US President Donald Trump has announced plans to visit Saudi Arabia in the coming weeks to finalize a $1 trillion investment deal. This agreement includes major investments in American businesses and military equipment purchases. Trump emphasized his strong relationship with the Saudi leadership, noting that his first overseas trip as president in 2017 was also to Riyadh, where he secured a $350 billion deal at the time.
Strengthening Economic Ties
Speaking from the Oval Office, Trump stated that Saudi Arabia’s wealth has grown significantly over the years, making this new deal even larger. The proposed $1 trillion investment will be spread over four years, focusing on American industries, infrastructure, and military sales. Trump expressed confidence that this partnership would strengthen economic and diplomatic ties between the two nations.
Saudi Arabia’s role in US foreign policy has been expanding. Trump’s Middle East envoy, Steve Witkoff, confirmed that the Saudis will host a US-Ukraine meeting next week to discuss potential ceasefire solutions for the ongoing conflict.
Additionally, Trump recently met with officials from PGA Tour and LIV Golf, a Saudi-backed league, to resolve disputes between the two organizations. His close ties with Saudi business leaders have raised discussions about future collaborations in sports, technology, and trade.
Read: Trump Confirms Direct US Talks with Hamas on Gaza Hostages
Trump Establishes Strategic Bitcoin Reserve
In a surprising move, Trump signed an executive order to create a US strategic bitcoin reserve. The reserve will consist of cryptocurrency assets seized by the federal government through criminal and civil forfeiture cases. White House cryptocurrency advisor David Sacks described the reserve as a “digital Fort Knox,” aimed at preserving bitcoin as a valuable asset.
The government will not actively buy additional bitcoin but will hold the existing 200,000 seized bitcoins in a secure reserve. Sacks stated that the US government’s premature sale of seized cryptocurrency had previously cost taxpayers $17 billion in lost value. The reserve, he argued, would ensure that taxpayers benefit from future price increases.
Mixed Reactions from the Crypto Industry
Despite initial excitement, the crypto market reacted sharply to the announcement. Bitcoin prices fell by over 5%, dropping below $85,000 shortly after the news broke. Some investors were disappointed, expecting the government to actively acquire more bitcoin rather than just holding existing assets.
Charles Edwards, founder of Bitcoin-focused hedge fund Capriole Investments, called the reserve a “fancy title for holdings that already existed.” He criticized the lack of active buying, calling it a missed opportunity for the US to strengthen its position in digital assets.
Concerns Over Trump’s Crypto Ties
Trump’s growing support for the crypto industry has raised ethical concerns. His administration has pushed for easier regulations on cryptocurrency businesses, which heavily funded Republican campaigns. Critics argue that these policies could favor wealthy crypto investors while failing to protect ordinary taxpayers.
Additionally, Trump’s family connections to the crypto industry have come under scrutiny. His relatives have launched meme coins, and he holds a stake in World Liberty Financial, a cryptocurrency platform. While his aides insist that Trump has distanced himself from business decisions, some experts believe these ties could lead to conflicts of interest.
Shaping Economic and Digital Policies
As Trump prepares for his Saudi visit, both his foreign investment strategies and cryptocurrency policies remain under close watch. The $1 trillion Saudi deal could have a major impact on the US economy and military industry, while the bitcoin reserve marks a new chapter in government involvement in digital assets. How these decisions unfold will shape America’s economic and digital future in the years to come.
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