Cathie Wood: The U.S. government may "directly purchase" Bitcoin. to build up national reserves
Svmuu News: Cathie Wood, founder of ARK Invest, stated that the U.S. government may begin directly purchasing Bitcoin in the future to bolster the national Bitcoin strategic reserve, rather than relying solely on assets seized by law enforcement.In a recent episode of the “Bitcoin Brainstorm” podcast, Wood noted that although Donald Trump the government has established a national Bitcoin reserve via executive order, the reserve’s sources have so far been limited to confiscated BTC, with no market purchases made to date. “The initial goal was to hold 1 million Bitcoin, so I think they’ll eventually start buying,” ” Wood said. She believes that Donald Trump will continue to prioritize cryptocurrency issues despite pressure from the midterm elections, which is positive for the Bitcoin strategic reserve. On one hand, Donald Trump and his family’s interests in the crypto industry are deepening; on the other hand, the crypto community played a significant role in his victory in the presidential election. “He doesn’t want to be a ‘lame duck president’; he wants one or two more productive years in office, and he sees crypto as a path to the future. ” Wood said. Reports indicate that the Donald 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 advance industry legislation, including the GENIUS Act (stablecoin legislation).
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
ULAB Coin: A Shared Ticker for Multiple Projects - An Analysis of the Current Status and Future Prospects of Unilab, Unchained Lab, and LayerBank
-
2
Hyperliquid, Polymarket, and Kalshi: A Competitive Analysis of Prediction Markets and Perpetual Contracts
-
3
Mysterious Trader (Wallet 0xff84) Opens $102.6M 40x BTC Short on Hyperliquid, Depositing $2.44M USDC with Liquidation Price at $64,888.97
-
4
ROX (Robotina): Once aimed at smart grids, but currently holds no investment value.
-
5
On-chain data shows Machi Big Brother出售其持有的Bored Ape #5670 NFT,亏损76 ETH(约合14.2万美元),随后将所得资金用于支持其3,450 ETH(约合644万美元)的多头头寸,该头寸清算价格为1,839.37美元。
-
6
Mitsubishi UBE Cement reportedly plans Tokyo listing in December
-
7
In-depth Analysis of Ordinals Protocol's Community Development and Cultural Impact
-
8
BlackRock spot Ethereum ETF to undergo 1-for-3 reverse stock split on October 6 to boost net asset value per share and reduce trading costs
-
9
Pakistan's Fintech Abhi expects to launch IPO of its microlender in early September
-
10
China's stock market saw new A-share accounts drop 7% in July to 2.66 million, with margin trading also slowing, amid a global tech sell-off
Markets Today
Recommended Reading






