0:27.7	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:32.1	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly.
0:35.9	All right, friends, obviously we have to start with a quick update on the tariffs. You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:41.3	All right, friends, obviously we have to start with a quick update on the tariffs.
0:46.5	After an angst-ridden weekend, President Trump has backed away from tariffs at the last moment.
0:51.4	Separate deals were reached with Canada and Mexico to delay tariffs for one month after each pledge to spend over a billion dollars on border control.
0:54.9	Perhaps this was the tactic all along, but in any case, it turns out that Trump was much more open to negotiate
0:58.3	than he had initially let on. Going somewhat under the radar is that the tariff increases on
1:02.4	China will still go ahead. This includes removing the de minimis import tax exemption,
1:06.9	which would impact Chinese e-commerce entering the country. Still, we got into all of that before,
1:11.4	so now we are moving on to the next big Trump headline, which is the signing of an executive
1:15.5	order to establish a sovereign wealth fund. The executive order tasks Treasury Secretary Scott
1:20.3	Besson and Commerce Secretary Howard Lutnik with presenting a plan for the fund within 90 days.
1:25.3	This includes a funding mechanism, investment strategies,
1:28.0	and a governance model, meaning in other words that all of those details are still up in the air
1:31.6	at this particular stage. All we really have is a stated goal, to quote, promote fiscal
1:36.8	sustainability, lessen the burden of taxes on American families and small businesses,
1:40.8	establish economic security for future generations, and promote United States
	...

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