Cathie Wood: The U.S. government may soon begin purchasing bitcoin to establish a national reserve
According to The Block, Cathie Wood, founder of ARK Invest, stated that the U.S. federal government may soon start actually buying bitcoin to advance the goal of a 'national strategic bitcoin reserve.' This reserve program was established early in Trump's second term through an executive order, with an initial target of holding 1 million BTC, primarily accumulated through seized assets.
Wood believes that as Trump seeks to maintain political influence and considering the role of the crypto industry in influencing the election, his administration may initiate purchase actions.
According to The Block, Cathie Wood, founder of ARK Invest, stated that the U.S. federal government may soon start actually buying bitcoin to advance the goal of a 'national strategic bitcoin reserve.' This reserve program was established early in Trump's second term through an executive order, with an initial target of holding 1 million BTC, primarily accumulated through seized assets.
Wood believes that as Trump seeks to maintain political influence and considering the role of the crypto industry in influencing the election, his administration may initiate purchase actions.