Jin Shi: The rumor of Trump may use sovereign funds to buy Bitcoin

PANews reported on March 17 that according to Kingsen, US President Trump had previously signed an executive order, ordering the U.S. Treasury and Commerce Department to establish a sovereign wealth fund within the next 12 months, and will be managed by Michael Grimes, a former Morgan Stanley technology investment banker. The fund is expected to be the main source of funds as tariffs. There is currently rumors in the currency circle that Trump may use sovereign wealth funds to buy Bitcoin. Despite this, Bitcoin not only did not receive a boost on the 17th, but fell by more than 1% during the session.