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Cathie Wood: The US government may start purchasing Bitcoin to establish a national reserve
According to The Block, ARK Invest founder Cathie Wood stated that the U.S. federal government may soon begin actively buying Bitcoin to promote the achievement of the "National Strategic Bitcoin Reserve" goal. This reserve plan was established through an executive order during Trump's early re-election campaign, initially aiming to hold 1 million BTC, mainly accumulated through asset confiscation to date.
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.