Cathie Wood: US Government May 'Allocate' to Bitcoin, Bolster National Strategic Reserve

BlockBeats News, January 9th, ARK Invest founder Cathie Wood stated that the U.S. government may start directly purchasing Bitcoin in the future to bolster the nation's Bitcoin strategic reserve, rather than relying solely on assets seized by law enforcement.

In a recent episode of the "Bitcoin Brainstorm" podcast, Wood pointed out that although the Trump administration has established a national Bitcoin reserve through executive order, the reserve's sources so far have been limited to seized BTC proceeds, with no market purchases being made yet. "The initial goal was to hold 1 million bitcoins, so I think they will eventually start buying," Wood said.

She believes that Trump will continue to attach great importance to the cryptocurrency issue under the pressure of the midterm elections, which is beneficial to the Bitcoin strategic reserve. On the one hand, Trump and his family's interests in the crypto industry continue to deepen; on the other hand, the crypto community has played a significant role in his winning the presidential election.

"He doesn't want to be a 'lame duck president'; he wants to have one or two productive years in office, and he sees crypto as a path to the future," Wood said.
Reports indicate that the Trump administration has signed multiple executive orders to establish a Bitcoin reserve and crypto asset inventory, and has formed a crypto and AI working group led by David Sacks to promote industry legislation, including the GENIUS Act (stablecoin legislation).