BlockBeats News, January 9 – ARK Invest founder Cathie Wood stated that the US government may start directly purchasing Bitcoin in the future to bolster the national Bitcoin strategic reserve, rather than relying solely on assets seized by law enforcement.
Wood pointed out in the recent episode of the “Bitcoin Brainstorm” podcast that although the Trump administration has established a national Bitcoin reserve through an executive order, so far the reserve has only been sourced from confiscated BTC, with no market purchases made yet. “The initial goal was to hold 1 million Bitcoins, so I believe they will eventually start buying,” Wood said.
She believes that Trump will continue to prioritize cryptocurrency issues amid midterm election pressures, which is positive for Bitcoin’s strategic reserve. On one hand, Trump’s and his family’s interests in the crypto industry are deepening; on the other hand, the crypto community played an important role in his winning the presidential election.
“He doesn’t want to be a ‘lame duck president’; he hopes to have one or two more productive years in office, and he sees crypto as a pathway to the future,” Wood said.
Reports indicate that the Trump administration has signed multiple executive orders to establish Bitcoin reserves and a 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).
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