TechFlow news, on March 17, according to Jinshi Data, U.S. President Trump previously signed an executive order directing the U.S. Treasury Department and the Department of Commerce to establish a sovereign wealth fund within the next 12 months, to be managed by Michael Grimes, former technology investment banker at Morgan Stanley. The fund is expected to be primarily financed through tariffs. Currently, there are rumors in the cryptocurrency community that Trump may use the sovereign wealth fund to purchase Bitcoin. Nevertheless, Bitcoin did not receive a boost on the 17th and even fell more than 1% during the session.
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