Cathie Wood believes that the United States will buy bitcoin if they are pushed by politics and not markets.
The founder of ARK Invest said This week, President Donald Trump has made cryptocurrency a political issue that will likely influence his policy as he looks to the future. 2026 midterm elections.
Wood believes that this dynamic will increase the likelihood that the federal Government eventually goes beyond holding seized BTC It begins to purchase BTC for its national strategic reserves.
Crypto is “part of the reason he won the presidency,” Wood stated on a recent episode ARK’s Bitcoin Brainstorm podcast. Trump, argues she, has an incentive to convince the industry to stay on board and make visible progress with midterms just around the corner.
“The most important one is that he doesn’t want to be a lame duck. He wants to have another one or two productive years, and I think he sees crypto as a path to the future,” Wood said.
BTC Reserve of United States was created By executive order, less than one week after Trump took office in his second term, a larger digital assets stockpile was created along with a new working group of interagency officials headed by David Sacks Special Advisor for AI & Crypto.
So far, however, the reserve has been capitalized only with bitcoin seized through criminal forfeitures — assets Trump has pledged not to sell.
“It seems as though there has been reticence about actually buying bitcoin for the strategic reserve,” Wood said. “So far, it’s confiscated [bitcoin].” The posture of the body is important. she suggestedThe’may not last. “The original intent was to own one million bitcoins, so I actually think they will start buying.”
Crypto is now a much more organized constituency in the last election. Political action committees backed by the industry poured While prominent executives publicly supported Trump, and in some cases donated personally, they also contributed money to congressional races. Wood, herself, was one of the supporters.
The administration also makes a point to show its interest in this sector. White House hosts crypto-related conferences, and Coinbase Tether and Ripple have contributed towards the building of a White House ballroom.
Bitcoin as a ‘scarce value’
Trump signed an executive order establishing a bitcoin reserve, crypto stockpile. backed The GENIUS Act is one such legislative effort that formalizes stablecoin laws.
A July report Sacks’ working group made additional recommendations. These included granting authority to the Commodity Futures Trading Commission over markets for non-security digital asset. This order confirmed that at first, forfeited funds would fund the Bitcoin Reserve and Crypto Stockpile, which will be administrated by Treasury Department. It also instructed the Treasury and Commerce Departments explore “budget-neutral” How to get more bitcoin
Wood considers this as the main obstacle but it is not impossible to overcome. She described the potential for government purchases as an inflection-point on the market, particularly as Bitcoin’s supply is tightening. Nearly twenty million of Bitcoin’s total 21 million have already been mined.
“If we get the U.S. not just adding confiscated bitcoin to a strategic reserve but actually out there buying,” Wood Said “that would set off what we’re all waiting for — the scarcity value to reassert itself.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
