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

Billionaire Chamath Palihapitiya Proposes Using Government Bitcoin Holdings for Future US Sovereign Wealth Fund
Venture capitalist Chamath Palihapitiya suggests that the US government can establish a federal sovereign wealth fund by leveraging its Bitcoin holdings. Palihapitiya proposes utilizing the government's Bitcoin trove and assets like TikTok, land/drilling deals, and real estate sales to generate funds without borrowing. According to Bitcoin Treasuries, the US government's Bitcoin holdings amount to 198,109 BTC worth $19.408 billion. Palihapitiya recommends investing the funds in a diversified portfolio including index funds, bonds, private equities, hedge funds, and venture capital, with a focus on gradually reducing the proportion allocated to venture capital as the fund grows. The establishment of a sovereign wealth fund aims to provide long-term financial stability, economic growth, and protection against economic shocks.

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