PANews January 9 News, according to The Block, ARK Invest founder Cathie Wood stated that the U.S. federal government may soon begin actual purchases of Bitcoin to promote the achievement of the “National Strategic Bitcoin Reserve” goal. The reserve plan was established early in Trump’s re-election through an executive order, initially aiming to hold 1 million BTC, mainly accumulated through asset confiscation. Wood believes that as Trump seeks to maintain political influence and the crypto industry’s role in boosting his election prospects, his government may initiate purchase actions.
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Cathie Wood: The US government may start purchasing Bitcoin to establish a national reserve
PANews January 9 News, according to The Block, ARK Invest founder Cathie Wood stated that the U.S. federal government may soon begin actual purchases of Bitcoin to promote the achievement of the “National Strategic Bitcoin Reserve” goal. The reserve plan was established early in Trump’s re-election through an executive order, initially aiming to hold 1 million BTC, mainly accumulated through asset confiscation. Wood believes that as Trump seeks to maintain political influence and the crypto industry’s role in boosting his election prospects, his government may initiate purchase actions.