Billionaire enterprise capitalist Chamath Palihapitiya says the US authorities can get its federal sovereign wealth fund up and working by leveraging its Bitcoin (BTC) holdings.
On Monday, President Donald Trump signed an govt order for the Treasury and Commerce Departments to create a fund designed to supply long-term monetary stability, financial progress and safety towards financial shocks.
Palihapitiya says on the social media platform X that the Trump administration can get the venture off the bottom rapidly by capitalizing on property the US authorities already holds, together with its Bitcoin trove.
“I feel we are able to begin by slowly promoting down our 50% share of TikTok + borrowing towards our BTC holdings if we don’t need to promote them. We are able to then add to this by directing any revenues from land/drilling offers and gross sales of any actual property from the entire deserted buildings.
That is ~$50-100 billion with little effort over the primary two to a few years. No borrowing.
It must be invested in a mixture of index funds, bonds, personal equities, hedge funds and enterprise capital (VC) the place VC is lower than 10% and may shrink because the denominator will get larger.”
In response to Bitcoin Treasuries, the US authorities presently holds 198,109 BTC price $19.408 billion.
Sovereign wealth funds are government-owned funding funds that sometimes use extra revenues, usually from pure sources like oil, to develop cash for the longer term.
Whereas states like Alaska have been working their sovereign wealth funds for years, the federal authorities itself has by no means utilized one.
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