Billionaire Chamath Palihapitiya Proposes Using Government Bitcoin Holdings for Future US Sovereign Wealth Fund

Billionaire Enterprise Capitalist Chamath Palihapitiya says that the US authorities can activate its federal sovereign wealth fund through the use of his Bitcoin (BTC) holdings.

On Monday, President Donald Trump signed an government order for the Ministry of Treasury and the Commerce to arrange a fund designed to supply monetary stability in the long run, financial development and safety in opposition to financial shocks.

Palihapitiya out On the social media platform X, the Trump administration can rapidly get the undertaking off the bottom by profiting from belongings that the US authorities already owns, together with its Bitcoin Trove.

“I believe we are able to begin promoting our 50% share of Tiktok + borrowing in opposition to our BTC firms if we do not wish to promote them. We are able to then add this by sending all earnings from floor/drill agreements and the sale of any actual property from all deserted buildings.

That is ~ $ 50-100 billion with little effort throughout the first two to 3 years. No borrow.

It should be invested in a mixture of index funds, bonds, non-public equities, hedge funds and danger capital (VC) the place VC is lower than 10% and may shrink because the denominator will get higher. “

Based on Bitcoin Treasuries, the US authorities is at the moment in possession 198,109 BTC value $ 19,408 billion.

Sovereine energy funds are funding funds within the authorities that normally use surplus earnings, typically from pure sources similar to oil, to develop cash for the longer term.

Whereas states similar to Alaska have been working their sovereign wealth funds for years, the federal authorities itself has by no means used one.

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