BlockBeats News, January 9 – ARK Invest founder Cathie Wood stated that the US government may start directly purchasing Bitcoin in the future to bolster the national Bitcoin strategic reserve, rather than relying solely on assets seized by law enforcement.
Wood pointed out in the recent episode of the “Bitcoin Brainstorm” podcast that although the Trump administration has established a national Bitcoin reserve through an executive order, so far the reserve has only been sourced from confiscated BTC, with no market purchases made yet. “The initial goal was to hold 1 million Bitcoins, so I believe they will eventually start buying,” Wood said.
She believes that Trump will continue to prioritize cryptocurrency issues amid midterm election pressures, which is positive for Bitcoin’s strategic reserve. On one hand, Trump’s and his family’s interests in the crypto industry are deepening; on the other hand, the crypto community played an important role in his winning the presidential election.
“He doesn’t want to be a ‘lame duck president’; he hopes to have one or two more productive years in office, and he sees crypto as a pathway to the future,” Wood said.
Reports indicate that the 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 promote industry legislation, including the GENIUS Act (stablecoin legislation).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Price Prediction: Is $60K Inevitable for BTC Amid Market Weakness?
Bitcoin (BTC) continues in a broad consolidation phase following the steep declines earlier this year. The asset remains confined in a horizontal range that signals short-term indecision among market participants. While attempts to retest higher resistance levels around $75k have been met with
CryptoPotato7m ago
This Oversold Signal Has Triggered 350%, 1,800%, and 2,700% Bitcoin Surges Before
Although it has performed relatively well since the war in the Middle East broke out nearly a month ago, and has dwarfed gold in terms of gains within this period, bitcoin is far from its best shape observed in October last year.
The cryptocurrency trades nearly 50% below its all-time high of
CryptoPotato14m ago
Bitcoin Cash Suddenly Dumps 5% as Whale Reportedly Dumps 60,000 BCH
Bitcoin Cash experienced a sudden drop of over 5% in a short period, following a significant sale of 60,000 BCH by an unknown entity. This led to $2.5 million in leveraged positions being liquidated, primarily on Binance.
CryptoPotato38m ago
Bitcoin Volatility Spikes as Investors Reassess Risk and Explore Bitcoin Everlight
During the final week of January, Bitcoin saw renewed volatility, which accelerated as positioning started shifting. The cryptocurrency has traded between $86,000 and $93,000 after retracing from its October 2025 peak near $126,000.
While macro, as well as political uncertainty, has undoubtedly d
CryptoPotato42m ago
