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Cathie Wood: "The U.S. government may buy Bitcoin directly"

Source

Doohyun Hwang

Summary

Cathie Wood said the U.S. could start buying Bitcoin to increase its strategic reserves.
She said the U.S. government’s policy focus could shift from using seized Bitcoin to securing supply directly from the market.
She emphasized that Bitcoin could become a national reserve asset like gold, and that U.S. accumulation would be a catalyst for other countries to join in.

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*Cathie Wood, CEO of ARK Invest/Photo=ARK Invest*

Cathie Wood, CEO of ARK Invest—often dubbed the “Money Tree Sister”—said there could be a major shift in the U.S. government’s Bitcoin (BTC) reserve strategy.

On the 8th (local time), Wood appeared on an ARK Invest podcast and said, “There is a possibility the United States could start buying Bitcoin to increase its strategic reserves.”

She noted, “So far, there has been no official market buying at the U.S. government level,” but added that “the policy focus could shift from using seized Bitcoin to securing supply directly from the market.”

Wood cited Bitcoin’s changing status. “Bitcoin is a strategic asset for governments,” she said, emphasizing that “I believe Bitcoin could become a national reserve asset like gold.” She added, “If the United States recognizes Bitcoin as a strategic asset and begins building reserves, that would be a catalyst for other countries to join in.”

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