Cathie Wood says US gov’t may ‘start buying’ to stock national bitcoin reserve
Cathie Wood predicts the U.S. government may start actively buying Bitcoin for its national reserve, moving beyond just holding seized assets.Summary
ARK Invest founder Cathie Wood suggested that the U.S. government, under President Trump, might begin purchasing Bitcoin to bolster the national strategic reserve, which currently holds only forfeited assets. Wood noted the original intent was to hold 1 million bitcoins and believes the administration will start buying to avoid being a 'lame duck' and to align with the future path she sees in crypto. Wood also expects the Trump administration to secure a *de minimis* tax exemption for small crypto transactions. The article notes that crypto has become a significant political force, with industry figures supporting Trump and executives funding related White House initiatives. While an executive order established the reserve, tasking departments to explore budget-neutral additions, no actual purchases have been made yet, though some U.S. states like Florida and Texas are pursuing similar state-level crypto stockpile legislation.
(Source：The Block)