Cathie Wood: US Government May Directly Purchase Bitcoin to Boost National Strategic Reserves

ARK Invest founder Cathie Wood suggested that the US government may start directly buying Bitcoin in the future to bolster the national Bitcoin strategic reserves, rather than relying solely on assets seized by law enforcement agencies. Wood pointed out in a recent episode of the 'Bitcoin Brainstorm' podcast that while the Trump administration has established a national Bitcoin reserve through executive orders, the reserves so far have been limited to seized BTC and no market purchases have been made. The initial goal is to hold 1 million Bitcoins, so I think they will eventually start buying. Wood believes that Trump, under pressure from the midterm elections, will continue to prioritize the cryptocurrency issue, which is positive for the Bitcoin strategic reserves. On one hand, Trump and his family's interests in the crypto industry are deepening, and on the other hand, the crypto community played a significant role in his winning the presidential election. 'He doesn't want to be a lame duck president, he wants one or two more productive years in office, and he sees crypto as the path to the future,' Wood said. The report mentioned that the Trump administration has signed multiple executive orders to establish Bitcoin reserves and crypto asset inventories, and has set up a crypto and AI task force led by David Sacks to promote industry legislation including the GENIUS Act (stablecoin legislation).

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